My research focuses on expectations and decision making in macroeconomic environments. I enjoy developing creative ways of implementing economies in controlled laboratory experiments to study policy relevant questions.

My recent work investigates the ability of monetary policy and central bank communication to stabilize expectations and markets.

Working Papers

“Asset Trading and Monetary Policy in Production Economies” 

with Guidon Fenig and Mariya Mileva.      pdfappendix

Updated August 2014

“Expectations and Monetary Policy: Experimental Evidence”                 with Oleksiy Kryvtsov.       pdf  ,  appendix 

“Economic Stability and Welfare Under Rationing Rules”, with Guidon Fenig. (available upon request)


[2014] “Does Money Illusion Matter: Comment”

with Abel Winn. American Economic Review pdfappendix    published version

[2014] “Recent Developments in Experimental Macroeconomics” with Robert Amano and Oleksiy Kryvtsov. Bank of Canada Review.

[2014] “Forecast Error Information and Heterogeneous Expectations in Learning to Forecast Macroeconomic Experiments”, in “Experiments in Macroeconomics”, Vol. 17, Research in Experimental Economics. pdf

Work in Progress

“Combating Liquidity Traps” with Jasmina Arifovic and Andriy Baranskyy

“Sunspots in Asset Markets” with Jess Benhabib and Rosemarie Nagel

“Asset Markets in General Equilibrium” with Erik Kimbrough

“The Salience of Monetary Policy”



Summer 2014

Econ 483: Special Topics in Macroeconomics


Scheduled Seminars and Conferences

Workshop on “Experiments in Monetary Policy”, Lyon,

November 5-6, 2014

American Economic Association Meetings: Boston,

January 3-5, 2015

Luba Petersen