My research focuses on expectations and decision making in macroeconomic environments. I develop procedures for implementing macroeconomies in controlled laboratory experiments to study policy-relevant questions.

My recent research investigates the ability of monetary policy and central bank communication to stabilize and guide expectations and markets. I am currently studying the determinants of effective communication to the general public as well as financial markets. Another branch of my work explores how people reason through dynamic optimization problems and whether their ability can be improved through effective tools and education.

These projects have been funded by various institutions and programs including the Bank of Canada, the National Science Foundation, the Sury Initative for Global Finance and International Risk Management, SSHRC-SFU Institutional Grants, as well as SSHRC Insight Development and Insight Grants. My research has been profiled by the CBC and FASS @ SFU.

I am co-organizing three events this summer:

June 24-30, 2019: 12th BESLab Experimental Economics Summer

                               School in Macroeconomics, in Ottawa, ON

June 25-26, 2019: 10th International Workshop on Theoretical and

                              Experimental Macroeconomics, hosted at the

                              Bank of Canada in Ottawa, ON

July 4-7, 2019:      2019 ESA World Meetings in Vancouver, B.C.

Curriculum Vitae

Working Papers

Central Bank Communication That Works: Lessons from Lab Experiments

with Oleksiy Kryvtsov

Under revision, Journal of Monetary Economics

Expectations and monetary policy: Experimental evidence      [Appendix]

with Oleksiy Kryvtsov

Coordinating expectations through central bank projections

with Fatemeh Mokhtarzadeh

Under revision,     Experimental Economics

Macroeconomic literacy and expectations

with Michael Mirdamadi

Forecast dispersion and central bank communication: Textual analysis using LIWC" with Stephen Rouse and Jasmina Arifovic

(draft available upon request)

“Do prices reveal information about dividends in asymmetric sequential asset markets?” with Jess Benhabib and Rosemarie Nagel

(draft available upon request)


[2018] Deflating asset price bubbles with leverage constraints and monetary policy

with Guidon Fenig and Mariya Mileva

Journal of Economic Behavior and Organization, 155, 1-27.

[WP version]

[2017] Stabilizing expectations at the zero lower bound: Experimental evidence

with Jasmina Arifovic  

Journal of Economic Dynamics and Control, 82, 21-43.

[WP version]

[2017] Distributing scarce jobs and output: experimental evidence on the dynamic effects of rationing

with Guidon Fenig,   Experimental Economics, 20(3), 707-735.

[WP version][Appendix]

[2015]  Do Expectations and Decisions Respond to Monetary Policy? Journal of Economic Studies, 42(6), 1047-1062. 

* Special Issue in Experimental Macroeconomics  

[WP version]

[2014] Does Money Illusion Matter?: Comment

with Abel Winn, American Economic Review, 104(3):1047-1062.

[WP version][Appendix] 

[2014] Recent Developments in Experimental Macroeconomics

with Robert Amano and Oleksiy Kryvtsov, Bank of Canada Review, Autumn 2014, 1-11. 

[2014] Forecast Error Information and Heterogenous Expectations in Learning to Forecast Macroeconomic Experiments

“Experiments in Macroeconomics”, Vol. 17, Research in Experimental Economics, 109-137.

[WP version]

Work in Progress

“Dynamic Optimization” with Guidon Fenig

"Escaping Secular Stagnation with Unconventional Monetary Policy" with Ryan Rholes

“Overconfidence” with Ciril Bosch-Rosa, Daniel Gietl, and Frank Heinemann

“Communicating Uncertainty” with Olena Kostyshyna


Luba Petersen

Contact Information

Luba Petersen, Ph.D.

Associate Professor

Department of Economics

Simon Fraser University

Email: lubap at sfu dot ca

I am on research study leave from 2018-2019.

Sept 2018-June 2019: Bank of Canada

Sept-Dec 2019: University of California Santa Barbara

Recent and upcoming talks

1/29: Nanyang Technological University

5/10: Middlebury College

5/31-6/2: CEAs in Banff

6/28-6/30: CEF in Ottawa

7/4-7/7: World ESAs in Vancouver

8/8: SEF Asia Meetings in Singapore

9/18: University of Amsterdam

9/26-9/28: Banque de France/Deutsche Bundesbank Conference on Household Expectations

10/10-10/11: European Central Bank/CEPR RPN Workshop on Central Bank Communication

10/25: Chapman University

11/13-11/15: Canadian Science Policy Conference in Ottawa

4/30-5/1: Max Bell School of Public Policy, McGill University Conference on Inflation Targeting Renewal