My research focuses on expectations and decision making in macroeconomic environments. I enjoy developing creative ways of implementing macroeconomies 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


“Economic Stability and Rationing Rules”, with Guidon Fenig    pdf 


“Escaping Expectations-Driven Liquidity Traps: Experimental Evidence” with Jasmina Arifovic.  pdf


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


“Asset Trading and Monetary Policy in Production Economies” 

with Guidon Fenig and Mariya Mileva.   pdfappendix 


“Do Expectations and Decisions Respond to Monetary Policy?”   pdf


“How Robust are Forecasting Heuristics?: Evidence from Learning-to-Forecast Experiments” (available upon request)



Publications


[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 Reviewpdf


[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


“Individual and Social Evolutionary Learning in Liquidity Traps” with Jasmina Arifovic


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


“Asset Markets in General Equilibrium” with Taylor Jaworski and Erik Kimbrough


“Consumption Smoothing and Monetary Policy” with Johann Scharler and Martin Greiger


“Rating Agencies” with Jeanpaul Rabanal and Olya Rabanal





























 


C.V.


2015 Scheduled Seminars and Conferences


American Economic Association Meetings: Boston,

January 3-5, 2015


Lyon-LSE GATE Seminar

June 15, 2015



Luba Petersen