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. pdfUpdated June 2014

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

“Forecast Error Information and Heterogeneous Expectations in Learning to Forecast Experiments” 

resubmitted, Research in Experimental Economics,  pdf

“Recent Developments in Experimental Macroeconomics” with Robert Amano and Oleksiy Kryvtsov, revising for Bank of Canada Review


[2014] “Does Money Illusion Matter: Comment”

with Abel Winn. American Economic Review pdfappendix    published version

Work in Progress

“Combating Liquidity Traps” with Jasmina Arifovic and Andriy Baranskyy

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

“Rationing rules and macroeconomic stability” with Guidon Fenig

“Asset Markets in General Equilibrium” with Erik Kimbrough



Summer 2014

Econ 483: Special Topics in Macroeconomics


Scheduled Seminars and Conferences

American Economic Association Meetings: Boston,

January 3-5, 2015

Luba Petersen