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

“Distributing scarce jobs and output: experimental evidence on the effects of rationing”, with Guidon Fenig.  pdf

“Escaping Expectations-Driven Liquidity Traps: Experimental Evidence” with Jasmina Arifovic. pdf   (Revised June 2015)

“Expectations and Monetary Policy: Experimental Evidence”               with Oleksiy Kryvtsov.   pdf   ,  appendix    (Revised April 2015)

“Asset Trading and Monetary Policy in Production Economies” 

with Guidon Fenig and Mariya Mileva.   pdfappendix 

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

(resubmitted, June 2015)


[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

“Central Bank Projections” with Fatemeh Mokhtarzadeh



Summer 2015 Teaching

Econ 483: Special Topics in Macroeconomics

2015 Scheduled Seminars and Conferences

NYU Abu Dhabi Seminar,

May 11, 2015

Canadian Experimental and Behavioral Economics Research Group Meetings: Toronto,

May 28-31, 2015

Barcelona GSE Summer Forum on Theoretical and Experimental Macro: June 11-12, 2015

Lyon-LSE GATE Seminar

June 15, 2015

Barcelona GSE Summer Forum on Central Bank Design:

June 19-20, 2015

New York University Seminar,

December 3, 2015

Luba Petersen