Thomas Laubach
Datos Biográficos
| ID | 1154382 |
|---|---|
| NOMBRE | Thomas Laubach |
| NOMBRES | Thomas |
| APELLIDO | Laubach |
| FIRMA | LAUBACH T |
| AFILIACIONES | Federal Reserve Board of Governors |
| ORCID | 0000-0003-0471-4740 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 6 |
| TOTAL DE CITAS | 3 |
| TOTAL COMO AUTOR | 5 |
| TOTAL COMO EDITOR | 1 |
| PRIMER AÑO DE PUBLICACIÓN | 1999 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2021 |
| ÍNDICE H | 1 |
Zeichenlandschaften
Ob »spatial« oder »topographical turn« – »Raum« erfreut sich in den Geistes- und Kulturwissenschaften gegenwärtig hoher Aufmerksamkeit. Er wird als »Semiosphäre« der Einschreibung wahrgenommen – auch und gerade in Bezug auf religiöse Bedeutungen. Die Beiträge im Sammelband widmen sich aus theologischer und philosophischer Perspektive, aber auch in interdisziplinärer Hinsicht Raumkonstellationen religiöser Semiosen – unter anderem der theologisch …
The Expectations-driven US Current Account
Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region stochastic growth model simulated using expected trend growth filtered from observed productivity. In line with the intertemporal approach to the current a…
Measuring the Natural Rate of Interest
The natural rate of interest—the real interest rate consistent with output equaling its natural rate and stable inflation—plays a central role in macroeconomic theory and monetary policy. Estimation of the natural rate of interest, however, has received little attention. We apply the Kalman filter to estimate jointly time-varying natural rates of interest and output and trend growth. We find a close link between the natural rate of interest and t…
Measuring the Nairu
Several specifications of state-space models are used to obtain estimates of the NAIRU for the G7 except Japan, plus Australia, over the past 28 years. A Phillips curve-type regression is shown to deliver estimates that do not mimic low-frequency movements in unemployment rates, even when a drift is included in the specification of the NAIRU. Standard errors around the estimates are extremely large. Using information about the behavior of unemplo…
Missing the Mark
James K. Galbraith takes our book, Inflation Targeting: Lessons from the In ternational Experience, as the jumping-off point for a screed against obsession with price stability (The Inflation Obsession: Flying in the Face of the Facts, January/ February 1999). He does Foreign Affairs readers a disservice by misrepresenting our argument and, as a result, leaves them uninformed about perhaps the most important current debate on the conduct of monet…
The Inflation Obsession
Missing the Mark
James K. Galbraith takes our book, Inflation Targeting: Lessons from the In ternational Experience, as the jumping-off point for a screed against obsession with price stability (The Inflation Obsession: Flying in the Face of the Facts, January/ February 1999). He does Foreign Affairs readers a disservice by misrepresenting our argument and, as a result, leaves them uninformed about perhaps the most important current debate on the conduct of monet…
The Inflation Obsession
Missing the Mark
James K. Galbraith takes our book, Inflation Targeting: Lessons from the In ternational Experience, as the jumping-off point for a screed against obsession with price stability (The Inflation Obsession: Flying in the Face of the Facts, January/ February 1999). He does Foreign Affairs readers a disservice by misrepresenting our argument and, as a result, leaves them uninformed about perhaps the most important current debate on the conduct of monet…
The Inflation Obsession
Measuring the Nairu
Several specifications of state-space models are used to obtain estimates of the NAIRU for the G7 except Japan, plus Australia, over the past 28 years. A Phillips curve-type regression is shown to deliver estimates that do not mimic low-frequency movements in unemployment rates, even when a drift is included in the specification of the NAIRU. Standard errors around the estimates are extremely large. Using information about the behavior of unemplo…
Measuring the Natural Rate of Interest
The natural rate of interest—the real interest rate consistent with output equaling its natural rate and stable inflation—plays a central role in macroeconomic theory and monetary policy. Estimation of the natural rate of interest, however, has received little attention. We apply the Kalman filter to estimate jointly time-varying natural rates of interest and output and trend growth. We find a close link between the natural rate of interest and t…
The Expectations-driven US Current Account
Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region stochastic growth model simulated using expected trend growth filtered from observed productivity. In line with the intertemporal approach to the current a…
Zeichenlandschaften
Ob »spatial« oder »topographical turn« – »Raum« erfreut sich in den Geistes- und Kulturwissenschaften gegenwärtig hoher Aufmerksamkeit. Er wird als »Semiosphäre« der Einschreibung wahrgenommen – auch und gerade in Bezug auf religiöse Bedeutungen. Die Beiträge im Sammelband widmen sich aus theologischer und philosophischer Perspektive, aber auch in interdisziplinärer Hinsicht Raumkonstellationen religiöser Semiosen – unter anderem der theologisch …
Economics (5 obras) · Macroeconomics (4 obras) · Econometrics (3 obras) · Inflation (cosmology) (3 obras) · Keynesian economics (3 obras) · Monetary Policy and Economic Impact (3 obras) · Economic Growth and Productivity (2 obras) · Economic Theory and Policy (2 obras) · Global Financial Crisis and Policies (2 obras) · Mathematics (2 obras)