Thomas Laubach (economist)

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Thomas Laubach (* 1965 ) is a German economist and research professor at the Deutsche Bundesbank . He was Dean of Macroeconomics at Goethe University Frankfurt and is now a senior official in the US Federal Reserve System (Fed) .

education

After his diploma in economics at the University of Bonn Laubach moved in 1993 to Princeton University to New Jersey , where he in 1995 the title of MBAs and 1997 to the Doctor ( Ph.D. ) acquired.

US Federal Reserve System / Goethe University Frankfurt

From 2000 to 2005, Laubach was an economist for the Federal Reserve Bank of Kansas City in Kansas City, Missouri . From 2005 to 2008 he was chief advisor to the board of directors of the Fed of Kansas, which is also a member of the Federal Boards of Governors (FED). In April 2008 he was offered a chair in Germany. Until February 2012 he was Professor of Macroeconomics and Dean of Economics at Goethe University Frankfurt . Then he returned to the Fed. At the Federal Center in Washington, DC , he was 2015 Associate Director (Deputy. Head of Cabinet , u. A. Of Fed Chairman Ben Bernanke ) in the Federal Board of Governors and associate director of the Federal Open Market Committee (dt .: Open Market Committee ), the main body of the Fed, which conducts the monetary policy of the United States. Laubach has been Director of the Board of Governors of the Federal Reserve System since 2015 (Chief Advisor / Head of Cabinet to Federal Reserve President Janet Yellen ). In this position he carries u. a. Responsible for the preparation and implementation of the planned US interest rate turnaround and the orderly transition from a very expansionary to a normalized monetary policy.

Research priorities

Laubach has been Research Professor at the Deutsche Bundesbank since August 2008 and Research Visitor at the ECB in Frankfurt a. M. Laubach's main research interests are monetary policy, especially with incomplete information, and the role of monetary and fiscal policy in modern industrialized countries. The main topics include the communication strategy of the US Open Market Committee and questions relating to the connection between interest rate policy and financial stability in the US.

Works

  • Disciplined discretion. Monetary targeting in Germany and Switzerland (1997), Princeton , NJ: Internat Finance Sect., Dep. of Economics, Princeton University Press .
  • Optimal-Control Monetary Policy in the FRBUS Model (2014), with Brayton Flint / David Reifschneider.
  • The FRB / US Model: A Tool for Macroeconomic Policy Analysis (2014), with Brayton Flint / David Reifschneider.
  • Trend growth expectations and US house prices before and after the crisis (2012), with Mathias Hoffmann, Frankfurt a. M. , Deutsche Bundesbank Press and Public Relations Div. (Ed.).
  • Long-run growth expectations and "global imbalances" (2011), with Mathias Hoffmann, Frankfurt a. M. , Frankfurt University Press (Ed.).
  • Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk. National Bureau of Economic Research (2011).
  • Inflation targeting - lessons from the international experience (1999), with Ben S. Bernanke , Adam Posen , Frederic Mishkin , New Jersey: Princeton University Press.

Web links

Individual evidence

  1. ↑ Thomas Laubach becomes chief advisor to the Fed , Department of Economics, Goethe University Frankfurt , on January 12, 2015, last accessed on June 30, 2015
  2. ↑ a b Works by and about Thomas Laubach  in the German Digital Library , accessed on June 30, 2015
  3. ↑ a b c curriculum vitae , Department of Economics, Goethe University Frankfurt , last accessed on June 30, 2015
  4. ↑ a b c d Thomas Laubach. Director Program Direction Section Monetary Affairs. , Federal Reserve , January 23, 2012, last accessed June 30, 2015
  5. ↑ a b Thomas Laubach becomes advisor at the US Federal Reserve , Faculty of Economics, Goethe University Frankfurt , from June 12, 2015, last accessed on June 30, 2015
  6. ↑ Thomas Laubach German economist will pull the strings at the US Federal Reserve , Wall Street Journal , January 1, 2015, last accessed on June 30, 2015
  7. ↑ German economist prepares America's interest rate turnaround , Manager-Magazin , January 8, 2015, last accessed on June 30, 2015
personal data
SURNAME Laubach, Thomas
BRIEF DESCRIPTION German economist
DATE OF BIRTH 1965