Professional Experience

Thomas Lubik is group vice president for macroeconomics and financial economics in the Research Department. Lubik has published his work in numerous academic journals, including the American Economic Review and the Journal of Monetary Economics.

Lubik is an associate editor at two economics journals: the Journal of Economic Dynamics and Control and the Journal of Money, Credit, and Banking. He is also a visiting professor of economics at the University of Adelaide and frequently visits central banks abroad, most recently the Deutsche Bundesbank and the Reserve Bank of New Zealand.

Before joining the Richmond Fed in 2006, Lubik served as an assistant professor of international macroeconomics at Johns Hopkins University.

Education

Ph.D., Yale University, 2000
M.Phil., Yale University, 1998
M.A., Yale University, 1996
Diplom, University of Tübingen (Germany), 1994

Curriculum vitae
Meet an Economist video

"Deep Habits in the New Keynesian Phillips Curve" (with Wing Leong Teo). Journal of Money, Credit and Banking (forthcoming).

"Aggregate Labour Market Dynamics in Hong Kong." Pacific Economic Review 17, no. 2 (May 2012): 257-279.

"Introduction: Dynamic Stochastic General Equilibrium Modelling and the Study of Asia-Pacific Economies" (with Charles Ka Yui Leung). Pacific Economic Review 17, no. 2 (May 2012): 204-207.

"Inventories, Inflation Dynamics and the New Keynesian Phillips Curve" (with Wing Leong Teo). European Economic Review 56, no. 3 (April 2012): 327-346.

"The Lucas Critique and the Stability of Empirical Models" (with Paolo Surico). Journal of Applied Econometrics 25, no. 1 (January/February 2010): 177-194.

"Do Search Frictions Matter for Inflation Dynamics?" (with Michael Krause and David Lopez-Salido). European Economic Review 52, no. 8 (November 2008): 1464-1479.

"Inflation Dynamics with Search Frictions: A Structural Econometric Analysis" (with Michael U. Krause and David Lopez-Salido). Journal of Monetary Economics 55, no. 5 (July 2008): 892-916.

"Do Central Banks Respond to Exchange Rate Movements? A Structural Investigation" (with Frank Schorfheide). Journal of Monetary Economics 54, no. 4 (May 2007): 1069-1087.

"The (Ir)relevance of Real Wage Rigidity in the New Keynesian Model with Search Frictions" (with Michael U. Krause). Journal of Monetary Economics 54, no. 3 (April 2007): 706-727.

"Testing for Indeterminacy: An Application to U.S. Monetary Policy: Reply" (with Frank Schorfheide). American Economic Review 97, no. 1 (March 2007): 530-533.

"An Inventory of Simple Monetary Policy Rules in a New Keynesian Macroeconomic Model" (with Massimiliano Marzo). International Review of Economics and Finance 16, no. 1 (2007): 15-36.

"A Simple, Structural, and Empirical Model of the Antipodean Transmission Mechanism." New Zealand Economic Papers 40, no. 2 (December 2006): 91-126.

"The Cyclical Upgrading of Labor and On-the-Job Search" (with Michael U. Krause). Labour Economics 13, no. 4 (August 2006): 459-477.

"A Bayesian Look at New Open Economy Macroeconomics" (with Frank Schorfheide). NBER Macroeconomics Annual (2006): 313-366.

"Testing for Indeterminacy: An Application to U.S. Monetary Policy" (with Frank Schorfheide). American Economic Review 94, no. 1 (March 2004): 190-217.

"Computing Sunspot Equilibria in Linear Rational Expectations Models" (with Frank Schorfheide). Journal of Economic Dynamics and Control 28, no. 2 (November 2003): 273-285.

Issue	Title	Author(s)
First Quarter 2012	Exchange Rate Volatility in a Simple Model of Firm Entry and FDI	Thomas A. Lubik Katheryn N. Russ
Fourth Quarter 2011	Accounting for the Non-Employment of U.S. Men, 1968-2010	Marianna Kudlyak Thomas A. Lubik Jonathan Tompkins
Third Quarter 2010	Instability and Indeterminacy in a Simple Search and Matching Model	Michael U. Krause Thomas A. Lubik
Fall 2009	Inventories and Optimal Monetary Policy	Thomas A. Lubik Wing Leong Teo
Spring 2009	Estimating a Search and Matching Model of the Aggregate Labor Market	Thomas A. Lubik
Fall 2007	Non-Stationarity and Instability in Small Open Economy Models	Thomas A. Lubik

Paper	Title	Author(s)
12-02 April 2012	Sales, Inventories, and Real Interest Rates: A Century of Stylized Facts	Luca Benati Thomas A. Lubik
11-08 November 2011	Deep Habits in the New Keynesian Phillips Curve	Thomas A. Lubik Wing Leong Teo
11-02 May 2011	Aggregate Labor Market Dynamics in Hong Kong	Thomas A. Lubik
10-12 June 2010	On-the-Job Search and the Cyclical Dynamics of the Labor Market	Michael U. Krause Thomas A. Lubik
10-01 February 2010	Inventories, Inflation Dynamics, and the New Keynesian Phillips Curve	Thomas A. Lubik Wing Leong Teo
08-1 March 2008	Inflation Dynamics with Search Frictions: A Structural Econometric Analysis	Michael U. Krause David Lopez-Salido Thomas A. Lubik
06-5 May 2006	The Lucas Critique and the Stability of Empirical Models	Thomas A. Lubik Paolo Surico

Essay	Title	Author(s)
12-08 August 2012	TARGET2: Symptom, Not Cause, of Eurozone Woes	Thomas A. Lubik Karl Rhodes
11-09 September 2011	Potential Causes and Implications of the Rise in Long-Term Unemployment	Andreas Hornstein Thomas A. Lubik Jessie Romero
11-07 July 2011	Monetary Policy with Unknown Natural Rates	Thomas A. Lubik Jessie Romero
10-01 January 2010	Is the Output Gap a Faulty Gauge for Monetary Policy?	Thomas A. Lubik Stephen Slivinski

Year	Title	Author(s)
2010	The Rise in Long-Term Unemployment: Potential Causes and Implications	Andreas Hornstein Thomas A. Lubik

"The Twisting and Shifting Beveridge Curve."

"Aggregate Hours Adjustment in Frictional Labor Markets" (with Michael Krause).

“On-The-Job Search and the Cyclical Dynamics of the Labor Market” (with Michael U. Krause). Discussion Paper Series 1: Economic Studies 2007/15, Deutsche Bundesbank Research Centre, 2007.

“Does Intra-Firm Bargaining Matter for Business Cycle Dynamics?” (with Michael U. Krause). Discussion Paper Series 1: Economic Studies 2007/17, Deutsche Bundesbank Research Centre, 2007.

“Do World Shocks Drive Domestic Business Cycles? Some Evidence from Structural Estimation” (with Wing Teo). Working Paper 522, Johns Hopkins University, July 2005.

“A Note on Instability and Indeterminacy in Search and Matching Models” (with Michael U. Krause). Working Paper 518, Johns Hopkins University, November 2004.

“Industrial Structure and Monetary Policy in a Small Open Economy.” Working Paper 493, Johns Hopkins University, January 2003.

“Investment Spending, Equilibrium Indeterminacy and the Interactions of Monetary and Fiscal Policy.” Working Paper 490, Johns Hopkins University, January 2003.