Thomas Lubik is a senior advisor in the Research Department. Lubik provides counsel to senior management and directors on topics such as monetary policy, bank and financial regulation, and the domestic and international economy.
Lubik has published his work in numerous academic journals, including the American Economic Review and the Journal of Monetary Economics. He is the current president of the Society for Computational Economics and serves as editor in chief of the Journal of Economic Dynamics and Control. He is also a visiting professor of economics at the University of Adelaide.
Before joining the Federal Reserve Bank of Richmond in 2006, Lubik served as an assistant professor of international macroeconomics at Johns Hopkins University. He earned his doctorate from Yale University in 2000.
Lubik's research interests include monetary policy, indeterminacy, search and matching in labor markets, open economy macroeconomics, and Bayesian estimation.
"Aggregate Hours Adjustment in Frictional Labor Markets" (with Michael Krause).
"Indeterminacy and Imperfect Information" (with Christian Matthes and Elmar Mertens).
"Fiscal Policy Perceptions in a Behavioral New Keynesian Model" (with Massimiliano Marzo), Annals of Economics and Finance, November 2021, vol. 22, no.2, pp. 255-287.
"Staatsverschuldung und Geldpolitik: Wege aus der Krise [Government Debt and Monetary Policy: Escaping the Crisis]" (with Michael U. Krause), Journal for Economic Policy, April 2021, vol. 70, issue 1, pp. 69-80.
"Staatsverschuldung und Geldpolitik in der Krise: Bedarf es einer 'modernen Geldtheorie'? - Kritische Anmerkungen zur sogenannten Modern Monetary Theory [Government Indebtedness and Monetary Policy in the Crisis: Is There a Need for a 'Modern Monetary Theory'? Critical Comments on the So-called MMT]" (with Michael U. Krause). Policy Brief 1/2021, Institute for Economic Policy at the University of Cologne, January 2021.
"The Risk of Government Indebtedness After Covid-19" (with Michael U. Krause). Policy Brief 5/2020, Institute for Economic Policy at the University of Cologne, September 2020.
"Monetary Policy Tradeoffs and the Federal Reserve's Dual Mandate" (with Andrea Ajello, Isabel Cairó, Vasco Cúrdia and Albert Queralto). Finance and Economics Discussion Series 2020-066, August 2020.
"Target2-Salden im Euro System: Viel Rauch um Nichts? [Target 2 Imbalances in the Euro System: Much Ado about Nothing?]" (with Michael U. Krause). Policy Brief 3/2019, Institute for Economic Policy at the University of Cologne, May 2019.
"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.