• "Heterogeneity in Individual Expectations, Optimism/Pessimism, and Constant-Gain Learning" (with Fabio Milani)​

My Resume

Working Papers

Works in Progress

Stephen J. Cole

Published/Forthcoming/Accepted



  • "Rearming Monetary Policy: A DSGE-VAR Evaluation of Recent Central Bank Action", 2012
  • "The Misspecification of Expectations in New Keynesian Models: A DSGE-VAR Approach" (with Fabio Milani), Macroeconomic Dynamics, 2017: 1-34. Click here


  • "The Effectiveness of Central Bank Forward Guidance under Inflation and Price-Level targeting" Journal of Macroeconomics, 55, 2018:146-161. Click here