• "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

• "The Limits of Central Bank Forward Guidance under Learning", 2016 (Under Review)

• "Learning and the Effectiveness of Central Bank Forward Guidance", 2015 (Under Review)
  
  • Older Version: (January 2015 Draft)
    

• "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
  
  •  Working Paper Version

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