​​Working Papers

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

  • "The Effect of Central Bank Credibility on Forward Guidance" (with Enrique Martinez-Garcia)

My Resume

Works in Progress


Stephen J. Cole

  • "Rearming Monetary Policy: A DSGE-VAR Evaluation of Recent Central Bank Action", 2012
  • "The Limits of Central Bank Forward Guidance under Learning", forthcoming at ​International Journal of Central Banking.

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

  • "The Misspecification of Expectations in New Keynesian Models: A DSGE-VAR Approach" (with Fabio Milani), Macroeconomic Dynamics, 2017: 1-34. Click here