Photo of Robert J. Tetlow

Robert J. Tetlow

Education

  • Ph.D., Economics, Carleton University (Ottawa)
  • M.A., Economics, Simon Fraser University
  • B.A., Economics/Commerce, Simon Fraser University
Current Research Topics
  • Financial Stress and Macroeconomic Dynamics
  • Learning, Expectations, and Bubbles
  • Senior Adviser

    Division of Monetary Affairs

    2016 - present
  • Adviser

    Division of Monetary Affairs

    2013 - 2016
  • Senior Economist

    Division of Research and Statistics

    2000 - 2013
  • Visiting Adviser

    Research Department, International Monetary Fund

    2010 - 2011
  • Economist

    Division of Research and Statistics, Board of Governors of the Federal Reserve System

    1995 - 2000
  • Research Officer

    Research Department, Bank of Canada

    1993 - 1995
  • Senior Analyst

    Research Department, Bank of Canada

    1991 - 1993
  • Economist

    Department of Monetary and Financial Analysis, Bank of Canada

    1988 - 1991
  • How Large is the Output Cost of Disinflation?
    Robert J. Tetlow
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.079
  • The Macroeconomic Implications of CBDC: A Review of the Literature
    Sebastian Infante, Kyungmin Kim, Anna Orlik, André F. Silva, and Robert J. Tetlow
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.076
  • The Monetary Policy Response to Uncertain Inflation Persistence
    Robert Tetlow
    Economics Letters (2019)
    https://doi.org/10.1016/j.econlet.2018.10.034
  • The Monetary Policy Response to Uncertain Inflation Persistence
    Robert Tetlow
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2247
  • Some Implications of Uncertainty and Misperception for Monetary Policy
    Christopher Erceg, James Hebden, Michael Kiley, David López-Salido, and Robert Tetlow
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.059
  • The Federal Reserve's Framework for Monetary Policy: Recent Changes and New Questions
    William B. English, J. David López-Salido, and Robert J. Tetlow
    IMF Economic Review (2015)
    https://doi.org/10.1057/imfer.2014.27
    See also » FRB Working Paper (2013)
  • Financial Stress and Economic Dynamics: The Transmission of Crises
    Kirstin Hubrich and Robert Tetlow
    Journal of Monetary Economics (2015)
    https://doi.org/10.1016/j.jmoneco.2014.09.005
    See also » FRB Working Paper (2013)
  • Real-Time Model Uncertainty in the United States: 'Robust' Policies Put to the Test
    Robert J. Tetlow
    International Journal of Central Banking (2015)
    See also » FRB Working Paper (2010)
  • Financial Stress and Economic Dynamics: The Transmission of Crises
    Kirstin Hubrich and Robert J. Tetlow
    Working paper series (European Central Bank) (2014)
    See also » FRB Working Paper (2013)
  • The Challenges of Estimating Potential Output in Real Time: Commentary
    Robert J. Tetlow
    Federal Reserve Bank of St. Louis Review (2009)
  • Robustifying Learnability
    Robert J. Tetlow and Peter von zur Muehlen
    Journal of Economic Dynamics & Control (2009)
    https://doi.org/10.1016/j.jedc.2008.06.005
    See also » FRB Working Paper (2005)
  • Inflation Targeting and Target Instability
    Robert J. Tetlow
    International Journal of Central Banking (2008)
    See also » FRB Working Paper (2000)
  • Real-Time Model Uncertainty in the United States - the Fed from 1996-2003
    Robert J. Tetlow and Brian Ironside
    Journal of Money, Credit and Banking (2007)
    https://doi.org/10.1111/j.1538-4616.2007.00078.x
    See also » FRB Working Paper (2006)
  • On the Robustness of Simple and Optimal Monetary Policy Rules: Discussion
    Robert J. Tetlow
    Journal of Monetary Economics (2007)
    https://doi.org/10.1016/j.jmoneco.2007.06.014
  • Monetary Policy, Asset Prices and Misspecification
    Robert Tetlow
    Issues in Inflation Targeting, proceedings of a conference of the Bank of Canada (2005)
  • Optimal Policy Projections
    Lars E. O. Svensson and Robert J. Tetlow
    International Journal of Central Banking (2005)
    See also » FRB Working Paper (2005)
  • Optimal Policy Projections
    Lars O. Svensson and Robert J. Tetlow
    NBER Working Paper Series (2005)
    https://doi.org/10.3386/w11392
    See also » FRB Working Paper (2005)
  • Avoiding Nash Inflation: Bayesian and Robust Responses to Model Uncertainty
    Robert Tetlow and Peter von zur Muehlen
    Review of Economic Dynamics (2004)
    https://doi.org/10.1016/j.red.2004.06.001
    See also » FRB Working Paper (2003)
  • Robust Monetary Policy with Misspecified Models: Does Model Uncertainty Always Call for Attenuated Policy?
    Robert J. Tetlow and Peter von zur Muehlen
    Journal of Economic Dynamics & Control (2001)
    https://doi.org/10.1016/S0165-1889(00)00061-0
    See also » FRB Working Paper (2000)
  • Simplicity versus Optimality: The Choice of Monetary Policy Rules When Agents Must Learn
    Robert J. Tetlow and Peter von zur Muehlen
    Journal of Economic Dynamics & Control (2001)
    https://doi.org/10.1016/S0165-1889(99)00075-5
    See also » FRB Working Paper (1999)
  • Errors in the Measurement of the Output Gap and the Design of Monetary Policy
    Athanasios Orphanides, Richard D. Porter, David Reifschneider, Robert Tetlow, and Frederico Finan
    Journal of Economics & Business (2000)
    https://doi.org/10.1016/S0148-6195(99)00031-4
    See also » FRB Working Paper (1999)
  • Optimal Control of Large, Forward-Looking Models: Efficient Solutions and Two Examples
    Frederico S. Finan and Robert Tetlow
    Finance and Economics Discussion Series (1999)
    https://doi.org/10.17016/FEDS.1999.51
  • Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective
    David Reifschneider, Robert Tetlow, and John Williams
    Federal Reserve Bulletin (1999)
    https://doi.org/10.17016/bulletin.1999.85-1-1
  • A Guide to FRB/US: A Macroeconomic Model of the United States
    Flint Brayton, Peter A. Tinsley, Antulio N. Bomfim, David Reifschneider, Peter Von zur Muehlen, Robert J. Tetlow, and John C. Williams
    Finance and Economics Discussion Series (1997)
    https://doi.org/10.17016/FEDS.1996.42
  • Expectations, Learning, and the Costs of Disinflation: Experiments using the FRB/US Model
    Antulio N. Bomfim, Robert Tetlow, Peter von zur Muehlen, and John Williams
    Monetary Policy and the Inflation Process, BIS Conference Papers (1997)
    See also » FRB Working Paper (1997)
  • The Dynamic Model: QPM
    Robert Tetlow, Donald Coletti, Ben Hunt, and David Rose
    Part 3 of The Bank of Canada's New Quarterly Projection Model (1996)
  • Government Debt and Deficits in Canada: A Macro Simulation Analysis
    Tiff Macklem, David Rose, and Robert Tetlow
    Staff Working Paper (Bank of Canada) (1995)
  • The Steady-State Model: SSQPM
    Robert Tetlow, Richard Black, Douglas Laxton, and David Rose
    Part 1 of The Bank of Canada's New Quarterly Projection Model (1994)
  • Zero-Inflation or Price-Level Targeting? Some Answers from Stochastic Simulations on a Small Open-Economy Macro Model
    Jean-Francois Fillion and Robert Tetlow
    Economic behaviour and policy choice under price stability (1994)
  • Government Debt and Deficits in Canada: A Macro Simulation Analysis
    Tiff Macklem, David Rose, and Robert Tetlow
    Deficit reduction: What pain, what gain? (1994)
  • Monetary Policy, Uncertainty and the Presumption of Linearity
    Douglas Laxton, David Rose, and Robert Tetlow
    Technical Reports (Bank of Canada) (1993)
  • Government Debt in an Open Economy
    Douglas Laxton and Robert Tetlow
    Technical Reports (Bank of Canada) (1992)
  • A Simple Multivariate Filter for the Measurement of Potential Output
    Douglas Laxton and Robert Tetlow
    Technical Reports (Bank of Canada) (1992)
  • conference

    April 2016

    CEPR conference, Frankfurt

    Model Uncertainty and Policy Advice

  • seminar

    March 2020

    Reserve Bank of New Zealand

    The Federal Reserve's Monetary Policy Framework Review

  • conference

    July 2022

    Canadian Economics Association annual conference

    The Dynamics of Consumption, Income and Wealth: an endogenous regime-switching approach

  • conference

    September 2014

    Advances in Applied Macro-Finance and Forecasting

    Melting Down: Systemic Financial Instability and the Macroeconomy

  • seminar

    September 2014

    Istanbul School of Central Banking, Istanbul, Turkey

    An Introduction to the FRB/US Model of the U.S. Economy

  • conference

    January 2013

    American Economics Association meetings, San Diego

    Real-time Model Uncertainty in the United States: 'Robust' policies put to the test

  • conference

    July 2011

    NBER Summer Institute

    Financial Stress and Macroeconomic Dynamics: the transmission of crises

  • conference

    October 2009

    FRB-Cleveland conference on "Models and Policies for Economies with Credit and Financial Instability

    Discussion of "Banks, Market Organization and Macroeconomic Performance: an agent-based computational analysis" by Ashraf, Gershman and Howitt

  • conference

    October 2009

    FRB Conference on Key Developments in Monetary Economics

    Discussion of "Wanting Robustness to Misspecification" by Lars P. Hansen and Thomas Sargent

  • conference

    October 2008

    33rd Annual Policy Conference of the FRB-St.Louis

    Discussion of "The Pitfalls of Measuring Potential Output in Real Time" by Robert Arnold

  • conference

    May 2008

    2008 World Congress on National Accounts and Economic Performance Measures

    Some Implications of Mismeasurement for Model Uncertainty and Monetary Policy

  • conference

    July 2015

    NBER Summer Institute

    Melting Down: Systemic Financial Instability and the Macroeconomy

Conference Organization
  • June 2005 | Washington, D.C.

    Computing in Economics and Finance 2005

    Co-organizer

  • April 2003 | Washington, D.C.

    Central Bankers' Workshop on Macromodeling

    Co-organizer

Referee
  • American Economic Review
  • American Economic Journal: Macroeconomics
  • European Economic Review
  • Journal of the European Economic Association
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
  • International Journal of Central Banking
  • Journal of Economic Dynamics & Control
  • Review of Economic Dynamics
  • Theoretical Economics
  • Handbook of Monetary Economics
  • Oxford Economic Papers
  • Journal of Economic Surveys
  • International Finance
  • Journal of Macroeconomics
  • Manchester School
  • Computational Economics
  • Economic Inquiry
Professional Affiliation
  • President, Society for Computational Economics, 2010-2011
  • Member, Advisory Committee, Society for Computational Economics, 2005-
  • Member, American Economic Association
  • Member, Society for Economic Dynamics
  • Member, Canadian Economics Association
  • Member, International Association for Applied Econometrics
  • Advisory Committee, Dynare software group, Paris
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Last Update: August 2, 2024