Jennifer La’O joined the Federal Reserve Bank of Minneapolis as a monetary advisor in 2020. She is also an associate professor in Columbia University’s Department of Economics and a faculty research fellow at the National Bureau of Economic Research, where she is affiliated with its Economic Fluctuations and Growth and Monetary Economics programs. Previously, she was an assistant professor at the University of Chicago’s Booth School of Business and a visiting fellow at the Stanford Institute for Economic Policy Research.
Jennifer received her bachelor’s and Ph.D. degrees from the Massachusetts Institute of Technology. Her research focuses on macroeconomics. Jennifer’s interests include the effects of informational and financial frictions on the business cycle and the aggregate implications of distortions in production networks.
Jennifer’s work has appeared in journals such as Econometrica, the Journal of Political Economy, and the American Economic Review. In 2016, she was a recipient of a National Science Foundation CAREER award.”
Publications
Learning Over the Business Cycle: Policy Implications
2020 | Journal of Economic Theory, 190: article 105115 | With George-Marios Angeletos and Luigi Iovino
Distortions in Production Networks
2020 | Quarterly Journal of Economics, 135(4): 2187-2253 | With Saki Bigio
Optimal Monetary Policy with Informational Frictions
2020 | Journal of Political Economy, 128(3): 1027-1064 | With George-Marios Angeletos
Comment on "Monetary Policy Analysis When Planning Horizons Are Finite" by Michael Woodford
2019 | NBER Macroeconomics Annual 2018, Vol. 33: 51-66
Real Rigidity, Nominal Rigidity, and the Social Value of Information
2016 | American Economic Review, 106(1): 200-227 | With George-Marios Angeletos and Luigi Iovino
Predatory Trading, Stigma and the Fed's Term Auction Facility
2014 | Journal of Monetary Economics, 65: 57-75
Sentiments
2013 | Econometrica, 81(2): 739-780 | With George‐Marios Angeletos
Noisy Business Cycles
2010 | NBER Macroeconomics Annual 2009, Vol. 24: 319-378 | With George‐Marios Angeletos
Incomplete Information, Higher-Order Beliefs and Price Inertia
2009 | Journal of Monetary Economics, 56(S): S19-S37 | With George-Marios Angeletos