Laurence M. Ball

Laurence M. Ball


Contact Information

Research Interests: Macroeconomics

Education: PhD, MIT

Laurence Ball is Professor of Economics at Johns Hopkins University. He is also a Research Associate at the National Bureau of Economic Research and a consultant for the International Monetary Fund. He has previously been a Visiting Scholar at a number of central banks, including the Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of England, and the Reserve Bank of New Zealand. His research topics include unemployment, inflation, fiscal and monetary policy, and financial regulation, and he is the author of The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster (Cambridge University Press, 2018).

Recent Book

  • "The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster", Cambridge University Press, 2018.

Recent Papers

Non-Technical Writings


  • "Money, Banking, and Financial Markets", 2nd ed., Worth Publishers, 2011.
  • "Macroeconomics and the Financial System" (with N. Gregory Mankiw), Worth Publishers, 2011.


Economics 605 -- Advanced Macroeconomics:
This is a graduate course covering selected topics in macroeconomics. These include nominal rigidities, dynamic-consistency theories of inflation, inflation inertia and the costs of disinflation, monetary policy, costs and benefits of price stability, benefits of output stabilization, alternative policy rules, measuring inflation, unemployment, efficiency-wage theories, the behavior of the NAIRU, macro in middle-income countries, high inflation and stabilization, currency crises.