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L. Luminita Stevens September 2021 L. Luminita Stevens University of Maryland Tel: (301) 405-3515 Department of Economics Fax: (301) 405-3542 4121C Tydings Hall [email protected] College Park, MD 20742 econweb.umd.edu/~stevens/ Appointments University of Maryland, Department of Economics Associate Professor with Tenure, August 2020 – present Assistant Professor, August 2012 – August 2020 Federal Reserve Bank of Minneapolis, Research Economist, June 2015 – June 2016 Education Columbia University, Ph.D. in Economics, 2012 Thesis: “Essays on Price Adjustment and Imperfect Information” Committee: Michael Woodford (sponsor), Ricardo Reis, Stefania Albanesi, Jaromir Nosal, Stephen Zeldes Dartmouth College, B.A. Economics, Minor in Computer Science, 2003 Phi Beta Kappa, Magna Cum Laude Publications “Individual Differences in the Perception of Probability,” with Mel W. Khaw and Michael Woodford, PLoS Computational Biology (2021) “Price Dispersion and the Border Effect,” with Ryan Chahrour, Journal of Monetary Economics (2020) Comment on “The Optimal Inflation Target and the Natural Rate of Interest” by Andrade et al., Brookings Papers on Economic Activity (2019) “Coarse Pricing Policies,” Review of Economic Studies (2019) 1 “Investor Sophistication and Capital Income Inequality,” with Marcin Kacperczyk and Jaromir Nosal, Journal of Monetary Economics (2018) “Discrete Adjustment to a Changing Environment: Experimental Evidence,” with Mel W. Khaw and Michael Woodford, Journal of Monetary Economics (2017) “Forecasting the Outcome of a Time-varying Bernoulli Process: Data from a Laboratory Experiment,” with Mel W. Khaw and Michael Woodford, Data in Brief (2017) Professional Activities Associate Editor, Journal of Economic Behavior & Organization, December 2019-present Reviewer for: European Research Council, National Science Foundation, Israel Science Foundation Referee for: American Economic Review, American Economic Journal: Microeconomics, Econometrica, Economic Journal, European Economic Review, Games and Economic Behavior, International Economic Review, International Journal of Central Banking, Journal of Economic Behavior and Organization, Journal of Economic Theory, Journal of the European Economic Association, Journal of International Economics, Journal of Monetary Economics, Macroeconomic Dynamics, Management Science, Oxford Economic Papers, Quarterly Journal of Economics, Review of Economic Dynamics, Review of Economic Studies, Review of Economics and Statistics, Review of Financial Studies, Scandinavian Journal of Economics, Theoretical Economics Conference Program Committee Member for: Society for Economic Dynamics Annual Meeting (2016, 2017, 2018), ERMAS (2015) Visiting Scholar, University of Mannheim, Fall 2010 Participant in the Third Lindau Meeting of Nobel Laureates in Economics, August 2008 Discussions “The Optimal Inflation Target and the Natural Rate of Interest” by Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron. Brookings Fall 2019 Conference “Inflation Expectations and Firm Decisions: New Causal Evidence” by Olivier Coibion, Yuriy Gorodnichenko, Tiziano Ropele. NBER Monetary Economics Meeting, November 2018 “Rational Inattention Dynamics: Inertia and Delay in Decision-Making” by Jakub Steiner, Colin Stewart, and Filip Matejka. Conference on Information, Uncertainty and Beliefs, NYU Stern, March 2017 2 “Logit Price Dynamics” by James Costain and Anton Nakov. International Network on Expectations and Coordination (INEXC), New York, February 2014 Conferences and Seminar Presentations 2021: Workshop on Information Acquisition: Theory, Empirics and Applications; Expectations in Dynamic Macroeconomic Models (Plenary Speaker) 2018-19: Barcelona Summer Forum: Stochastic Choice Workshop, SED (Mexico City), 2018 Sloan Nomis Workshop on the Cognitive Foundations of Economic Behavior (Vitznau, Switzerland), Indiana University, Boston College, NBER Monetary Economics Fall Meeting (discussant), Brookings Papers on Economics Activity Fall Conference (discussant), Theory and Experiments in Monetary Economics Conference 2016-17: Barcelona Summer Forum: Information Frictions and Uncertainty in Macroeconomics Workshop, Barcelona Summer Forum: Theoretical and Experimental Macroeconomics Workshop, NBER Summer Institute – Price Dynamics, George Washington University, Maryland, Econometric Society Winter Meetings (Chicago), Workshop of Information Processing and Behavioral Variability (Columbia University), Conference on Information, Uncertainty and Beliefs, NYU Stern (discussant), SED (Edinburgh), Cowles Summer Conference on Macroeconomics (Yale), Conference on Expectations in Dynamic Macroeconomic Models (St. Louis Fed), NBER Workshop on Methods and Applications for DSGE Models (Philadelphia Fed), Symposium on Attentional and Perceptual Foundations of Economic Behavior (Rye Brook, NY), Duke University 2014-15: Maryland, Columbia, FRB New York, Penn State, INEXC (discussant), NBER Asset Pricing Meeting, SED (Toronto), NBER Summer Institute – Household Finance, ERMAS (Cluj), European Finance Association (Lugano), FRB Minneapolis, University of Toronto, New York Area Macro Workshop, IMF-World Bank Seminar 2012-13: AEA Meetings (Chicago), Berkeley, Brown, CREI, Dartmouth, Duke, FRB Boston, FRB Cleveland, FRB New York, FRB San Francisco, Harvard, Maryland, Vanderbilt, Conference on Rational Inattention and Related Theories (CERGE-EI, Prague), Board of Governors, FRB Minneapolis, FRB Philadelphia, Boston College, Holy Cross, SED (Seoul) 2010-11: Center for European Economics Research (Mannheim), Toulouse School of Economics, Midwest Macroeconomics Meetings (Vanderbilt), SED (Ghent), NBER Summer Institute – Price Dynamics, European Meeting of the Econometric Society (Oslo), Norges Bank Grants and Awards Research and Scholarship Award, University of Maryland, 2015 Dean’s Research Initiative, University of Maryland, 2013, 2014 Department Graduate Teaching Award, University of Maryland, 2013, 2014, 2015, 2017 Department Undergraduate Teaching Award, University of Maryland, 2017 3 Teaching ECON 702 Advanced Macroeconomics II (Second-Year Ph.D.), University of Maryland (2013-2015, 2017-2021) ECON 325 Intermediate Macroeconomics (Undergraduate), University of Maryland (2014-2015, 2017-2021) Graduate Advising (field, graduating year, and first placement in parentheses) Chair or Co-Chair: Camilo Morales-Jimenez (Macroeconomics; 2016, Federal Reserve Board) Yiqun Chen (Macroeconomics; 2016, Congressional Budget Office) Dun Jia (Macroeconomics; 2016, Renmin University Hanqing Institute) Donggyu Lee (Macroeconomics; 2021; FRB-New York) Wenbo Yu (Macrofinance) Yi Liu (Macroeconomics) Eugene Oue (Macroeconomics) Committee Member: Sushant Acharya (Macroeconomics; 2013, Federal Reserve Bank of New York) Alvaro Pedraza (Finance; 2014, World Bank) Shu Lin Wee (Macroeconomics; 2014, Carnegie Mellon University) Pablo Cuba-Borda (Macroeconomics; 2015, Federal Reserve Board) Ryan Decker (Macroeconomics; 2015, Federal Reserve Board) Jonathan Kreamer (Macroeconomics; 2015, Florida State University) Jorge Salas (Macroeconomics; 2015, IMF) Ling Zhu (International Finance; 2015, IMF) Maziar Raissi (Applied Mathematics & Statistics; 2016, Brown University Postdoc) John Jairo Leon (Macroeconomics; 2017, Inter-American Development Bank) Scott Ohlmacher (Macroeconomics; 2017, US Census Bureau) Jongho Park (Macroeconomics; 2017, Korea Development Institute) Jake Blackwood (Macroeconomics; 2018, Amherst College) Diyue Guo (Macroeconomics; 2018, Xiamen University) Xing Hong (Macroeconomics; 2019, Dimensional Fund Advisors, Austin TX) Zi-Ying Mao (Econometrics; 2019, Rokos Capital Management) Gustavo Saraiva (Microeconomic Theory; 2019, Pontificia Universidad Catolica de Chile) Hsuan Yu (Macroeconomics; 2019, Central Bank, Republic of China) Hyung Choi (Macroeconomics; 2020, Ministry of Economics & Finance, Government of Korea) Lerong Li (Trade; 2020, University of International Business and Economics) Di Wang (International Finance; 2021, Northern Trust Asset Management) Liang-Chieh Chiu (Macroeconomics) Erika Domotor (Behavioral & Experimental) Undergraduate Advising 4 Gerald Johnson, Honors Thesis Advisor (2014) Leeore Intrator, Honors Thesis Advisor (2021) University of Maryland Service Department Admissions Committee (AY 2021-present) Department Undergraduate Studies Committee (AY 2020) Economics Association of Maryland, Faculty Advisor (AY 2019, 2020) Department Placement Officer (AY 2013, 2014, 2016, 2017) Department Recruitment & Appointment of Assistant Professors (AY 2016) Department Committee on Senior Recruitment (AY 2013, 2014) Department Website Committee (AY 2012) Campus Jury Pool of the Student Honor Council (AY 2012, 2013, 2014) Other Experience Analyst, High Yield Credit Research, Goldman Sachs & Co., New York, NY, 2003-2005 Intern, Hedge Fund Strategies, Goldman Sachs & Co., Princeton, NJ, Summer 2002 Personal: Romanian & U.S. Citizen. 5 .
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