Research Interests for Cosmin L. Ilut

Professor Ilut’s major fields of interest are macroeconomics, international finance, asset pricing, and economics of information. Specifically, he focuses on the role of expectations and how agents incorporate information. He is currently focusing on settings in which agents face model uncertainty. Based on decision theoretical foundations (ambiguity aversion), he studies the role of such uncertainties for understanding macroeconomic issues like business cycle fluctuations, asset pricing and optimal policy.

Recent Publications

1. Bianchi, F; Ilut, C; Saijo, H, Diagnostic Business Cycles, Review of Economic Studies, vol. 91 no. 1 (January, 2024), pp. 129-162 [doi] [abs]
2. Ilut, C; Valchev, R, Economic Agents as Imperfect Problem Solvers, Quarterly Journal of Economics, vol. 138 no. 1 (February, 2023), pp. 313-362 [doi] [abs]
3. Ilut, C; Schneider, M, Ambiguity, in Handbook of Economic Expectations (January, 2022), pp. 749-777, ISBN 9780128234761 [doi] [abs]
4. Ilut, C; Saijo, H, Learning, confidence, and business cycles (January, Submitted, 2021), pp. 354-376 [doi] [abs]
5. Ilut, C; Valchev, R; Vincent, N, Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty (September, Submitted, 2020), pp. 1899-1938 [doi] [abs]