Details about Troy Davig

Access statistics for papers by Troy Davig.

Last updated 2022-10-26. Update your information in the RePEc Author Service.

Short-id: pda131

Working Papers

2021

1. Communicating Monetary Policy Rules
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in Research Working Paper, Federal Reserve Bank of Kansas City (2017)
   2017 Meeting Papers, Society for Economic Dynamics (2017)

2018

2. Uncertainty and Fiscal Cliffs
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (10)
   Research Working Paper, Federal Reserve Bank of Kansas City (2014) View citations (14)
   2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (4)

2016

3. Recession forecasting using Bayesian classification
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)

2015

4. Is Optimal Monetary Policy Always Optimal?
   CESifo Working Paper Series, CESifo View citations (11)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (11)
   CFS Working Paper Series, Center for Financial Studies (CFS) (2015) View citations (11)
   Research Working Paper, Federal Reserve Bank of Kansas City (2015) View citations (10)
   See also Journal Article Is Optimal Monetary Policy Always Optimal?, International Journal of Central Banking, International Journal of Central Banking (2015) View citations (11) (2015)

2014

5. Connecting “The Dots”: Disagreement in the Federal Open Market Committee
   Liberty Street Economics, Federal Reserve Bank of New York

2011

6. Temporarily Unstable Government Debt and Inflation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
   See also Journal Article Temporarily Unstable Government Debt and Inflation, IMF Economic Review, Palgrave Macmillan (2011) View citations (12) (2011)

2010

7. "Unfunded Liabilities" and Uncertain Fiscal Financing
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)
   Also in Research Working Paper, Federal Reserve Bank of Kansas City (2010) View citations (51)
   See also Journal Article "Unfunded liabilities" and uncertain fiscal financing, Journal of Monetary Economics, Elsevier (2010) View citations (69) (2010)
8. Inflation and the Fiscal Limit
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (3)
   See also Journal Article Inflation and the fiscal limit, European Economic Review, Elsevier (2011) View citations (87) (2011)

2009

9. Decomposing the declining volatility of long-term inflation expectations
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)
   See also Journal Article Decomposing the declining volatility of long-term inflation expectations, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (40) (2011)
10. Monetary Policy Regime Shifts and Inflation Persistence
    2009 Meeting Papers, Society for Economic Dynamics View citations (13)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2008) View citations (56)
    See also Journal Article Monetary Policy Regime Shifts and Inflation Persistence, The Review of Economics and Statistics, MIT Press (2014) View citations (56) (2014)
11. Monetary-Fiscal Policy Interactions and Fiscal Stimulus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (44)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (66)
    Research Working Paper, Federal Reserve Bank of Kansas City (2009) View citations (25)
    See also Journal Article Monetary-fiscal policy interactions and fiscal stimulus, European Economic Review, Elsevier (2011) View citations (280) (2011)
12. Reply to "Generalizing the Taylor Principle: A Comment"
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2009)

2008

13. An empirical assessment of the relationships among inflation and short- and long-term expectations
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (14)

2007

14. Expectational stability in regime-switching rational expectations models
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
15. Phillips curve instability and optimal monetary policy
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (5)
    See also Journal Article Phillips Curve Instability and Optimal Monetary Policy, Journal of Money, Credit and Banking, Blackwell Publishing (2016) View citations (8) (2016)

2006

16. Endogenous Monetary Policy Regime Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    Also in CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington (2006) View citations (43)
    Research Working Paper, Federal Reserve Bank of Kansas City (2006) View citations (15)
    See also Chapter Endogenous Monetary Policy Regime Change, NBER Chapters, National Bureau of Economic Research, Inc (2008) View citations (19) (2008)
17. Generalizing the Taylor Principle
    CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (32)
    Research Working Paper, Federal Reserve Bank of Kansas City (2005) View citations (21)
    See also Journal Article Generalizing the Taylor Principle, American Economic Review, American Economic Association (2007) View citations (316) (2007)
18. Monetary Policy, the Bond Market, and Changes in FOMC Communication Policy
    Working Papers, Department of Economics, College of William and Mary

2005

19. An Interpretation of Fluctuating Macro Policies
    Computing in Economics and Finance 2005, Society for Computational Economics
20. Fluctuating Macro Policies and the Fiscal Theory
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
    See also Chapter Fluctuating Macro Policies and the Fiscal Theory, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (88) (2007)
21. Monetary and fiscal policy switching
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (6)
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (22)
    Econometric Society 2004 North American Summer Meetings, Econometric Society (2004) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (28)
    See also Journal Article Monetary and Fiscal Policy Switching, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (134) (2007)

Journal Articles

2023

1. Evaluating Monetary Policy with Inflation Bands and Horizons
   FRBSF Economic Letter, 2023, 2023, (05), 6

2017

2. Forecasting the Stance of Monetary Policy under Balance Sheet Adjustments
   Macro Bulletin, 2017, 1-4

2016

3. Phillips Curve Instability and Optimal Monetary Policy
   Journal of Money, Credit and Banking, 2016, 48, (1), 233-246 View citations (8)
   See also Working Paper Phillips curve instability and optimal monetary policy, Research Working Paper (2007) View citations (5) (2007)
4. Tracking Consumer Credit Trends
   Macro Bulletin, 2016, 1-4

2015

5. Bank consolidation and merger activity following the crisis
   Economic Review, 2015, (Q I), 31-49 View citations (16)
6. Evaluating a Year of Oil Price Volatility
   Economic Review, 2015, (Q III), 5-30 View citations (7)
   Also in Macro Bulletin, 2015, 1-3 (2015) View citations (7)
7. Is Optimal Monetary Policy Always Optimal?
   International Journal of Central Banking, 2015, 11, (4), 353-382 View citations (11)
   See also Working Paper Is Optimal Monetary Policy Always Optimal?, CESifo Working Paper Series (2015) View citations (11) (2015)

2014

8. Accounting for changes in the U.S. budget deficit
   Macro Bulletin, 2014, 1-2
   Also in Economic Review, 2014, (Q IV), 5-28 (2014)
9. Consumer debt dynamics: an update
   Macro Bulletin, 2014, 1-2 View citations (1)
10. Monetary Policy Regime Shifts and Inflation Persistence
    The Review of Economics and Statistics, 2014, 96, (5), 862-875 View citations (56)
    See also Working Paper Monetary Policy Regime Shifts and Inflation Persistence, 2009 Meeting Papers (2009) View citations (13) (2009)
11. The wage cycle and shadow labor supply
    Macro Bulletin, 2014, 1-2

2013

12. ADAPTIVE LEARNING IN REGIME-SWITCHING MODELS
    Macroeconomic Dynamics, 2013, 17, (5), 998-1022 View citations (17)
13. The shadow labor supply and its implications for the unemployment rate
    Economic Review, 2013, (Q III), 5-29
    Also in Macro Bulletin, 2013, 1-2 (2013)

2012

14. The changing policy landscape: an introduction to the 2012 “Economic Policy Symposium”
    Proceedings - Economic Policy Symposium - Jackson Hole, 2012, xxiii-xxxi

2011

15. Decomposing the declining volatility of long-term inflation expectations
    Journal of Economic Dynamics and Control, 2011, 35, (7), 981-999 View citations (40)
    See also Working Paper Decomposing the declining volatility of long-term inflation expectations, Research Working Paper (2009) View citations (2) (2009)
16. Inflation and the fiscal limit
    European Economic Review, 2011, 55, (1), 31-47 View citations (87)
    See also Working Paper Inflation and the Fiscal Limit, NBER Working Papers (2010) View citations (8) (2010)
17. Monetary-fiscal policy interactions and fiscal stimulus
    European Economic Review, 2011, 55, (2), 211-227 View citations (280)
    See also Working Paper Monetary-Fiscal Policy Interactions and Fiscal Stimulus, CEPR Discussion Papers (2009) View citations (44) (2009)
18. Temporarily Unstable Government Debt and Inflation
    IMF Economic Review, 2011, 59, (2), 233-270 View citations (12)
    See also Working Paper Temporarily Unstable Government Debt and Inflation, NBER Working Papers (2011) View citations (13) (2011)

2010

19. "Unfunded liabilities" and uncertain fiscal financing
    Journal of Monetary Economics, 2010, 57, (5), 600-619 View citations (69)
    See also Working Paper "Unfunded Liabilities" and Uncertain Fiscal Financing, NBER Working Papers (2010) View citations (61) (2010)
20. Generalizing the Taylor Principle: Reply
    American Economic Review, 2010, 100, (1), 618-24 View citations (12)
21. What is the effect of financial stress on economic activity
    Economic Review, 2010, 95, (Q II), 35-62 View citations (64)

2008

22. Detecting recessions in the Great Moderation: a real-time analysis
    Economic Review, 2008, 93, (Q IV), 5-33 View citations (2)
23. Monetary-Fiscal Policy Interactions under Implementable Monetary Policy Rules
    Journal of Money, Credit and Banking, 2008, 40, (5), 1095-1102 View citations (13)

2007

24. Change-Points in U.S. Business Cycle Durations
    Studies in Nonlinear Dynamics & Econometrics, 2007, 11, (2), 23 View citations (10)
25. Generalizing the Taylor Principle
    American Economic Review, 2007, 97, (3), 607-635 View citations (316)
    See also Working Paper Generalizing the Taylor Principle, CAEPR Working Papers (2006) View citations (9) (2006)
26. Monetary and Fiscal Policy Switching
    Journal of Money, Credit and Banking, 2007, 39, (4), 809-842 View citations (134)
    See also Working Paper Monetary and fiscal policy switching, Research Working Paper (2005) View citations (6) (2005)

2006

27. Middle-income tax rates: trends and prospects
    Economic Review, 2006, 91, (Q IV), 5-30
28. State-Dependent Stock Market Reactions to Monetary Policy
    International Journal of Central Banking, 2006, 2, (4) View citations (9)

2005

29. Periodically expanding discounted debt: a threat to fiscal policy sustainability?
    Journal of Applied Econometrics, 2005, 20, (7), 829-840 View citations (48)

2004

30. Regime-switching debt and taxation
    Journal of Monetary Economics, 2004, 51, (4), 837-859 View citations (116)

Chapters

2008

1. Endogenous Monetary Policy Regime Change
   A chapter in NBER International Seminar on Macroeconomics 2006, 2008, pp 345-391 View citations (19)
   See also Working Paper Endogenous Monetary Policy Regime Change, National Bureau of Economic Research, Inc (2006) View citations (53) (2006)

2007

2. Fluctuating Macro Policies and the Fiscal Theory
   A chapter in NBER Macroeconomics Annual 2006, Volume 21, 2007, pp 247-316 View citations (88)
   See also Working Paper Fluctuating Macro Policies and the Fiscal Theory, National Bureau of Economic Research, Inc (2005) View citations (81) (2005)