Troy Davig

Troy Davig

Senior Vice President and Director of Research
Federal Reserve Bank of Kansas City
1 Memorial Drive
Kansas City, Missouri

Biography

As senior vice president and director of research of the Federal Reserve Bank of Kansas City, Troy Davig served as the Bank’s chief economic policy advisor and provided executive oversight for the Bank’s Research Division. 

Previously, Mr. Davig served as senior U.S. economist for Barclays Capital and as an assistant professor at the College of William & Mary. He holds a bachelor of arts in economics from the University of Colorado, Boulder, and a Ph.D. in economics from Indiana University. 

Curriculum Vitae

Professional Journals and Books

  • "Phillips Curve Instability and Optimal Monetary Policy," forthcoming
    Journal of Money, Credit and Banking
  • "Is Optimal Monetary Policy Always Optimal?"
    with Refet S. Gürkaynak, International Journal of Central Banking 11(1): 353-384, 2015
  • "Monetary Policy Regime Shifts and Inflation Persistence"
    with Taeyoung Doh, The Review of Economics and Statistics 96(5): 862-875, 2014
  • "Adaptive Learning in Regime-Switching Models"
    with William A. Branch and Bruce McGough, Macroeconomic Dynamics 17(5): 998-1022, 2013
  • "Temporarily Unstable Government Debt and Inflation"
    with Eric Leeper, International Monetary Fund Economic Review 59: 233-270, 2011
  • "Decomposing the Declining Volatility of Long-Term Inflation Expectations"
    with Todd E. Clark, Journal of Economic Dynamics and Control 35(7): 981-999, 2011
  • "Inflation and the Fiscal Limit"
    with Eric Leeper and Todd Walker, European Economic Review 55(1): 31-47,2011
  • "Monetary-Fiscal Interactions and Fiscal Stimulus"
    with Eric Leeper, European Economic Review 55(2): 211-227,2011
  • "Unfunded Liabilities and Uncertain Fiscal Financing"
    with Eric Leeper and Todd Walker, Journal of Monetary Economics 57(5): 600-619,2010
  • "Generalizing the Taylor Principle: Reply"
    with Eric Leeper, American Economic Review 100(1): 618-624,2010
  • "Monetary-Fiscal Policy Interactions Under Implementable Monetary Policy Rules"
    with William A. Branch and Bruce McGough, Journal of Money, Credit and Banking 40(5),2008
  • "Endogenous Monetary Policy Regime Change"
    with Eric Leeper, NBER International Seminar on Macroeconomics 2006 (Cambridge: MIT Press): 345-377
  • "Generalizing the Taylor Principle"
    with Eric Leeper, American Economic Review 97(3): 607-635, 2007
  • "Monetary and Fiscal Policy Switching"
    with Eric Leeper and Hess Chung, Journal of Money, Credit and Banking 39(4): 809-842, 2007
  • "Change-Points in U.S. Business Cycle Durations"
    Studies in Nonlinear Dynamics and Econometrics 11(2): 2007
  • "Fluctuating Macro Policies and the Fiscal Theory of the Price Level"
    with Eric Leeper, NBER Macroeconomics Annual 2006, ed. D. Acemoglu, K. Rogoff, and M. Woodford, Volume 21: 247-298
  • "State-Dependent Stock Market Reactions to Monetary Policy"
    with Jeff Gerlach, International Journal of Central Banking 2(4): 65-83, 2006
  • "Periodically Expanding Discounted Debt: A Threat to Fiscal Policy Sustainability?"
    Journal of Applied Econometrics 20(7): 829-840, 2005
  • "Regime-Switching Debt and Taxation"
    Journal of Monetary Economics 51(4): 837-859, 2004

The Macro Bulletin