Troy Davig is an Assistant Vice President and Economist in the Economic Research Department. Troy joined the Federal Reserve Bank of Kansas City in August 2005 as an Economist. His research focuses on the implications of different monetary and fiscal policy regimes, sustainability issues associated with fiscal policy and monetary-fiscal interactions. He received his Ph.D. in economics from Indiana University in 2002 and was an assistant professor at the College of William & Mary before joining the Research Department.

Publications in professional journals and books

"Monetary-Fiscal Policy Interactions Under Implementable Monetary Policy Rules," with William A. Branch and Bruce McGough, Journal of Money, Credit, and Banking, forthcoming.

"Generalizing the Taylor Principle," with Eric M. Leeper, American Economic Review, 97(3): 607-635, June 2007.

"Change-Points in U.S. Business Cycle Durations," Studies in Nonlinear Dynamics and Econometrics 11(2), 2007.

"Endogenous Monetary Policy Regime Change," with Eric M. Leeper, NBER International Seminar on Macroeconomics 2006.

"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.

"Monetary and Fiscal Policy Switching," with Eric Leeper and Hess Chung, Journal of Money, Credit, and Banking 39(4) : 809-842, June 2007.

"State-Dependent Stock Market Reactions to Monetary Policy," with Jeff Gerlach, International Journal of Central Banking, December 2006.

"Periodically Expanding Discounted Debt: A Threat to Fiscal Policy Sustainability?" Journal of Applied Econometrics, December 2005.

"Regime-Switching Debt and Taxation," Journal of Monetary Economics, May 2004.

Federal Reserve Bank of Kansas City Economic Review articles

"Middle-Income Tax Rates: Trends and Prospects," with C. Alan Garner, Fourth Quarter 2006. (Summary | Article PDF 186K)

Federal Reserve Bank of Kansas City Research Working Papers

"An Empirical Assessment of the Relationships Among Inflation and Short- and Long-Term Expectations," with Todd E. Clark, RWP 08-05 (PDF 1,527K | Abstract)

"Expectational Stability in Regime-Switching Rational Expectations Models," RWP 07-09 (PDF, 279K | Abstract)

"Phillips Curve Instability and Optimal Monetary Policy," RWP 07-04 (PDF, 279K | Abstract)

"Endogenous Monetary Policy Regime Change," with Eric M. Leeper, RWP 06-11 (PDF, 628K | Abstract)

"Monetary and Fiscal Policy Switching," with Eric M. Leeper and Hess Chung, RWP 05-12 (PDF, 620K | Abstract)

"Generalizing the Taylor Principle," with Eric M. Leeper, RWP 05-13 (PDF, 603K | Abstract)

Biography	Curriculum vitae (PDF, 34 K)
Publications in journals and books	Research Working Papers
Economic Review articles