Troy Davig

Federal Reserve Bank of Kansas City

1 Memorial Dr.

Kansas City, MO 64198

United States

SCHOLARLY PAPERS

21

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2,454

SSRN CITATIONS
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in Total Papers Citations

349

CROSSREF CITATIONS

725

Scholarly Papers (21)

Monetary-Fiscal Policy Interactions And Fiscal Stimulus

CAEPR Working Paper No. 010-2009
Number of pages: 40 Posted: 18 Aug 2009
Eric M. Leeper and Troy Davig
University of Virginia and Federal Reserve Bank of Kansas City
Downloads 146 (233,573)
Citation 6

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multipliers, zero interest rate bound, fiscal stimulus

Monetary-Fiscal Policy Interactions and Fiscal Stimulus

Number of pages: 41 Posted: 16 Nov 2009
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 69 (389,136)
Citation 38

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fiscal policy, government multiplier, monetary-fiscal interactions

Monetary-Fiscal Policy Interactions and Fiscal Stimulus

NBER Working Paper No. w15133
Number of pages: 41 Posted: 21 Jul 2009 Last Revised: 04 Mar 2013
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 35 (526,495)
Citation 1

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2.

Expectations and Fiscal Stimulus

CAEPR Working Paper No. 006-2009
Number of pages: 35 Posted: 12 Jun 2009 Last Revised: 04 Mar 2013
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 250 (143,660)
Citation 2

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3.
Downloads 235 (152,533)
Citation 95

Generalizing the Taylor Principle

CAEPR Working Paper No. 2006-001
Number of pages: 44 Posted: 27 Sep 2006
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 209 (170,276)

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regime change, indeterminacy, monetary policy

Generalizing the Taylor Principle

NBER Working Paper No. w11874
Number of pages: 45 Posted: 14 Sep 2006 Last Revised: 05 Mar 2013
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 26 (579,892)
Citation 15

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Downloads 227 (157,624)
Citation 49

Monetary and Fiscal Policy Switching

Number of pages: 47 Posted: 06 Sep 2004
Troy Davig, Eric M. Leeper and Hess Chung
Federal Reserve Bank of Kansas City, University of Virginia and Indiana University Bloomington - Department of Economics
Downloads 192 (184,189)
Citation 1

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Monetary policy, fiscal policy, regime switching, fiscal theory of price level

Monetary and Fiscal Policy Switching

NBER Working Paper No. w10362
Number of pages: 48 Posted: 24 Mar 2004 Last Revised: 05 Mar 2013
Troy Davig, Eric M. Leeper and Hess Chung
Federal Reserve Bank of Kansas City, University of Virginia and Indiana University Bloomington - Department of Economics
Downloads 35 (526,495)
Citation 5

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Downloads 192 (184,310)
Citation 178

Endogenous Monetary Policy Regime Change

CAEPR Working Paper No. 2006-002
Number of pages: 36 Posted: 28 Sep 2006
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 166 (209,588)
Citation 5

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Markov switching, Taylor rule, expectations formation

Endogenous Monetary Policy Regime Change

NBER Working Paper No. w12405
Number of pages: 37 Posted: 13 Aug 2006 Last Revised: 05 Mar 2013
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 26 (579,892)
Citation 35

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Downloads 188 (187,856)
Citation 4

Is Optimal Monetary Policy Always Optimal?

Federal Reserve Bank of Kansas City Working Paper No. 15-05
Number of pages: 34 Posted: 05 Aug 2015
Troy Davig and Refet S. Gürkaynak
Federal Reserve Bank of Kansas City and Bilkent University - Department of Economics
Downloads 89 (334,483)
Citation 3

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Is Optimal Monetary Policy Always Optimal?

CFS Working Paper No. 510
Number of pages: 43 Posted: 19 Aug 2015
Troy Davig and Refet S. Gürkaynak
Federal Reserve Bank of Kansas City and Bilkent University - Department of Economics
Downloads 76 (368,271)
Citation 2

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Central Banking, Monetary Policy, Fiscal Policy, Optimal Policy, Optimal Policy Mix

Is Optimal Monetary Policy Always Optimal?

CESifo Working Paper Series No. 5473
Number of pages: 41 Posted: 19 Aug 2015
Troy Davig and Refet S. Gürkaynak
Federal Reserve Bank of Kansas City and Bilkent University
Downloads 23 (600,937)

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central banking, monetary policy, fiscal policy, optimal policy, optimal policy mix

Is Optimal Monetary Policy Always Optimal?

CEPR Discussion Paper No. DP10767
Number of pages: 42 Posted: 18 Aug 2015
Troy Davig and Refet S. Gürkaynak
Federal Reserve Bank of Kansas City and Bilkent University - Department of Economics
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central banking, fiscal policy, monetary policy, optimal policy, optimal policy mix

7.

Monetary Policy Regime Shifts and Inflation Persistence

Federal Reserve Bank of Kansas City Working Paper No. 08-16
Number of pages: 29 Posted: 31 Jan 2009
Troy Davig and Taeyoung Doh
Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 165 (210,422)
Citation 34

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Inflation persistence, Bayesian estimation, Markov-switching, DSGE models

8.

State-Dependent Stock Market Reactions to Monetary Policy: 'Bubble' vs. Fundamental States

Number of pages: 22 Posted: 20 Feb 2006
Troy Davig and Jeffrey Gerlach
Federal Reserve Bank of Kansas City and College of William and Mary - Department of Economics
Downloads 165 (210,422)
Citation 2

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Monetary Policy, Stock Market, Markov Switching

9.

Recession Forecasting Using Bayesian Classification

Federal Reserve Bank of Kansas City Working Paper No. 16-06
Number of pages: 39 Posted: 15 Aug 2016 Last Revised: 15 Sep 2016
Troy Davig and Aaron Smalter Hall
Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 162 (213,739)
Citation 1

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Downloads 124 (264,777)
Citation 74

Fluctuating Macro Policies and the Fiscal Theory

Number of pages: 49 Posted: 30 Mar 2005
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 98 (314,104)

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monetary policy, fiscal policy, policy regime, switching

Fluctuating Macro Policies and the Fiscal Theory

NBER Working Paper No. w11212
Number of pages: 51 Posted: 26 Apr 2005 Last Revised: 20 Feb 2021
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 26 (579,892)
Citation 12

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11.

Phillips Curve Instability and Optimal Monetary Policy

Number of pages: 36 Posted: 10 Aug 2007
Troy Davig
Federal Reserve Bank of Kansas City
Downloads 122 (268,087)
Citation 2

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Optimal monetary policy, Phillips curve, regime-switching

12.

Expectational Stability in Regime-Switching Rational Expectations Models

Federal Reserve Bank of Kansas City Research Working Paper No. 07-09
Number of pages: 35 Posted: 16 Dec 2007 Last Revised: 04 Mar 2013
William Branch, Troy Davig and Bruce McGough
University of California, Irvine - Department of Economics, Federal Reserve Bank of Kansas City and Oregon State University - Department of Economics
Downloads 69 (384,515)

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e-stability, adaptive learning, regime switching, sunspots

13.
Downloads 65 (396,798)
Citation 30

'Unfunded Liabilities' and Uncertain Fiscal Financing

Number of pages: 46 Posted: 13 Mar 2010
Eric M. Leeper, Todd B. Walker and Troy Davig
University of Virginia, Indiana University Bloomington - Department of Economics and Federal Reserve Bank of Kansas City
Downloads 44 (482,606)
Citation 34

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Fiscal sustainability, Inflation, Fiscal limit

"Unfunded Liabilities" and Uncertain Fiscal Financing

NBER Working Paper No. w15782
Number of pages: 34 Posted: 01 Mar 2010 Last Revised: 04 Mar 2013
Troy Davig, Eric M. Leeper and Todd B. Walker
Federal Reserve Bank of Kansas City, University of Virginia and Indiana University Bloomington - Department of Economics
Downloads 21 (615,284)

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14.

Uncertainty and Fiscal Cliffs

Federal Reserve Bank of Kansas City Working Paper No. 14-04
Number of pages: 33 Posted: 13 Apr 2014
Troy Davig and Andrew T. Foerster
Federal Reserve Bank of Kansas City and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 61 (409,655)
Citation 3

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Fiscal Policy, Uncertainty, Distorting taxation

15.

Endogenous Monetary Policy Regime Changes

FRB of Kansas Working Paper No. 06-11
Number of pages: 37 Posted: 05 Dec 2006
Troy Davig
Federal Reserve Bank of Kansas City
Downloads 47 (460,846)
Citation 1

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Threshold switching, Taylor rule, asymmetry, preemptive policy

16.

Reply to Generalizing the Taylor Principle: A Comment

CAEPR Working Paper No. 008-2009
Number of pages: 15 Posted: 12 Jun 2009
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 41 (486,493)
Citation 3

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17.

Decomposing the Declining Volatility of Long-Term Inflation Expectations

FRB of Kansas City Paper No. RWP 09-05
Number of pages: 31 Posted: 26 Feb 2009
Todd E. Clark and Troy Davig
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Kansas City
Downloads 35 (514,338)
Citation 10

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Survey-based inflation expectations, stochastic volatility, Bayesian econometrics

18.

Inflation and the Fiscal Limit

NBER Working Paper No. w16495
Number of pages: 32 Posted: 01 Nov 2010
Troy Davig, Eric M. Leeper and Todd B. Walker
Federal Reserve Bank of Kansas City, University of Virginia and Indiana University Bloomington - Department of Economics
Downloads 22 (589,083)
Citation 3

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19.

Temporarily Unstable Government Debt and Inflation

NBER Working Paper No. w16799
Number of pages: 33 Posted: 28 Feb 2011
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 21 (595,729)

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20.

Reply to "Generalizing the Taylor Principle: A Comment"

NBER Working Paper No. w14919
Number of pages: 16 Posted: 29 Apr 2009 Last Revised: 04 Mar 2013
Troy Davig and Eric M. Leeper
Federal Reserve Bank of Kansas City and University of Virginia
Downloads 13 (650,858)

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21.

An Empirical Assessment of the Relationships Among Inflation and Short- and Long-Term Expectations

Posted: 18 Nov 2008
Todd E. Clark and Troy Davig
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Kansas City

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Expectation, trend inflation, inflation dynamics