Troy Davig

Federal Reserve Bank of Kansas City

1 Memorial Dr.

Kansas City, MO 64198

United States

SCHOLARLY PAPERS

21

DOWNLOADS
Rank 26,937

SSRN RANKINGS

Top 26,937

in Total Papers Downloads

2,632

SSRN CITATIONS
Rank 1,066

SSRN RANKINGS

Top 1,066

in Total Papers Citations

380

CROSSREF CITATIONS

728

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, Eric M. Leeper and Troy Davig
Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Federal Reserve Bank of Kansas City
Downloads 162 (251,755)
Citation 6

Abstract:

Loading...

multipliers, zero interest rate bound, fiscal stimulus

Monetary-Fiscal Policy Interactions and Fiscal Stimulus

Number of pages: 41 Posted: 16 Nov 2009
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 72 (441,935)
Citation 39

Abstract:

Loading...

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: 09 May 2021
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 37 (596,400)
Citation 1

Abstract:

Loading...

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, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 260 (163,401)
Citation 2

Abstract:

Loading...

3.
Downloads 246 (172,469)
Citation 101

Generalizing the Taylor Principle

CAEPR Working Paper No. 2006-001
Number of pages: 44 Posted: 27 Sep 2006
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 211 (199,284)

Abstract:

Loading...

regime change, indeterminacy, monetary policy

Generalizing the Taylor Principle

NBER Working Paper No. w11874
Number of pages: 45 Posted: 14 Sep 2006 Last Revised: 13 Jun 2021
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 35 (608,389)
Citation 15

Abstract:

Loading...

4.
Downloads 236 (179,474)
Citation 50

Monetary and Fiscal Policy Switching

Number of pages: 47 Posted: 06 Sep 2004
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 200 (209,420)
Citation 1

Abstract:

Loading...

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: 25 Apr 2022
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 36 (602,366)
Citation 6

Abstract:

Loading...

5.
Downloads 221 (190,970)
Citation 5

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 107 (345,777)
Citation 4

Abstract:

Loading...

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 91 (384,497)
Citation 2

Abstract:

Loading...

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 (692,391)

Abstract:

Loading...

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
Downloads 0
  • Add to Cart

Abstract:

Loading...

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

6.

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 201 (208,630)
Citation 1

Abstract:

Loading...

7.
Downloads 194 (215,329)
Citation 180

Endogenous Monetary Policy Regime Change

CAEPR Working Paper No. 2006-002
Number of pages: 36 Posted: 28 Sep 2006
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 167 (245,237)
Citation 5

Abstract:

Loading...

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: 26 May 2022
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 27 (661,532)
Citation 38

Abstract:

Loading...

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 182 (227,650)
Citation 2

Abstract:

Loading...

Monetary Policy, Stock Market, Markov Switching

9.

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 178 (232,102)
Citation 36

Abstract:

Loading...

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

10.

Phillips Curve Instability and Optimal Monetary Policy

Number of pages: 36 Posted: 10 Aug 2007
Troy Davig
Federal Reserve Bank of Kansas City
Downloads 125 (307,977)
Citation 2

Abstract:

Loading...

Optimal monetary policy, Phillips curve, regime-switching

11.
Downloads 125 (307,977)
Citation 75

Fluctuating Macro Policies and the Fiscal Theory

Number of pages: 49 Posted: 30 Mar 2005
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 99 (364,406)

Abstract:

Loading...

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 2022
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 26 (669,086)
Citation 14

Abstract:

Loading...

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 72 (436,638)

Abstract:

Loading...

e-stability, adaptive learning, regime switching, sunspots

13.
Downloads 71 (439,921)
Citation 31

'Unfunded Liabilities' and Uncertain Fiscal Financing

Number of pages: 46 Posted: 13 Mar 2010
Indiana University at Bloomington - Department of EconomicsUniversity of Virginia, Indiana University Bloomington - Department of Economics and Federal Reserve Bank of Kansas City
Downloads 49 (533,830)
Citation 37

Abstract:

Loading...

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: 14 Feb 2022
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 22 (700,639)

Abstract:

Loading...

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 62 (471,515)
Citation 4

Abstract:

Loading...

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 (533,321)
Citation 1

Abstract:

Loading...

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, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 42 (557,353)
Citation 3

Abstract:

Loading...

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 40 (567,532)
Citation 10

Abstract:

Loading...

Survey-based inflation expectations, stochastic volatility, Bayesian econometrics

18.

Temporarily Unstable Government Debt and Inflation

NBER Working Paper No. w16799
Number of pages: 33 Posted: 28 Feb 2011 Last Revised: 28 May 2022
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 23 (671,842)

Abstract:

Loading...

19.

Inflation and the Fiscal Limit

NBER Working Paper No. w16495
Number of pages: 32 Posted: 01 Nov 2010 Last Revised: 27 Jan 2022
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 23 (671,842)
Citation 4

Abstract:

Loading...

20.

Reply to "Generalizing the Taylor Principle: A Comment"

NBER Working Paper No. w14919
Number of pages: 16 Posted: 29 Apr 2009 Last Revised: 08 Apr 2022
Troy Davig, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 13 (752,657)

Abstract:

Loading...

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

Abstract:

Loading...

Expectation, trend inflation, inflation dynamics