Troy Davig

Federal Reserve Bank of Kansas City

1 Memorial Dr.

Kansas City, MO 64198

United States

SCHOLARLY PAPERS

21

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3,111

SSRN CITATIONS
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in Total Papers Citations

462

CROSSREF CITATIONS

732

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 185 (269,585)
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, Eric M. Leeper and Eric M. Leeper
Federal Reserve Bank of Kansas City and Indiana University at Bloomington - Department of EconomicsUniversity of Virginia
Downloads 98 (445,343)
Citation 39

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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: 08 May 2023
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 50 (649,884)
Citation 1

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2.
Downloads 285 (178,582)
Citation 5

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 129 (364,099)
Citation 2

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

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 119 (387,037)
Citation 4

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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 37 (735,387)

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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

3.

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 278 (183,157)
Citation 2

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Downloads 277 (183,861)
Citation 114

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 229 (221,032)
Citation 2

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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: 12 Dec 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 48 (661,959)
Citation 15

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Downloads 273 (186,532)
Citation 52

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 221 (228,728)
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: 26 Oct 2022
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 52 (638,229)
Citation 6

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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 226 (224,613)
Citation 6

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Downloads 222 (228,381)
Citation 181

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 179 (277,512)
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: 25 Nov 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 43 (693,487)
Citation 39

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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 200 (251,634)
Citation 2

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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 192 (260,934)
Citation 36

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

10.
Downloads 161 (303,961)
Citation 86

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 111 (407,410)

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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 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 50 (649,884)
Citation 25

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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 146 (329,623)
Citation 2

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Optimal monetary policy, Phillips curve, regime-switching

12.
Downloads 97 (445,080)
Citation 34

'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 62 (585,214)
Citation 40

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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: 15 Feb 2023
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 35 (750,302)

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13.

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 82 (494,311)

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e-stability, adaptive learning, regime switching, sunspots

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 70 (540,844)
Citation 5

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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 70 (540,844)
Citation 1

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Threshold switching, Taylor rule, asymmetry, preemptive policy

16.

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 55 (610,044)
Citation 10

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Survey-based inflation expectations, stochastic volatility, Bayesian econometrics

17.

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 51 (631,329)
Citation 3

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18.

Inflation and the Fiscal Limit

NBER Working Paper No. w16495
Number of pages: 32 Posted: 01 Nov 2010 Last Revised: 27 Jan 2023
Federal Reserve Bank of Kansas City, Indiana University at Bloomington - Department of EconomicsUniversity of Virginia and Indiana University Bloomington - Department of Economics
Downloads 38 (709,731)
Citation 8

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19.

Temporarily Unstable Government Debt and Inflation

NBER Working Paper No. w16799
Number of pages: 33 Posted: 28 Feb 2011 Last Revised: 28 May 2023
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 30 (767,341)
Citation 1

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Reply to "Generalizing the Taylor Principle: A Comment"

NBER Working Paper No. w14919
Number of pages: 16 Posted: 29 Apr 2009 Last Revised: 08 Oct 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 25 (807,072)

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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