Contact Information
202-452-2991
david.w.wilcox@frb.gov

Fields of Interest
Monetary Policy
Macroeconomics
Fiscal Policy

Education
Ph.D., Economics, Massachusetts Institute of Technology, 1987
B.A., Mathematics, Williams College, 1980

Professional Experience
Board of Governors of the Federal Reserve System, 2001-present
Assistant Secretary for Economic Policy, Treasury Department, 1997-2001
Senior Economist, Council of Economic Advisers, 1994-1995
Economist and Senior Economist, Federal Reserve Board, 1986-1997
Member, Board of Editors, American Economic Review, 1994-1997

Selected Publications

• ''Why Do Firms Offer Risky Defined-Benefit Pension Plans?'' (with David Love and Paul A. Smith), National Tax Journal, vol. 60 (September 2007), pp. 507-19.
• ''Reforming the Defined-Benefit Pension System,'' Brookings Papers on Economic Activity, 2006:1 (2006), pp. 235-85.
• ''A Quantitative Exploration of the Opportunistic Approach to Disinflation'' (with Yunus Aksoy, Athanasios Orphanides, David H. Small, and others), Journal of Monetary Economics, vol. 53 (November 2006), pp. 1877-93.
• ''Fiscal Policy and Social Security Policy During the 1990s'' (with Douglas W. Elmendorf and Jeffrey B. Liebman), in Jeffrey Frankel and Peter Orszag, eds., American Economic Policy in the 1990s. Cambridge, MA: MIT Press, 2002.
• ''The Opportunistic Approach to Disinflation'' (with Athanasios Orphanides), International Finance, vol. 5 (Spring 2002), pp. 47-71.
• ''The Introduction of Indexed Government Debt in the United States,'' Journal of Economic Perspectives, vol. 12 (Winter 1998), pp. 219-27.
• ''Mismeasurement in the Consumer Price Index: An Evaluation'' (with Matthew D. Shapiro), NBER Macroeconomics Annual, vol. 11 (1996), pp. 93-142.
• ''Does Consumer Sentiment Forecast Household Spending? If So, Why?'' (with Christopher D. Carroll and Jeffrey C. Fuhrer), American Economic Review, vol. 84 (December 1994), pp. 1397-1408.
• ''Production and Inventory Control at the General Motors Corporation During the 1920s and 1930s'' (with Anil K Kashyap), American Economic Review, vol. 83 (June 1993), pp. 383-401.
• ''Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance'' (with Anil K Kashyap and Jeremy C. Stein), American Economic Review, vol. 83 (March 1993), pp. 78-98.
• ''The Construction of U.S. Consumption Data: Some Facts and Their Implications for Empirical Work,'' American Economic Review, vol. 82 (September 1992), pp. 922-41.
• ''Social Security Benefits, Consumption Expenditure, and the Life Cycle Hypothesis,'' Journal of Political Economy, vol. 97 (April 1989), pp. 288-304.
• ''Interactions Between the Seasonal and Business Cycles in Production and Inventories'' (with Stephen G. Cecchetti and Anil K Kashyap), American Economic Review, vol. 87 (December 1997), pp. 884-92.