Contact Information
202-452-2941
david.l.reifschneider@frb.gov

Fields of Interest
Macroeconomics
Monetary Policy

Education
Ph.D., Economics, University of Wisconsin, 1983
B.A., Economics, Cornell University, 1977

Professional Experience
Board of Governors of the Federal Reserve System, 1982-present

Selected Publications

• ''Countercyclical Fiscal Policy with Forward-Looking Financial Markets'' (with Douglas W. Elmendorf), National Tax Journal, vol. 55 (September 2002), pp. 357-386.
• ''Three Lessons for Monetary Policy in a Low-Inflation Era'' (with John C. Williams), Journal of Money, Credit, and Banking, vol. 32 (November 2000), pp. 936-66.
• ''Errors in the Measurement of the Output Gap and the Design of Monetary Policy'' (with Athanasios Orphanides, Richard D. Porter, Robert Tetlow, and others), Journal of Economics and Business, vol. 52 (January 2000), pp. 117-41.
• ''Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective'' (with Robert Tetlow and John C. Williams), Federal Reserve Bulletin, vol. 85 (January 1999), pp. 1-19.
• ''Econometric Models and the Monetary Policy Process'' (with David J. Stockton and David W. Wilcox), Carnegie-Rochester Conference Series on Public Policy, vol. 47 (December 1997), pp. 1-37.
• ''The Role of Expectations in the FRB/US Macroeconomic Model'' (with Flint Brayton, Eileen Mauskopf, Peter Tinsley, and others), Federal Reserve Bulletin, vol. 83 (April 1997), pp. 227-45.
• ''Dynamic Scoring, Fiscal Policy, and the Short-Run Behavior of the Macroeconomy'' (with Eileen Mauskopf), National Tax Journal, vol. 50 (September 1997), pp. 631-55.
• ''Systematic Departures from the Frontier: A Framework for the Analysis of Firm Inefficiency'' (with Rodney Stevenson), International Economic Review, vol. 32 (August 1991), pp. 715-23.