Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 1983 - present

• • Assistant Professor

    University of Wisconsin - Madison

  • 1978 - 1983

Publications

• Giannone, Domenico, Lucrezia Reichlin, and David Small (2008). "Nowcasting: The Real-Time Informational Content of Macroeconomic Data," Journal of Monetary Economics, vol. 55, no. 4, pp. 665-676.
• Aksoy, Yunus, Athanasios Orphanides, David Small, Volker Wieland, and David Wilcox (2006). "A Quantitative Exploration of the Opportunistic Approach to Disinflation," Journal of Monetary Economics, vol. 53, no. 8, pp. 1877-1893.
• Kimura, Takeshi, and David H. Small (2006). "Quantitative Monetary Easing and Risk in Financial Asset Markets," B.E. Journals in Macroeconomics: Topics in Macroeconomics, vol. 6, no. 1, pp. 1-54.
• Small, David H., Domenico Giannone, and Lucrezia Reichlin (2006). "Nowcasting GDP and Inflation: The Real-Time Informational Content of Macroeconomic Data Releases," Working Paper Series 633. European Central Bank.
• Giannone, Domenico, Lucrezia Reichlin, and David Small (2005). "Nowcasting GDP and Inflation: The Real Time Informational Content of Macroeconomic Data Releases," CEPR Discussion Papers 5178. Centre for Economic Policy Research.
• Giannone, Domenico, Lucrezia Reichlin, and David Small (2005). "Nowcasting GDP and Inflation: The Real-Time Informational Content of Macroeconomic Data Releases," Finance and Economics Discussion Series 2005-42. Board of Governors of the Federal Reserve System (U.S.).
• Small, David H., and James Clouse (2005). "The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act," B.E. Journals in Macroeconomics: Topics in Macroeconomics, vol. 5, no. 1, pp. 1-41.
• Kimura, Takeshi, and David Small (2004). "Quantitative Monetary Easing and Risk in Financial Asset Markets," Finance and Economics Discussion Series 2004-57. Board of Governors of the Federal Reserve System (U.S.).
• Small, David H., and James A. Clouse (2004). "The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act," Finance and Economics Discussion Series 2004-40. Board of Governors of the Federal Reserve System (U.S.).
• Aksoy, Yunus, Athanasios Orphanides, David Small, Volker Wieland, and David Wilcox (2003). "A Quantitative Exploration of the Opportunistic Approach to Disinflation," CEPR Discussion Papers 4073. Centre for Economic Policy Research.
• Clouse, James, Dale Henderson, Athanasios Orphanides, David Small, and Peter Tinsley (2000). "Monetary Policy when the Nominal Short-Term Interest Rate is Zero," Finance and Economics Discussion Series 2000-51. Board of Governors of the Federal Reserve System (U.S.).
• Johnson, Karen, David Small, and Ralph Tryon (1999). "Monetary Policy and Price Stability," International Finance Discussion Papers 641. Board of Governors of the Federal Reserve System (U.S.).
• Orphanides, Athanasios, David H. Small, Volker Wieland, and David W. Wilcox (1997). "A Quantitative Exploration of the Opportunistic Approach to Disinflation," Finance and Economics Discussion Series 1997-36. Board of Governors of the Federal Reserve System (U.S.).
• O'Brien, James, Athanasios Orphanides, and David Small (1994). "Estimating the Interest Rate Sensitivity of Liquid Retail Deposit Values," Finance and Economics Discussion Series 94-15. Board of Governors of the Federal Reserve System (U.S.).
• Orphanides, Athanasios, Brian Reid, and David H. Small (1994). "The Empirical Properties of a Monetary Aggregate that Adds Bond and Stock Funds to M2," Federal Reserve Bank of St.Louis Review, vol. 76, no. 6, pp. 31-51.
• Orphanides, Athanasios, Brian Reid, and David H. Small (1993). "The Empirical Properties of a Monetary Aggregates that Adds Bond and Stock Funds to M2," Finance and Economics Discussion Series 93-42. Board of Governors of the Federal Reserve System (U.S.).
• Small, David H. (1992). "Unanticipated Money Growth and Unemployment in the United States: Comment," in Hoover, Kevin,D. ed., The New Classical Macroeconomics, Vol. 1. Brookfield, Vt.: Elgar; distributed in the U.S. by Ashgate, pp. 192-199.
• Hallman, Jeffrey J., Richard D. Porter, and David H. Small (1991). "Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?" American Economic Review, vol. 81, no. 4, pp. 841-858.
• Moore, George R., Richard D. Porter, and David H. Small (1990). "Modeling the Disaggregated Demands for M2 and M1: The U.S. Experience in the 1980s," in Hooper, Peter ed., Financial Sectors in Open Economies: Empirical Analysis and Policy Issues. Washington: Board of Governors of the Federal Reserve System, pp. 21-105.
• Hallman, Jeffrey J., Richard D. Porter, and David H. Small (1989). "M2 Per Unit of Potential GNP as an Anchor for the Price Level," Federal Reserve Bulletin, vol. 75, no. 4, pp. 263-264.
• Hallman, Jeffrey J., Richard D. Porter, and David H. Small (1989). "M2 Per Unit of Potential GNP as an Anchor for the Price Level," Staff Studies 157. Board of Governors of the Federal Reserve System (U.S.).
• Hallman, Jeffrey J., Richard D. Porter, and David H. Small (1989). "M2 Per Unit of Potential GNP as an Anchor for the Price Level," Working paper series 157. Board of Governors of the Federal Reserve System (U.S.).
• Small, David H., and Richard D. Porter (1989). "Understanding the Behavior of M2 and V2," Federal Reserve Bulletin, vol. 75, no. 4, pp. 244-254.
• Small, David H. (1987). "Managing Extraterritorial Jurisdiction Problems: The United States Government Approach," Law and contemporary problems, vol. 50, no. 3, pp. 283-302.
• Nichols, Donald A., David H. Small, and Charles E. Webster Jr. (1983). "Why Interest Rates Rise when an Unexpectedly Large Money Stock is Announced," American Economic Review, vol. 73, no. 3, pp. 383-388.
• Small, David H. (1979). "Unanticipated Money Growth and Unemployment in the United States: Comment," American Economic Review, vol. 69, no. 5, pp. 996-1003.

Other Activities