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Board of Governors of the Federal Reserve System
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TheEconomists

Photo of David M. Arseneau
202-452-2534
david.m.arseneau@frb.gov
Education
  • Ph.D., Economics, University of Virginia, 2004
  • M.A., Economics, University of Virginia, 1999
  • B.A., Economics, Boston College, 1994
  • Current Research Topics

  • Offshoring
  • Rational Expectations Storage Models
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2009 - present
    • Deputy Assistant Secretary for Macroeconomic Policy

      Department of Treasury

    • 2012 - 2013
    • Economist

      Board of Governors of the Federal Reserve System

    • 2003 - 2009
    • Adjunct Professor

      Johns Hopkins University, Washington D.C. Center

    • 2008 - present
    • Adjunct Professor

      Georgetown University

    • 2007 - 2009
    • Summer Intern

      The World Bank

    • 2001
    • Research Assistant

      Boston Health Economics, Inc.

    • 1996 - 1997
    • Research Assistant

      Policy Analysis, Inc.

    • 1994 - 1996
  • Arseneau, David M., and Brendan Epstein (2014). "The Welfare Costs of Skill-Mismatch Employment," Finance and Economics Discussion Series 2014-42. Board of Governors of the Federal Reserve System (U.S.).
  • Arseneau, David M., Ryan Chahrour, Sanjay K. Chugh, and Alan Finkelstein Shapiro (Forthcoming). "Optimal Fiscal and Monetary Policy in Customer Markets," Journal of Money, Credit, and Banking.
  • Arseneau, David M., and Sylvain Leduc (2013). "Commodity Price Movements in a General Equilibrium Model of Storage," IMF Economic Review, vol. 61, no. 1, pp. 199-224.
  • Arseneau, David M., and Sanjay K. Chugh (2012). "Tax Smoothing in Frictional Labor Markets," Journal of Political Economy, vol. 120, no. 5, pp. 926-985.
  • Arseneau, David M. (2012). "Explaining the Energy Consumption Portfolio in a Cross-Section of Countries: Are the BRICs Different?" Law and Business Review of the Americas, vol. 18, no. 4, pp. 553-583.
  • Arseneau, David M. (2012). "Review of International Trade with Equilibrium Unemployment," Review of International Economics, vol. 20, no. 3, pp. 654-656.
  • Arseneau, David M. (2012). "Expectation Traps in a New Keynesian Open Economy Model," Economic Theory, vol. 49, no. 1, pp. 81-112.
  • Arseneau, David M., and Sanjay K. Chugh (2008). "Optimal Fiscal and Monetary Policy with Costly Wage Bargaining," Journal of Monetary Economics, vol. 55, no. 8, pp. 1401-1414.
  • Arseneau, David M. (2007). "The Inflation Tax in an Open Economy with Imperfect Competition," Review of Economic Dynamics, vol. 10, no. 1, pp. 126-147.
  • Arseneau, David M., and Sanjay K. Chugh (2008). "Competitive Search Equilibrium in a DSGE Model," International Finance Discussion Papers 929. Board of Governors of the Federal Reserve System (U.S.).
  • Arseneau, David M., and Sanjay K. Chugh (2007). "Bargaining, Fairness, and Price Rigidity in a DSGE Environment," International Finance Discussion Papers 900. Board of Governors of the Federal Reserve System (U.S.).
  • Arseneau, David M., and Sanjay K. Chugh (2006). "Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency," International Finance Discussion Papers 870. Board of Governors of the Federal Reserve System (U.S.).
  • seminar

    2013

    University of Colorado

    Globalization, Labor Market Mismatch, and Wage Inequality

  • conference

    2012

    European Central Bank

    Commodity Price Movements in a General Equilibrium Storage Model

  • seminar

    2012

    Boston College

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2012

    Bank of Finland

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2012

    Society of Economic Dynamics (Cyprus)

    Threatening to Offshore in a Search Model of the Labor Market

  • seminar

    2012

    Federal Reserve Bank of Dallas

    Commodity Price Movements in a General Equilibrium Storage Model

  • conference

    2012

    Economic Leadership from the Emerging World? (Cox School of Business, Southern Methodist University)

    The Role of China and India in Global Energy Markets

  • seminar

    2012

    Bank of Canada

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2012

    Policy Responses to Commodity Price Movements (CBRT-IMFER)

    Is Monetary Policy a Key Driver of Commodity Prices? A View From a Competitive Storage Model

  • seminar

    2012

    Federal Reserve Bank of Richmond

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2011

    Globalization: Strategies and Effects (Aarhus University)

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2011

    West Coast Search Conference (University of California - Santa Cruz)

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2011

    Commodities, The Economy, and Money (Haskeyne School of Business, University of Calgary)

    Commodity Futures Might Not be as Bad a Forecasting Tool as You Think

  • conference

    2011

    Commodities, The Economy, and Money (Haskeyne School of Business, University of Calgary)

    Commodity Price Dynamics Through the Lens of the Rational Expectations Storage Model

  • conference

    2011

    Round Table on Oil Price Developments (U.S. Treasury Department)

    The Role of China and India in Global Energy Markets

  • seminar

    2011

    Federal Reserve Bank of Cleveland

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2011

    IAEE Annual Meetings (Stockholm, Sweden)

    Explaining the Energy Consumption Profile in a Cross-Section of Countries

  • discussion

    2011

    SCIEA System Meetings (Federal Reserve Bank of Atlanta)

    Discussion of "Self-Employment in the Global Economy" by Federico Diez and Ali Ozdagli

  • conference

    2011

    Midwest Macro Meetings (Vanderbilt University)

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2011

    Econometrics Society Summer Meetings (Washington University, St. Louis, Missouri)

    Threatening to Offshore in a Search Model of the Labor Market

  • discussion

    2011

    T2M Conference (HEC Montreal)

    Discussion of "Endogenous Business Cycles in OLG Economies with Multiple Consumption Goods" by Carine Nourry and Alain Venditti

  • conference

    2011

    T2M Conference (HEC Montreal)

    Threatening to Offshore in a Search Model of the Labor Market

  • discussion

    2010

    Macro System Meetings, Federal Reserve Bank of Boston

    Discussion of "Search Frictions and the Labor Wedge" by Murat Tasci and Andrea Pescatori

  • seminar

    2010

    Study Center Gerzensee

    Threatening to Offshore in a Search Model of the Labor Market

  • seminar

    2010

    European Central Bank (ECB)

    Threatening to Offshore in a Search Model of the Labor Market

  • seminar

    2010

    Deutsche Bundesbank

    Threatening to Offshore in a Search Model of the Labor Market

  • conference

    2010

    Energy Information Administration Annual Meeting

    Short-term Movements in Oil Prices

  • discussion

    2009

    Roundtable sponsored by Johns Hopkins University (Washington D.C. Center)

    Perspectives on the Financial Crisis

  • conference

    2009

    Roundtable sponsored by Bank of Canada at CEA Annual Meetings

    The Oil Price Spike of 2008

  • conference

    2009

    Econometrics Society Summer Meetings (Boston University)

    Tax Smoothing in Frictional Labor Markets

  • conference

    2009

    Midwest Macro Meetings (Indiana University)

    Tax Smoothing in Frictional Labor Markets

  • conference

    2009

    Society for Economic Dynamics, Istanbul, Turkey

    Tax Smoothing in Frictional Labor Markets

  • conference

    2008

    International Monetary Policy Research Conference (ECB)

    Tax Smoothing in Frictional Labor Markets

  • conference

    2008

    Workshop on Labor Markets (Hungarian National Bank, Budapest, Hungary)

    Optimal Fiscal and Monetary Policy in Customer Markets

  • conference

    2008

    ASSA Winter Meetings, New Orleans, Louisiana

    Bargaining, Fairness, and Price Rigidity in a DSGE Environment

  • conference

    2007

    Money, Banking, Payments, and Finance Workshop, Federal Reserve Bank of Cleveland

    Optimal Fiscal and Monetary Policy in Customer Markets

  • conference

    2007

    Money, Credit, and Policy Conference, Federal Reserve Bank of St. Louis/ Washington University, St. Louis, Missouri

    Optimal Fiscal and Monetary Policy in Customer Markets

  • conference

    2007

    Econometric Society Summer Meetings (Duke University)

    Bargaining, Fairness, and Price Rigidity in a DSGE Environment

  • conference

    2006

    Econometric Society Summer Meetings (University of Minnesota)

    Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency

  • seminar

    2005

    University of Georgia

    Fiscal Shocks, Job Creation, and Countercyclical Labor Markups

  • seminar

    2005

    Federal Reserve Bank of Atlanta

    Fiscal Shocks, Job Creation, and Countercyclical Labor Markups

  • conference

    2004

    Econometric Society Summer Meetings (Brown University)

    Expectation Traps in a New Keynesian Open Economy

  • conference

    2004

    Midwest Macro Meetings (Iowa State University)

    The Inflation Tax in an Open Economy with Imperfect Competition

  • conference

    2004

    Southern Economic Association Meetings, New Orleans, Louisiana

    The Inflation Tax in an Open Economy with Imperfect Competition

  • seminar

    2003

    Binghamton University

    The Inflation Tax in an Open Economy with Imperfect Competition

  • seminar

    2003

    Board of Governors of the Federal Reserve System

    The Inflation Tax in an Open Economy with Imperfect Competition

  • seminar

    2003

    Texas A&M University

    The Inflation Tax in an Open Economy with Imperfect Competition

  • seminar

    2003

    Federal Reserve Bank of Richmond

    The Inflation Tax in an Open Economy with Imperfect Competition

Awards

  • 2005

    American Academy of Political and Social Science

    Graduate Fellow

  • 2000

    University of Virginia

    Albert T. Gallatin Fellowship in International Affairs

  • 2000

    University of Virginia

    Bankard pre-Doctoral Fellowship

  • 1999

    University of Virginia

    Dean of Faculty Fellowship

Referee

  • American Economic Journal: Macroeconomics
  • American Journal of Agricultural Economics
  • B.E. Journal of Macroeconomics
  • Economic Journal
  • Economic Inquiry
  • Economic Theory
  • International Review of Economics and Finance
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking
  • Journal of Public Economics
  • International Economic Review
  • International Journal of Central Banking
  • Macroeconomic Dynamics
  • Scandinavian Journal of Economics

Professional Affiliation

  • American Economic Association, 2004 to Present
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Last update: June 23, 2014