Photo of David M. Arseneau

David M. Arseneau

Education

  • Ph.D., Economics, University of Virginia, 2004
  • M.A., Economics, University of Virginia, 1999
  • B.A., Economics, Boston College, 1994
Current Research Topics
  • Financial Regulation
  • Macroeconomics
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2020 - present
  • Adjunct Professor

    Johns Hopkins University, Washington D.C. Center

    2008 - 2020
  • Section Chief

    Board of Governors of the Federal Reserve System

    2015 - 2020
  • Deputy Assistant Secretary for Macroeconomic Policy

    Department of Treasury

    2012 - 2013
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2009 - 2015
  • Adjunct Professor

    Georgetown University

    2007 - 2009
  • Economist

    Board of Governors of the Federal Reserve System

    2003 - 2009
  • The Main Street Lending Program
    David Arseneau, José Fillat, Molly Mahar, Donald P. Morgan, and Skander Van den Heuvel
    Economic Policy Review (2022)
  • Central Bank Communication about Climate Change
    David M. Arseneau, Alejandro Drexler, and Mitsuhiro Osada
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.031
  • A Macroprudential Perspective on the Regulatory Boundaries of U.S. Financial Assets
    David M. Arseneau, Grace Brang, Matt Darst, Jacob M. M. Faber, David E. Rappoport, and Alexandros Vardoulakis
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.002
  • Private and Public Liquidity Provision in Over-the-Counter Markets
    David Arseneau, David Rappoport, and Alexandros Vardoulakis
    Theoretical Economics (2020)
    https://doi.org/10.3982/TE3419
    See also » FRB Working Paper (2017)
  • Central Bank Communication with a Financial Stability Objective
    David M. Arseneau
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.087
  • How Would U.S. Banks Fare in a Negative Interest Rate Environment?
    David M. Arseneau
    International Journal of Central Banking (2020)
    See also » FRB Working Paper (2017)
  • Efficient Mismatch
    David M. Arseneau and Brendan Epstein
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.037
  • Offshoring, Mismatch, and Labor Market Outcomes
    David M. Arseneau and Brendan Epstein
    Springer (2017)
    https://doi.org/10.1007/978-3-662-49502-5
    See also » FRB Working Paper (2014)
  • Optimal Fiscal and Monetary Policy in Customer Markets
    David M. Arseneau, Ryan Chahrour, Sanjay K. Chugh, and Alan Finkelstein Shapiro
    Journal of Money, Credit and Banking (2015)
    https://doi.org/10.1111/jmcb.12223
    See also » FRB Working Paper (2008)
  • The Welfare Costs of Skill-Mismatch Employment
    David M. Arseneau and Brendan Epstein
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.042
  • The Role of Financial Imbalances in Assessing the State of the Economy
    David M. Arseneau and Michael T. Kiley
    FEDS Notes (2014)
    https://doi.org/10.17016/2380-7172.0015
  • Commodity Price Movements in a General Equilibrium Model of Storage
    David M. Arseneau and Sylvain Leduc
    IMF Economic Review (2013)
    https://doi.org/10.1057/imfer.2013.9
    See also » FRB Working Paper (2012)
  • Tax Smoothing in Frictional Labor Markets
    David M. Arseneau and Sanjay K. Chugh
    Journal of Political Economy (2012)
    https://doi.org/10.1086/668837
  • Review of International Trade with Equilibrium Unemployment
    David M. Arseneau
    Review of International Economics (2012)
    https://doi.org/10.1111/j.1467-9396.2012.01044.x
  • Expectations Traps in a New Keynesian Open Economy Model
    David M. Arseneau
    Economic Theory (2012)
    https://doi.org/10.1007/s00199-010-0533-2
  • Explaining the Energy Consumption Portfolio in a Cross-section of Countries: Are the BRICs Different?
    David M. Arseneau
    Law and Business Review of the Americas (2012)
    See also » FRB Working Paper (2011)
  • Optimal Fiscal and Monetary Policy with Costly Wage Bargaining
    David M. Arseneau and Sanjay K. Chugh
    Journal of Monetary Economics (2008)
    https://doi.org/10.1016/j.jmoneco.2008.09.005
    See also » FRB Working Paper (2007)
  • Competitive Search Equilibrium in a DSGE Model
    David M. Arseneau and Sanjay K. Chugh
    International Finance Discussion Papers (2008)
  • Bargaining, Fairness, and Price Rigidity in a DSGE Environment
    David M. Arseneau and Sanjay K. Chugh
    International Finance Discussion Papers (2007)
  • The Inflation Tax in an Open Economy with Imperfect Competition
    David M. Arseneau
    Review of Economic Dynamics (2007)
    https://doi.org/10.1016/j.red.2006.08.004
  • Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency
    David M. Arseneau and Sanjay K. Chugh
    International Finance Discussion Papers (2006)
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

Editor
  • Associate Editor, Journal of Money, Credit, and Banking, 2015 - Present
Referee
  • American Economic Journal: Macroeconomics
  • American Journal of Agricultural Economics
  • B.E. Journal of Macroeconomics
  • Canadian Journal of Economics
  • Economic Journal
  • Economic Inquiry
  • Economic Letters
  • Economic Theory
  • European Economic Review
  • IMF Economic Review
  • International Review of Economics and Finance
  • Journal of Applied Economics
  • Journal of Economics, Dynamics, and Control
  • Journal of International Economics
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking
  • Journal of Public Economics
  • International Economic Review
  • International Journal of Central Banking
  • Macroeconomic Dynamics
  • Oxford Bulletin of Economics and Statistics
  • Scandinavian Journal of Economics
Professional Affiliation
  • American Economic Association, 2004 to Present
  • Econometric Society, 2006 to Present
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Last Update: December 1, 2023