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TheEconomists

Photo of David W. Wilcox
202-452-2991
david.w.wilcox@frb.gov
Education
  • Ph.D., Economics, Massachusetts Institute of Technology, 1987
  • B.A., Mathematics, Williams College, 1980
  • Current Research Topics

  • Monetary Policy, Macroeconomics
    • Director, Division of Research and Statistics

      Board of Governors of the Federal Reserve System

    • 2011 - present
    • Deputy Director

      Board of Governors of the Federal Reserve System

    • 2001 - 2011
    • Assistant Secretary for Economic Policy

      Treasury Department

    • 1997 - 2001
    • Senior Economist

      Council of Economic Advisers

    • 1994 - 1995
    • Economist and Senior Economist

      Board of Governors of the Federal Reserve System

    • 1986 - 1997
    • Member, Board of Editors

      American Economic Review

    • 1994 - 1997
  • Reifschneider, David, William L. Wascher, and David W. Wilcox (2013). "Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy," Finance and Economics Discussion Series 2013-77. Board of Governors of the Federal Reserve System (U.S.).
  • Love, David A., Paul A. Smith, and David W. Wilcox (2011). "The Effect of Regulation on Optimal Corporate Pension Risk," Journal of Financial Economics, vol. 101, no. 1, pp. 18-35.
  • Brown, Jeffrey R., and David W. Wilcox (2009). "Discounting State and Local Pension Liabilities," American Economic Review, vol. 99, no. 2, pp. 538-542.
  • Wilcox, David (2009). "Comment on 'Reducing the Risk of Investment-Based Social Security Reform,' by Martin Feldstein," in Brown, Jeffrey R., Jeffrey B. Liebman and David A. Wise eds., Social Security Policy in a Changing Environment. National Bureau of Economic Research, pp. 218-227.
  • Love, David, Paul A. Smith, and David Wilcox (2007). "Why do Firms Offer Risky Defined-Benefit Pension Plans?" National Tax Journal, vol. 60, no. 3, pp. 507-519.
  • 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.
  • Wilcox, David W. (2006). "Reforming the Defined-Benefit Pension System," Brookings Papers on Economic Activity, no. 1, pp. 235-285.
  • Wilcox, David (2005). "Comment on 'what Caused the Decline in U.S. Business Cycle Volatility?'," In Proceedings of the Changing Nature of the Business Cycle Conference on 1112 July, 2005. Reserve Bank of Australia, pp. 107-113.
  • Duggan, James E., and David W. Wilcox (2002). "Distributional Effects in a General Equilibrium Analysis of Social Security: Comment," in Feldstein, ,Martin, Jeffrey Liebman B. eds., The Distributional Aspects of Social Security and Social Security Reform. Chicago and London: University of Chicago Press, pp. 361-368.
  • Elmendorf, Douglas W., Jeffrey B. Liebman, and David W. Wilcox (2002). "Fiscal Policy: Fiscal Policy and Social Security Policy during the 1990s," in Frankel, ,Jeffrey, Orszag Peter eds., American Economic Policy in the 1990s. Cambridge and London: MIT Press, pp. 61-119.
  • Orphanides, Athanasios, and David W. Wilcox (2002). "The Opportunistic Approach to Disinflation," International Finance, vol. 5, no. 1, pp. 47-71.
  • Shapiro, Irving, Matthew D. Shapiro, and David W. Wilcox (2001). "Measuring the Value of Cataract Surgery," in Cutler, David,M., Ernst Berndt R. eds., Medical Care Output and Productivity. Chicago and London: University of Chicago Press, pp. 411-437.
  • Shapiro, Irving, Matthew D. Shapiro, and David W. Wilcox (1999). "Quality Improvement in Health Care: A Framework for Price and Output Measurement," American Economic Review, vol. 89, no. 2, pp. 333-337.
  • Kusko, Andrea L., James M. Poterba, and David W. Wilcox (1998). "Employee Decisions with Respect to 401(k) Plans," in Mitchell, Olivia,S., Sylvester Schieber J. eds., Living with Defined Contribution Pensions: Remaking Responsibility for Retirement. Philadelphia: University of Pennsylvania Press, pp. 98-112.
  • Wilcox, David W. (1998). "Policy Watch: The Introduction of Indexed Government Debt in the United States," Journal of Economic Perspectives, vol. 12, no. 1, pp. 219-227.
  • Cecchetti, Stephen G., Anil K. Kashyap, and David W. Wilcox (1997). "Interactions between the Seasonal and Business Cycles in Production and Inventories," American Economic Review, vol. 87, no. 5, pp. 884-892.
  • Reifschneider, David L., David J. Stockton, and David W. Wilcox (1997). "Econometric Models and the Monetary Policy Process," Carnegie-Rochester Conference Series on Public Policy, vol. 47, pp. 1-37.
  • Shapiro, Matthew D., and David W. Wilcox (1997). "Alternative Strategies for Aggregating Prices in the CPI," Federal Reserve Bank of St.Louis Review, vol. 79, no. 3, pp. 113-125.
  • Hall, Alastair R., Glenn D. Rudebusch, and David W. Wilcox (1996). "Judging Instrument Relevance in Instrumental Variables Estimation," International Economic Review, vol. 37, no. 2, pp. 283-298.
  • Kashyap, Anil K., Jeremy C. Stein, and David W. Wilcox (1996). "Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply," American Economic Review, vol. 86, no. 1, pp. 310-314.
  • Shapiro, Matthew D., and David W. Wilcox (1996). "Generating Non-Standard Multivariate Distributions with an Application to Mismeasurement in the CPI," NBER Technical Working Paper 196. National Bureau of Economic Research, Inc.
  • Shapiro, Matthew D., and David W. Wilcox (1996). "Mismeasurement in the Consumer Price Index: An Evaluation," in Bernanke, Ben,S., Julio Rotemberg J. eds., NBER Macroeconomics Annual 1996. Cambridge and London: MIT Press, pp. 93-142.
  • West, Kenneth D., and David W. Wilcox (1996). "A Comparison of Alternative Instrumental Variables Estimators of a Dynamic Linear Model," Journal of Business and Economic Statistics, vol. 14, no. 3, pp. 281-293.
  • Carroll, Christopher D., Jeffrey C. Fuhrer, and David W. Wilcox (1994). "Does Consumer Sentiment Forecast Household Spending? if so, Why?" American Economic Review, vol. 84, no. 5, pp. 1397-1408.
  • West, Kenneth D., and David W. Wilcox (1994). "Estimation and Inference in the Linear-Quadratic Inventory Model," Journal of Economic Dynamics and Control, vol. 18, no. 3-4, pp. 897-908.
  • Wilcox, David (1994). "Review of: Understanding Consumption," Journal of Economic Literature, vol. 32, no. 3, pp. 1234-1235.
  • Bell, William R., and David W. Wilcox (1993). "The Effect of Sampling Error on the Time Series Behavior of Consumption Data," Journal of Econometrics, vol. 55, no. 1-2, pp. 235-265.
  • Kashyap, Anil K., and David W. Wilcox (1993). "Production and Inventory Control at the General Motors Corporation during the 1920's and 1930's," American Economic Review, vol. 83, no. 3, pp. 383-401.
  • Kashyap, Anil K., Jeremy C. Stein, and David W. Wilcox (1993). "Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance," American Economic Review, vol. 83, no. 1, pp. 78-98.
  • West, Kenneth D., and David W. Wilcox (1993). "Some Evidence on Finite Sample Behavior of an Instrumental Variables Estimator of the Linear Quadratic Inventory Model," Finance and Economics Discussion Series 93-29. Board of Governors of the Federal Reserve System (U.S.).
  • Wilcox, David W. (1993). "The Welfare Gain from the Introduction of Indexed Bonds: Comment," Journal of Money, Credit, and Banking, vol. 25, no. 3, pp. 632-635.
  • Wilcox, David W. (1992). "The Construction of U.S. Consumption Data: Some Facts and their Implications for Empirical Work," American Economic Review, vol. 82, no. 4, pp. 922-941.
  • Wilcox, David W. (1991). "Household Spending and Saving: Measurement, Trends, and Analysis," Federal Reserve Bulletin, vol. 77, no. 1, pp. 1-17.
  • Wilcox, David W. (1990). "Income Tax Refunds and the Timing of Consumption Expenditure," Working Paper Series 106. Board of Governors of the Federal Reserve System (U.S.).
  • English, William B., Jeffrey A. Miron, and David W. Wilcox (1989). "Seasonal Fluctuations and the Life Cycle-Permanent Income Model of Consumption: A Correction," Journal of Political Economy, vol. 97, no. 4, pp. 988-991.
  • Wilcox, David W. (1989). "Social Security Benefits, Consumption Expenditure, and the Life Cycle Hypothesis," Journal of Political Economy, vol. 97, no. 2, pp. 288-304.
  • Wilcox, David W. (1989). "The Sustainability of Government Deficits: Implications of the Present-Value Borrowing Constraint," Journal of Money, Credit, and Banking, vol. 21, no. 3, pp. 291-306.
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Last update: December 8, 2014