Professional Experience

• • Chief

    Board of Governors of the Federal Reserve System

  • 2008 - present

• • Economist

    Board of Governors of the Federal Reserve System

  • 2002 - 2008

• • Visiting Assistant Professor

    Purdue University

  • 2001 - 2002

Publications

• Mills, David C., and Samia Husain (Forthcoming). "Interlinkages between Payment and Securities Settlement Systems," Annals of Finance.
• Antinolfi, Gaetano, Francesca Carapella, Charles Kahn, Antoine Martin, David Mills, and Ed Nosal (2012). "Repos, Fire Sales, and Bankruptcy Policy," Working Paper Series WP-2012-15. Federal Reserve Bank of Chicago.
• Mills, David C.,Jr. (2008). "Imperfect Monitoring and the Discounting of Inside Money," International Economic Review, vol. 49, no. 3, pp. 737-754.
• Mills, David C., Jr., and Antoine Martin (2008). "An Economic Perspective on the Enforcement of Credit Arrangements: The Case of Daylight Overdrafts in Fedwire," Federal Reserve Bank of New York Economic Policy Review, vol. 14, no. 2, pp. 161-168.
• Mills, David C.,Jr., and Travis D. Nesmith (2008). "Risk and Concentration in Payment and Securities Settlement Systems," Journal of Monetary Economics, vol. 55, no. 3, pp. 542-553.
• Mills, David C. (2007). "Imperfect Monitoring and the Discounting of Inside Money," Finance and Economics Discussion Series 2007-58. Board of Governors of the Federal Reserve System (U.S.).
• Mills, David C., Jr. (2007). "A Model in which Outside and Inside Money are Essential," Macroeconomic Dynamics, vol. 11, no. 3, pp. 347-366.
• Mills, David C., Jr., and Travis D. Nesmith (2007). "Risk and Concentration in Payment and Securities Settlement Systems," Finance and Economics Discussion Series 2007-62. Board of Governors of the Federal Reserve System (U.S.).
• Mills, David C.,Jr. (2006). "Alternative Central Bank Credit Policies for Liquidity Provision in a Model of Payments," Journal of Monetary Economics, vol. 53, no. 7, pp. 1593-1611.
• Mills, David C.,Jr. (2006). "A Model in which Outside and Inside Money are Essential," Finance and Economics Discussion Series 2006-38. Board of Governors of the Federal Reserve System (U.S.).
• Mills, David C.,Jr. (2005). "Alternative Central Bank Credit Policies for Liquidity Provision in a Model of Payments," Finance and Economics Discussion Series 2005-55. Board of Governors of the Federal Reserve System (U.S.).
• Mills, David C.,Jr. (2004). "Mechanism Design and the Role of Enforcement in Freeman's Model of Payments," Review of Economic Dynamics, vol. 7, no. 1, pp. 219-236.
• Mills, David C. (2002). "The Size of Meetings and the Role of Money," Economics Letters, vol. 76, no. 3, pp. 337-343.
• Mills, David (2001). "Outside and Inside Money: A Mechanism Design Approach," Ph.D dissertation, Pennsylvania State University.

Presentations

• seminar

  2009

  University of Missouri

• seminar

  2009

  Federal Reserve Bank of Minneapolis

• seminar

  2008

  Federal Reserve Bank of Philadelphia

• seminar

  2007

  University of Alabama

• seminar

  2007

  Texas A&M University

• seminar

  2006

  Iowa State University

• seminar

  2004

  Federal Reserve Bank of New York

• seminar

  2004

  European Central Bank

• seminar

  2003

  University of Kentucky

• seminar

  2003

  Federal Reserve Bank of Richmond

• seminar

  2003

  Michigan State University

• seminar

  2001

  Purdue University

• seminar

  2001

  Federal Reserve Bank of Philadelphia

• seminar

  2001

  Federal Reserve Bank of Cleveland

• seminar

  2001

  United States Naval Academy

• conference

  2011

  The Optimal Design of Payments Systems Workshop, The Consortium on Financial Systems and Policy, Massachusetts Institute of Technology

• conference

  2009

  Federal Reserve Bank of New York's 4th Annual Money and Payments Workshop

• conference

  2009

  Bank of Canada Workshop on Payments Systems, Collateral and Liquidity

• conference

  2009

  Midwest Macroceconomics Meetings

• conference

  2008

  Federal Reserve Bank of Chicago Summer Workshop on Money, Banking and Payments

• conference

  2008

  Liquidity in Interdependent Transfer Systems Conference, Banque de France

• conference

  2007

  Federal Reserve Bank of Cleveland Summer Workshop on Money, Banking and Payments

• conference

  2007

  Midwest Macoreconomics Meetings

• conference

  2006

  Federal Reserve Bank of New York Workshop on Money and Payments

• conference

  2006

  Midwest Macroeconomics Meetings

• conference

  2006

  Winter Meetings of the Econometric Society

• conference

  2005

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

• conference

  2005

  Midwest Macroeconomics Meetings

• conference

  2004

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

• conference

  2004

  North American Summer Meetings of the Econometric Society

• conference

  2004

  Midwest Macroeconomics Meetings

• conference

  2003

  Midwest Economic Theory Meetings

• conference

  2003

  Federal Reserve Bank of Cleveland Monetary Theory Workshop

• conference

  2003

  North American Summer Meetings of the Econometric Society

• conference

  2003

  Midwest Macroeconomics Meetings

• conference

  2002

  Midwest Economic Theory Meetings

• conference

  2001

  Midwest Economic Theory Meetings

• conference

  2001

  Midwest Macroeconomics Meetings

• discussion

  2008

  Economics of Payments III Conference, Federal Reserve Bank of Atlanta

• discussion

  2006

  Winter Meetings of the Econometric Society

• discussion

  2004

  Seng Conference on Money, Banking and Economic Development, University of Notre Dame

• discussion

  2003

  Economics of Payments Conference, Federal Reserve Bank of Atlanta

• discussion

  2001

  North American Summer Meetings of the Econometric Society

Other Activities