Contact Information
202-452-2534
david.m.arseneau@frb.gov

Fields of Interest
Monetary Policy
Open Economy Macroeconomics
Macroeconomics

Education
Ph.D., Economics, University of Virginia, 2004
B.A., Economics, Boston College, 1994

Professional Experience
Board of Governors of the Federal Reserve System, 2003-present
Adjunct Professor , Johns Hopkins University, Washington DC Center, 2008-Present

Selected Publications

• ''The Inflation Tax in an Open Economy with Imperfect Competition,'' Review of Economic Dynamics, vol. 10 (2007), pp. 126-147.
• ''Optimal Fiscal and Monetary Policy with Costly Wage Bargaining'' (with Sanjay K. Chugh), Journal of Monetary Economics (forthcoming).
• Expectation Traps in a New Keynesian Open Economy Model, Finance and Economics Discussion Series 2004-45. Washington: Board of Governors of the Federal Reserve System, 2004.
• Optimal Inflation in an Open Economy with Imperfect Competition, Finance and Economics Discussion Series 2004-25. Washington: Board of Governors of the Federal Reserve System, 2004.
• Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency (with Sanjay K. Chugh), International Finance Discussion Papers 870. Washington: Board of Governors of the Federal Reserve System, 2006.
• Bargaining, Fariness, and Price Rigidity in a DSGE Environment (with Sanjay K. Chugh), International Finance Discussion Papers 900. Washington: Board of Governors of the Federal Reserve System, 2007.
• Optimal Fiscal and Monetary Policy with Costly Wage Bargaining (Expanded Version) (with Sanjay K. Chugh), International Finance Discussion Papers 893. Washington: Board of Governors of the Federal Reserve System, 2007.
• Competitive Search Equilibrium in a DSGE Model (with Sanjay K. Chugh), International Finance Discussion Papers 929. Washington: Board of Governors of the Federal Reserve System, 2008.
• Optimal Fiscal and Monetary Policy in Customer Markets (with Sanjay K. Chugh), International Finance Discussion Papers 919. Washington: Board of Governors of the Federal Reserve System, 2008.