Contact Information
202-452-3542
sanjay.k.chugh@frb.gov

Fields of Interest
Macroeconomics
Monetary Economics
Fiscal Policy

Education
Ph.D., Economics, University of Pennsylvania, 2004
M.A., Economics, University of Pennsylvania, 2002
S.B., Economics; Biology, Massachusetts Institute of Technology, 1997

Professional Experience
Board of Governors of the Federal Reserve System, 2004-present
Adjunct Assistant Professor, Georgetown University, 2005
Adjunct Assistant Professor, Johns Hopkins University, 2005

Selected Publications

• ''Optimal Inflation Persistence: Ramsey Taxation with Capital and Habits,'' Journal of Monetary Economics (forthcoming).
• ''Optimal Fiscal and Monetary Policy with Sticky Wages and Sticky Prices,'' Review of Economic Dynamics, vol. 9 (October 2006), pp. 683-714.
• Optimal Fiscal and Monetary Policy When Money is Essential (with S. Boragan Aruoba), International Finance Discussion Papers 880. Washington: Board of Governors of the Federal Reserve System, 2006.
• Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency (with David M. Arseneau), International Finance Discussion Papers 870. Washington: Board of Governors of the Federal Reserve System, 2006.
• Optimal Fiscal and Monetary Policy with Sticky Wages and Sticky Prices, International Finance Discussion Papers 834. Washington: Board of Governors of the Federal Reserve System, 2005.
• Optimal Inflation Persistence: Ramsey Taxation with Capital and Habits, International Finance Discussion Papers 829. Washington: Board of Governors of the Federal Reserve System, 2005.
• Does Monetary Policy Keep Up with the Joneses? Optimal Interest-Rate Smoothing with Consumption Externalities, International Finance Discussion Papers 812. Washington: Board of Governors of the Federal Reserve System, 2004.