Contact Information
202-452 2566
david.j.lopez-salido@frb.gov

Fields of Interest
Macroeconomics
Monetary Policy

Education
Ph.D., Economics, Universidad Complutense de Madrid, 1997
M.Sc., Economics, CEMFI, Madrid, 1993

Professional Experience
Board of Governors of the Federal Reserve System, 2006-present
Economist, Senior Economist, and Section Chief, Bank of Spain, 1997-2006

Selected Publications

• ''Money and the Natural Rate of Interest: Structural Estimates for the US and the Euro Area'' (with Javier Andres and Edward Nelson), Journal of Economic Dynamics and Control (forthcoming).
• ''Inflation Dynamics with Search Frictions: A Structural Econometric Analysis'' (with Michael Krause and Thomas Lubik), Journal of Monetary Economics (forthcoming).
• ''Monetary Aggregates and Liquidity in a Neo-Wickselian Framework'' (with Matthew Canzoneri, Behzad Diba, and Robert Cumby), Journal of Money, Credit, and Banking (forthcoming).
• ''Understanding the Effects Government Spending Shocks on Consumption'' (with Jordi Galí and Javier Vallés), Journal of the European Economic Association, vol. 5 (March 2007), pp. 227-270.
• ''Markups, Gaps, and the Welfare Cost of Economic Fluctuations '' (with Jordi Galí and Mark Gertler), Review of Economics and Statistics, vol. 89 (February 2007), pp. 44-59.
• ''Technology Shocks and Job Flows'' (with Claudio Michelacci), The Review of Economic Studies, vol. 74 (October 2007), pp. 1195-1227.
• ''The Transmission of Domestic Shocks in Open Economies'' (with Christopher Erceg and Christopher Gust), in Jordi Gali and Mark Gertler, ed., International Dimensions of Monetary Policy. Monetary Policy Series: NBER, 2007 (forthcoming).
• ''Inflation Persistence and Optimal Monetary Policy in Europe'' (with Pierpaolo Benigno), Journal of Money, Credit, and Banking, vol. 38 (March 2006), pp. 587-614.
• ''Money in a Estimated Business Cycle Model of the Euro Area'' (with Javier Andrés and Javier Vallés), Economic Journal, vol. 116 (April 2006), pp. 457-477.
• ''Robustness of Estimates of the Hybrid New Keynesian Phillips Curve'' (with Jordi Galí and Mark Gertler), Journal of Monetary Economics, vol. 52 (September 2005), pp. 1107-1118.
• ''Sticky Price Models and the Natural Rate Hypothesis'' (with Javier Andrés and Edward Nelson), Journal of Monetary Economics, vol. 52 (July 2005), pp. 1025-1053.
• ''Tobin's Imperfect Assets Substitution in Optimizing General Equilibrium'' (with Javier Andrés and Edward Nelson), Journal of Money, Credit, and Banking, vol. 36 (August 2004), pp. 665-690.
• ''Technology Shocks and Monetary Policy: Assessing the Fed's Performance'' (with Jordi Galí and Javier Valles), Journal of Monetary Economics , vol. 50 (May 2003), pp. 723-743.
• ''European Inflation Dynamics'' (with Jordi Galí and Mark Gertler), European Economic Review, vol. 45 (July 2001), pp. 1237-1270.