Contact Information
202-452-3068
dave.stockton@frb.gov

Fields of Interest
Macroeconomics
Monetary Policy
Prices

Education
Ph.D., Economics, Yale University, 1983
M.Phil., Economics, Yale University, 1978
B.A., Economics, University of Connecticut, 1976

Professional Experience
Board of Governors of the Federal Reserve System, 1981-present
Board of Directors, Securities Investor Protection Corporation, 2000-present

Selected Publications

• ''Econometric Models and the Monetary Policy Process'' (with David W. Wilcox and David L. Reifschneider), Carnegie-Rochester Conference Series on Public Policy, vol. 47 (December 1997), pp. 1-37.
• Inflation, Nominal Wage Rigidity, and the Efficiency of Labor Markets (with David E. Lebow and William L. Wascher), Finance and Economics Discussion Series 1995-94. Washington: Board of Governors of the Federal Reserve System, 1995.
• ''Evidence on the Flexibility of Prices'' (with John M. Roberts and Charles S. Struckmeyer), Review of Eocnomics and Statistics, vol. 76 (February 1994), pp. 142-50.
• ''Evidence on the Causes of Rising Dispersion of Relative Wages'' (with Edward B. Montgomery), Industrial Relations, vol. 33 (April 1994), pp. 206-28.
• ''The Business Cycle in the United States: Evaluating Traditional and Alternative Paradigms,'' in Business Cycle and Financial Policy Coordination. Tokyo: Economic Planning Agency of the Government of Japan, 1993.
• Economic Performance Under Price Stability (with David E. Lebow and John M. Roberts), Finance and Economics Discussion Series 1992-125. Washington: Board of Governors of the Federal Reserve System, 1992.
• ''Tests of the Specification and Predictive Accuracy of Nonnested Models of Inflation'' (with Charles S. Struckmeyer), Review of Economics and Statistics, vol. 71 (May 1989), pp. 275-83.
• ''Relative Price Dispersion, Aggregate Price Movement, and the Natural Rate of Unemployment,'' Economic Inquiry, vol. 26 (January 1988), pp. 1-22.
• ''An Evaluation of the Forecast Performance of Alternative Models of Inflation'' (with James E. Glassman), Review of Economics and Statistics, vol. 69 (February 1987), pp. 108-17.
• ''Unbiased Estimation of the Inflationary Effects of Relative Price Disturbances,'' Economic Letters, vol. 17 (1985), pp. 335-40.