Photo of David B. Cashin

David B. Cashin

Education

  • Ph.D., Economics, University of Michigan, 2013
Current Research Topics
  • State and local government
  • Crowd-sourced forecasting
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2019 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2016
  • Associate Economist

    Federal Reserve Bank of Chicago

    2005 - 2007
  • Treasury Safety, Liquidity, and Money Premium Dynamics: Evidence from Debt Limit Impasses
    David Cashin, Erin E. Syron Ferris, and Elizabeth Klee
    Journal of Money, Credit and Banking (Forthcoming)
    https://doi.org/10.1111/jmcb.12999
    See also » FRB Working Paper (2020)
  • The Restrained Recovery of State and Local Government Payrolls from the Pandemic Recession
    David Cashin, Byron Lutz, William Peterman, David Ratner, and Sarah Rodman
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3369
  • Spending Responses to High-Frequency Shifts in Payment Timing: Evidence from the Earned Income Tax Credit
    Aditya Aladangady, Shifrah Aron-Dine, David Cashin, Wendy Dunn, Laura Feiveson, Paul Lengermann, Katherine Richard, and Claudia Sahm
    American Economic Journal: Economic Policy (2023)
    https://doi.org/10.1257/pol.20200590
  • The Spending and Consumption Response to a VAT Rate Increase
    David Cashin and Takashi Unayama
    National Tax Journal (2021)
    https://doi.org/10.1086/714368
  • Treasury Safety, Liquidity, and Money Premium Dynamics: Evidence from Recent Debt Limit Impasses
    David Cashin, Erin E. Syron Ferris, and Elizabeth Klee
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.008
  • High-frequency Spending Responses to the Earned Income Tax Credit
    Aditya Aladangady, Shifrah Aron-Dine, David Cashin, Wendy Dunn, Laura Feiveson, Paul Lengermann, Katherine Richard, and Claudia Sahm
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2199
  • Fiscal Policy and Aggregate Demand in the USA Before, During and Following the Great Recession
    David Cashin, Jamie Lenney, Byron Lutz, and William Peterman
    International Tax and Public Finance (2018)
    https://doi.org/10.1007/s10797-018-9497-0
    See also » FRB Working Paper (2017)
  • The Household Expenditure Response to a Consumption Tax Rate Increase
    David Cashin
    Finance and Economics Discussion Series (2017)
    https://doi.org/10.17016/FEDS.2017.035
  • Measuring Intertemporal Substitution in Consumption: Evidence from a VAT Increase in Japan
    David Cashin and Takashi Unayama
    Review of Economics and Statistics (2016)
    https://doi.org/10.1162/REST_a_00531
  • The Impact of a Permanent Income Shock on Consumption: Evidence from Japan's 2014 VAT Increase
    David Cashin and Takashi Unayama
    Discussion paper series (Research Institute of Economy, Trade & Industry) (2016)
  • Projections of Economic Well-Being for Social Security Beneficiaries in 2022 and 2062
    Barbara A. Butrica, David B. Cashin, and Cori E. Uccello
    Social Security Bulletin (2005)
  • seminar

    January 2020

    Victoria University of Wellington (New Zealand)

    High-Frequency Spending Responses to the Earned Income Tax Credit

  • seminar

    December 2019

    Hitotsubashi University (Japan)

    High-Frequency Spending Responses to the Earned Income Tax Credit

  • conference

    August 2019

    International Institute of Public Finance Annual Congress

    Treasury Money Premium Dynamics: Evidence from Recent Debt Limit Impasses

  • conference

    April 2019

    NBER Public Economics Program Meeting

    High-Frequency Spending Responses to the Earned Income Tax Credit

  • conference

    December 2018

    Conference on Advances in Applied Macro-Finance

    The Daily-Frequency Money Premium: Evidence from Recent Debt Limit Impasses

  • conference

    November 2018

    111th Annual Conference on Taxation

    High-Frequency Spending Responses to the Earned Income Tax Credit

  • conference

    August 2018

    International Institute of Public Finance Annual Congress

    High-Frequency Spending Responses to the Earned Income Tax Credit

  • conference

    May 2018

    Federal Reserve System Applied Microeconomics Conference

    High-Frequency Spending Responses to the Earned Income Tax Credit

  • conference

    March 2017

    Federal Reserve System Day-Ahead Meeting on Fiscal Policy

    Fiscal Policy and Aggregate Demand in the U.S. Before, During, and Following the Great Recession

  • conference

    February 2017

    "Japan's Economic and Security Policy in the Trump Era" (University of Michigan)

    The Consumption Response to VAT Increases in Japan: What We Know and What to Expect Next Time

  • conference

    November 2016

    109th Annual Conference on Taxation

    Fiscal Policy and Aggregate Demand in the U.S. Before, During, and Following the Great Recession

  • conference

    November 2016

    109th Annual Conference on Taxation

    The Impact of a Permanent Income Shock on Consumption: Evidence from Japan's 2014 VAT Increase

  • conference

    August 2016

    International Institute of Public Finance Annual Congress

    The Impact of a Permanent Income Shock on Consumption: Evidence from Japan's 2014 VAT Increase

  • conference

    August 2016

    NBER Japan Meetings

    The Impact of a Permanent Income Shock on Consumption: Evidence from Japan's 2014 VAT Increase

  • conference

    May 2016

    Federal Reserve System Applied Microeconomics Conference

    The Impact of a Permanent Income Shock on Consumption: Evidence from

  • seminar

    November 2015

    Hitotsubashi University (Japan)

    Take it to the Limit: The Debt Ceiling, Political Brinkmanship, and Treasury Yields

  • seminar

    November 2015

    National Graduate Institute for Policy Studies (Japan)

    Take it to the Limit: The Debt Ceiling, Political Brinkmanship, and Treasury Yields

  • conference

    August 2015

    International Institute of Public Finance Annual Congress

    Take it to the Limit: The Debt Ceiling, Political Brinkmanship, and Treasury Yields

  • conference

    November 2014

    107th Annual Conference on Taxation

    Take it to the Limit: The Debt Ceiling, Political Brinkmanship, and Treasury Yields

  • seminar

    March 2014

    University of New Mexico

    Characterizing Intertemporal Substitution via Pre-Announced Consumption Tax Increase

  • conference

    August 2013

    International Institute of Public Finance Annual Congress

    Characterizing Intertemporal Substitution via Pre-Announced Consumption Tax Increase

Awards
  • 2021

    National Tax Association

    Richard A. Musgrave Prize for best article published in the National Tax Journal

Conference Organization
  • August 2022 | Linz, Austria

    2022 Annual Congress of the International Institute of Public Finance

    Scientific Committee Member

  • November 2016 | Baltimore, MD

    109th Annual Conference on Taxation

    Organized Macro/Fiscal Policy sessions

Referee
  • Quarterly Journal of Economics
  • Review of Economic Studies
  • American Economic Journal: Macroeconomics
  • American Economic Journal: Economic Policy
  • Journal of Public Economics
  • Journal of Labor Economics
  • Journal of Money, Credit and Banking
  • Journal of the European Economic Association
  • National Tax Journal
  • Journal of International Money and Finance
Professional Affiliation
  • American Economic Association
  • National Tax Association
  • International Institute of Public Finance
  • Fellow, British-American Project
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Last Update: December 1, 2023