David E. Altig
Executive Vice President and Chief Economic Adviser
About
Dave is executive vice president and chief economic adviser at the Federal Reserve Bank of Atlanta. He serves on the executive leadership team for the Bank's economic mobility and resilience strategic priority.
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Biography
David E. Altig is executive vice president and chief economic adviser at the Federal Reserve Bank of Atlanta. He serves on the executive leadership team for the Bank's economic mobility and resilience strategic priority and is a member of the executive leadership committee.
Altig is a fellow and past president of the National Association for Business Economics. In addition, he is a member of the advisory council of the Global Interdependence Center and its College of Central Bankers and a member of the National Business Economics Issues Council. He serves on the board of the Konstanz Seminar on Monetary Theory and Policy. He has research in several prominent professional journals, including the American Economic Review, the Journal of Econometrics, the Journal of Monetary Economics, and the National Tax Journal.
Before joining the Atlanta Fed in August 2007, Altig served as vice president and associate director of research at the Federal Reserve Bank of Cleveland, where he started as a staff economist in 1991. Before joining the Cleveland Fed, Altig was a faculty member in the department of business economics and public policy at Indiana University. He previously served as an adjunct faculty member in the Scheller School of Business at the Georgia Institute of Technology and from 1994 to 2019 Altig was an adjunct faculty member in the Booth School of Business at the University of Chicago. He has lectured at several other universities, including the Ohio State University, Case Western Reserve University, Duke University, the University of Iowa, the University of Wisconsin, and the Chinese Executive MBA program sponsored by the University of Minnesota and Lingnan College of Sun Yat-Sen University.
Published Work
Federal Reserve work covering the latest six years.
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Publications
2019
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "New Evidence Points to Mounting Trade Policy Effects on U.S. Business Activity." macroblog. Federal Reserve Bank of Atlanta. November 1, 2019.
Alan Auerbach, Darryl Koehler, Michael Leiseca, Laurence Kotlikoff, Victor Ye, David Altig, Patrick Higgins, and Ellyn Terry. "The Tax Cut and Jobs Act, SALT, and the Blue State Blues: It's All Relative." macroblog. Federal Reserve Bank of Atlanta. June 7, 2019.
David Altig, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer, and Nicholas Parker. "Surveying Business Uncertainty." Working Paper 2019-13c. Federal Reserve Bank of Atlanta. June 2019 (Revised July 2019; February and August 2020).
David Altig, Alan Auerbach, Patrick Higgins, Darryl Koehler, Laurence Kotlikoff, Ellyn Terry, and Victor Ye. "Did the 2017 Tax Reform Discriminate against Blue State Voters?" Working Paper 2019-07. Federal Reserve Bank of Atlanta. April 2019.
David Altig and Laurence J. Kotlikoff. "A Different Type of Tax Reform." macroblog. Federal Reserve Bank of Atlanta. March 22, 2019.
David Altig, Nick Bloom, Steven J. Davis, Brent Meyer, and Nick Parker. "Tariff Worries and U.S. Business Investment, Take Two." macroblog. Federal Reserve Bank of Atlanta. February 25, 2019.
2018
David Altig, Nick Bloom, Steven J. Davis, Brent Meyer, and Nick Parker. "Are Tariff Worries Cutting into Business Investment?" macroblog. Federal Reserve Bank of Atlanta. August 7, 2018.
Dave Altig, Nick Parker, Brent Meyer, Steve Davis, Nick Bloom, and José Barrero. "Now What Are Businesses Saying about Tax Reform ." macroblog. Federal Reserve Bank of Atlanta. March 23, 2018.
Dave Altig, Brent Meyer, and Nick Parker. "What Businesses Said about Tax Reform." macroblog. Federal Reserve Bank of Atlanta. January 17, 2018.
2017
Dave Altig, Nicholas Parker, and Brent Meyer. "The Fed's Inflation Goal: What Does the Public Know?"macroblog. Federal Reserve Bank of Atlanta. April 19, 2017.
Nicholas Parker and Dave Altig. "Gauging Firm Optimism in a Time of Transition." macroblog. Federal Reserve Bank of Atlanta. March 2, 2017.
Dave Altig and Ellyn Terry. "Can Tight Labor Markets Inhibit Investment Growth?." macroblog. Federal Reserve Bank of Atlanta. February 28, 2017.
2016
Dave Altig and Patrick Higgins. "How Good Is The Employment Trend? Decide for Yourself." macroblog. Federal Reserve Bank of Atlanta. July 15, 2016.
David Altig. "Is the Labor Market Tossing a Fair Coin?." macroblog. Federal Reserve Bank of Atlanta. July 7, 2016.
2015
David Altig. "Far Away Yet Close to Home: Discussing the Global Economy's Effects."macroblog. Federal Reserve Bank of Atlanta. July 1, 2015.
David Altig. "All Eyes on the Consumer."macroblog. Federal Reserve Bank of Atlanta. May 7, 2015.
David Altig. "What the Weather Wrought." macroblog. Federal Reserve Bank of Atlanta. April 20, 2015.
2004
David Altig, Lawrence Christiano, Martin Eichenbaum, and Jesper Linde. "Firm-Specific Capital, Nominal Rigidities, and the Business Cycle." Working Paper 04-16. Federal Reserve Bank of Cleveland. December 2004.
David Altig. "When Is a Rate Hike Not Tighter Policy?." Economic Commentary. Federal Reserve Bank of Cleveland. August 1, 2004.
2003
David Altig. "What Is the Right Inflation Rate?." Economic Commentary. Federal Reserve Bank of Cleveland. September 15, 2003.
2002
David Altig. "Dollarization: What's in It for US?." Economic Commentary. Federal Reserve Bank of Cleveland. October 15, 2002.
David Altig. "Why Is Stable Money Such a Big Deal?." Economic Commentary. Federal Reserve Bank of Cleveland. May 1, 2002.
David Altig and Ed Nosal. "Why Haven't Long-Term Interest Rates Fallen?" Economic Commentary. Federal Reserve Bank of Cleveland. January 1, 2002.
2000
David Altig. "Fiscal Policy and Fickle Fortunes: What's Luck Got to Do With It?" Economic Commentary. Federal Reserve Bank of Cleveland. April 1, 2000.
1999
David Altig and Owen F. Humpage. "Dollarization and Monetary Sovereignty: The Case of Argentina." Economic Commentary. Federal Reserve Bank of Cleveland. September 15, 1999.
David Altig. "Growth and the Internet: Surfing to Prosperity?" Economic Commentary. Federal Reserve Bank of Cleveland. September 1, 1999.
David Altig and Jagadeesh Gokhale. "Fixing Social Security: Is the Surplus the Solution?" Economic Commentary. Federal Reserve Bank of Cleveland. April 1, 1999.
1998
David Altig and Alan Stockman. "Sources of Business Cycles in Korea and the United States." Working Paper 98-22. Federal Reserve Bank of Cleveland. December 1998.
David Altig and Paul Gomme. "In Search of the NAIRU" Economic Commentary. Federal Reserve Bank of Cleveland. May 1, 1998.
David Altig, Jan Walliser, Alan J. Auerbach, Lawrence J. Kotlikoff, and Kent Smetters. "Assessing Fundamental Tax Reform." Economic Commentary. Federal Reserve Bank of Cleveland. January 15, 1998.
1997
David Altig, Alan Auerbach, Laurence Kotlikoff, Kent Smetters, and Jan Walliser. "Simulating U.S. Tax Reform." Working Paper 97-17 . Federal Reserve Bank of Cleveland. August 1997.
David Altig, Terry J. Fitzgerald, and Peter C. Rupert. "Okun's Law Revisited: Should We Worry about Low Unemployment?" Economic Commentary. Federal Reserve Bank of Cleveland. May 15, 1997.
David Altig, Terry J. Fitzgerald, and Peter C. Rupert. "Is Noninflationary Growth an Oxymoron? " Economic Commentary. Federal Reserve Bank of Cleveland. May 1, 1997.
Altig, David, and Jagadeesh Gokhale. "Social Security Privatization: A Simple Proposal." Working Paper 97-03. Federal Reserve Bank of Cleveland. April 1997.
1996
David Altig and Charles Carlstrom. "Marginal Tax Rates and Income Inequality in a Life-Cycle Model." Working Paper 96-21. Federal Reserve Bank of Cleveland. December 1996.
David Altig and Jagadeesh Gokhale. "A Simple Proposal for Privatizing Social Security." Economic Commentary. Federal Reserve Bank of Cleveland. May 1, 1996.
David Altig. "Making Sense of the Federal Budget Impasse." Economic Commentary. Federal Reserve Bank of Cleveland. January 15, 1996.
1995
David Altig and Charles T. Carlstrom. "A Conference on Liquidity, Monetary Policy, and Financial Intermediation." Economic Review. Federal Reserve Bank of Cleveland. 1995 Q4.
David Altig and Charles Carlstrom. "Marginal Tax Rates and Income Inequality: A Quantitative-Theoretic Analysis." Working Paper 95-08. Federal Reserve Bank of Cleveland. August 1995.
David Altig and Charles Carlstrom. "Computable General-Equilibrium Models and Monetary Policy Advice." Working Paper 95-03. Federal Reserve Bank of Cleveland. May 1995.
David Altig. "Monetary Policy: An Interpretation of 1994, a Challenge for 1995." Economic Commentary. Federal Reserve Bank of Cleveland. February 15, 1995.
1994
David Altig and Charles T. Carlstrom. "The Efficiency and Welfare Effects of Tax Reform: Are Fewer Tax Brackets Better Than More?." Economic Review. Federal Reserve Bank of Cleveland. 1994 No4.
David Altig and Jagadeesh Gokhale. "Health Care Reform from a Generational Perspective." Economic Commentary. Federal Reserve Bank of Cleveland. April 15, 1994.
David Altig and Jagadeesh Gokhale. "Back to the Future: Prospective Deficits through the Prism of the Past." Economic Commentary. Federal Reserve Bank of Cleveland. March 15, 1994.
1993
David Altig and Jagadeesh Gokhale. "The Budget Reconciliation Act of 1993: A Summary Report." Economic Commentary. Federal Reserve Bank of Cleveland. October 15, 1993.
David Altig and Charles T. Carlstrom. "Using Bracket Creep to Raise Revenue: A Bad Idea Whose Time Has Passed." Economic Review. Federal Reserve Bank of Cleveland. 1993 No2.
David Altig and Jagadeesh Gokhale. "An Overview of the Clinton Budget Plan." Economic Commentary. Federal Reserve Bank of Cleveland. March 1, 1993.
David Altig. "Some Fiscal Advice for the New Government: Don't Let the Sun Go Down on BEA." Economic Commentary. Federal Reserve Bank of Cleveland. February 1, 1993.
1992
David Altig and Charles Carlstrom. "The Efficiency and Welfare Effects of Tax Reform: Are Fewer Tax Brackets Better Than More?." Working Paper 92-12. Federal Reserve Bank of Cleveland. November 1992.
David Altig. "Federal Credit and Insurance Programs: Beyond the Deficit Diversion." Economic Commentary. Federal Reserve Bank of Cleveland. November 15, 1992.
David Altig and Michael F. Bryan. "Can Conventional Theory Explain the Unconventional Recovery?" Economic Commentary. Federal Reserve Bank of Cleveland. April 15, 1992.
David Altig. "An Ebbing Tide Lowers All Boats: Monetary Policy, Inflation, and Social Justice." Economic Review. Federal Reserve Bank of Cleveland. 1992 Q2.
David Altig, Susan M. Byrne, and Katherine A. Samolyk. "Is Household Debt Inhibiting the Recovery?" Economic Commentary. Federal Reserve Bank of Cleveland. February 15, 1992.
1991
David Altig and Katherine A. Samolyk. "Increasing National Saving: Are IRAs the Answer?" Economic Commentary. Federal Reserve Bank of Cleveland. September 1, 1991.
David Altig and Charles Carlstrom. "Bracket Creep in the Age of Indexing: Have We Solved the Problem?." Working Paper 91-08. Federal Reserve Bank of Cleveland. June 1991.
David Altig and Charles Carlstrom. "Inflation, Personal Taxes, and Real Output: A Dynamic Analysis." Working Paper 91-02. Federal Reserve Bank of Cleveland. February 1991.
1990
David Altig. "The Case of the Missing Interest Deductions: Will Tax Reform Increase U.S. Saving Rates?" Economic Review. Federal Reserve Bank of Cleveland. 1990 No4.
David Altig and Charles Carlstrom. "Inflation and the Personal Tax Code: Assessing Indexation." Working Paper 90-06. Federal Reserve Bank of Cleveland. July 1990.
David Altig. "Making Sense of the Moynihan Gambit: A Perspective on the Social Security Debate." Economic Commentary. Federal Reserve Bank of Cleveland. June 1, 1990.
1989
David Altig and Steven Davis. "Altruism, Borrowing Constraints, and Social Security." Working Paper 89-18. Federal Reserve Bank of Cleveland. December 1989.
David Altig and Steven Davis. "The Timing of Intergenerational Transfers, Tax Policy, and Aggregate Savings." Working Paper 89-17. Federal Reserve Bank of Cleveland. December 1989.
Podcasts
2019
Dave Altig (interviewer) and and Meghan Cummings. ""Get to Know Your Workforce": Discussing the Benefits Cliff." Economy Matters podcast. November 7, 2019.
Videos
2018
Dave Altig. "The Tech Revolution: Is This Time Different?." ECONversations. 2018 August.
2015
Dave Altig. "Labor Market Strong, Economy on Track." ECONversations. 2015 November.
Dave Altig. "Despite Rough Start to 2015, Economy Still on Track." ECONversations. 2015 July.
2014
Dave Altig. "U.S. Economy Back on Track after a Disappointing Start to the Year." ECONversations. 2014 November.
Dave Altig. "Despite a Disappointing Start to 2014, Economic Growth Should Rebound." ECONversations. 2014 June.
External work by Atlanta Fed staff.
2022
"Surveying Business Uncertainty" (November 2022) with David Altig, Jose Barrero, Nick Bloom, Steve Davis, and Nick Parker, Journal of Econometrics.
2020
"Economic Uncertainty Before and During the COVID-19 Pandemic" (August 2020), with David Altig, Scott Baker, Jose Barrero, Nick Bloom, Phil Bunn, Scarlet Chen, Steven J. Davis, Emil Mihaylov, Paul Mizen, Nick Parker, Thomas Renault, Pawel Smietanka, and Greg Thwaites, Journal of Public Economics.