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David Andolfatto

Affiliation: Simon Fraser University and St. Louis Fed

David Andolfatto is a Vice President in the Research Division of the Federal Reserve Bank of St. Louis. He is also a professor of economics at Simon Fraser University.

Professor Andolfatto earned his Ph.D. in economics from the University of Western Ontario in 1994, M.A. and B.B.A. from Simon Fraser University. He was associate professor at the University of Waterloo before moving to Simon Fraser University in 2000.

His current research is focused on reconciling theories of money and banking. His past research has examined questions relating to the business cycle, contract design, bank-runs, unemployment insurance, monetary policy regimes, endogenous debt constraints, and technology diffusion.

Visit: MacroMania, David Andolfatto's Page




David Andolfatto's Latest Articles | 64

Tax Policy Shocks and the Business Cycle

May 21, 2012| 

I have to admit that I never ascribed much importance to the idea of “tax policy shocks” as an important driver of the U.S. postwar business cycle. I... Read »

What is a “Responsible” Homeowner?

May 12, 2012| 2

Many American families bought their homes at or near the peak of the house price boom. “Through no fault of their own” (individually, not collectively),... Read »

Is Higher Inflation Really the Answer?

May 3, 2012| 

A lot of people, including those who favor NGDP targeting, want the Fed to raise the rate of inflation; at least, temporarily. Three questions immediately come to... Read »

NGDP Targeting: Some Questions

Apr 29, 2012| 

Let me start by saying that the idea of a NGDP target does not sound outlandish to me. But I feel the same way about price-level and inflation targeting. The first... Read »

Labour Market Mismatch (Canadiana)

Apr 11, 2012| 

A reader of mine passed along a link to an article discussing some issues that firms and workers are facing in the Canadian labor market; see The widening gap in... Read »

Fiscal Policy Ineffectiveness in the Interwar Period

Mar 13, 2012| 

Gregor Smith forwards me this paper (coauthored with Nicolas-Guillaume Martineau) that estimates the impact of government spending growth on real GDP growth, using... Read »

The Regional Dispersion in U.S. Vacancy and Unemployment Rates

Jan 4, 2012| 

Since I happen to have handy some regional data on the help-wanted index (HWI) for the U.S., I thought it might be interesting to see whether U.S. vacancy and unemployment... Read »

Does Krugman Understand Ricardian Equivalence? (Wonkish)

Dec 27, 2011| 1

Suppose that the government wants to acquire the resources necessary to implement a new expenditure program G = {g1, g2, g3 … }, where gt denotes government... Read »

On Bagehot’s Penalty Rate

Dec 1, 2011| 

What principles should govern the way a lender-of-last-resort (LLR) operates during a financial crisis? On this question, one is frequently referred to two key... Read »

A Bridge Over the Macroeconomic Divide

Nov 28, 2011| 

No one can deny that Paul Krugman is a gifted expositor of economic ideas. His column today, ”Death by Hawkery,” constitutes a fine example of this... Read »

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