Education
Ph.D. Economics
Ohio State University
1982
B.A. Economics
Xavier University
Cincinnati, Ohio
1970
Contact Info
Phone: (314) 444-8578
Fax: (314) 444-8731
Email: gavin@stls.frb.org
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
William T. Gavin
Vice President and Review Editor
Review Articles
"Taylor-Type Rules and Total Factor Productivity
William T. Gavin, Benjamin D. Keen, and Michael R. Pakko"
with Benjamin D. Keen and Michael R. Pakko
Federal Reserve Bank of St. Louis Review, January/February 2012, 94(1), pp. 41-64.
"What Explains the Growth in Commodity Derivatives?"
with Parantap Basu
Federal Reserve Bank of St. Louis Review, January/February 2011, 93(1), pp. 37-48.
"Editor's Introduction: Debt, Financial Markets, and Monetary Policy — The 34th Annual
Economic Policy Conference"
Federal Reserve Bank of St. Louis Review, July/August 2010, 92(4), pp. 225-28.
"More Money: Understanding Recent Changes in the Monetary Base"
Federal Reserve Bank of St. Louis Review, March/April 2009, 91(2), pp. 49-59.
"FOMC Consensus Forecasts"
with Geetanjali Pande
Federal Reserve Bank of St. Louis Review, May/June 2008, 90(3, Part 1), pp. 149-63.
Selected Published Papers
"Inflation Risk and Optimal Monetary Policy"
with Benjamin D. Keen and Michael R. Pakko
Macroeconomic Dynamics, May 2009, 13(Supplement 1), pp. 58-75.
"Monetary Policy, Taxes, and the Business Cycle"
with Finn E. Kydland and Michael R. Pakko
Journal of Monetary Economics, September 2007, 54(6), pp. 1587-1611.
"Gold, Fiat Money and Price Stability"
with Michael D. Bordo and Robert D. Dittmar
B.E. Journals, Topics in Macroeconomics, 2007, 7(1), Article 26.
"Inflation-Targeting, Price-Path Targeting and Indeterminacy"
with Robert D. Dittmar
Economics Letters, September 2005, 88(3), pp. 336-42.
"Inflation Persistence and Flexible Prices"
with Robert Dittmar and Finn E. Kydland
International Economic Review, February 2005, 46(1), pp. 245-61.
Other Federal Reserve Publications
"CPI Inflation: Running on Motor Fuel"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 13.
"Deflation and the Fisher Equation"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 27.
"Are Low Interest Rates Good for Consumers?"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 3.
Other Publications
"Comment on 'Open Market Operations—Their Role and Specification Today' By Ulrich Bindseil and Flemming Würtz"
in D.G. Mayes and J. Toporowski, eds., Open Market Operations and Financial Markets. Abingdon and New York: Routledge, 2007, pp. 80-85.
"Controlling Inflation after Bretton Woods: An Analysis Based on Policy Objectives"
Chapter 3 in Inflation Targeting in Transition Economies: The Case of the Czech Republic,
Warren Coats, ed. Czech National Bank and the International Monetary Fund, 2000, pp. 39-59.
Working Papers
"Negative Correlation between Stock and Futures Returns: An Unexploited Hedging Opportunity?"
with Parantap Basu
Working Paper 2011-005B posted January 2011, updated November 2011
"Taylor-Type Rules and Permanent Shifts in Productivity Growth"
with Benjamin D. Keen and Michael R. Pakko
Working Paper 2009-049A posted September 2009