photo of Dave Altig

David E. Altig

Executive Vice President and Director of Research
email :: 404-498-8824

To interview economists, press should contact Public Affairs at 404-498-8748.

  • Biography

    Updated August 2016

    Dr. David E. Altig is executive vice president and director of research at the Federal Reserve Bank of Atlanta. In addition to advising the Bank president on monetary policy and related matters, Dr. Altig oversees the Bank's regional executives and the Bank's research department. He also serves as a member of the Bank's management and discount committees. He leads the Atlanta Fed's macroblog, which provides commentary on economic topics, including monetary policy, macroeconomic developments, and the Southeast economy.

    Dr. Altig also serves as an adjunct professor of economics in the Booth School of Business at the University of Chicago, where he was the recipient of the 2010 Einhorn award for excellence in executive MBA teaching. In 2016, he was elected to a three-year term as a director of the National Association for Business Economics (NABE). He is also a member of the board of the Global Interdependence Center and the advisory board of Atlanta-based Neighborhood Nexus.

    Prior to joining the Atlanta Fed, Dr. Altig served as vice president and associate director of research at the Federal Reserve Bank of Cleveland. He joined the Cleveland Fed in 1991 as an economist before being promoted in 1997. Before joining the Cleveland Fed, Dr. Altig was a faculty member in the department of business economics and public policy at Indiana University. He also has lectured at the Ohio State University, Brown University, Case Western Reserve University, Cleveland State University, Duke University, John Carroll University, Kent State University, the University of Iowa, and the University of Wisconsin, as well as in the Chinese Executive MBA program sponsored by the University of Minnesota and Lingnan College of Sun Yat-Sen University.

    Dr. Altig graduated from the University of Iowa with a bachelor's degree in business administration. He earned his master's and doctoral degrees in economics from Brown University.

    He and his wife Pam have four children and six grandchildren.

  • Working Papers

    Cleveland Fed Working PapersOff-site link

    14-16
    Firm-Specific Capital, Nominal Rigidities, and the Business Cycle
    David Altig, Lawrence Christiano, Martin Eichenbaum, and Jesper Linde
    December 2004
    Abstract | Full text Adobe PDF file format (863 KB)

    98-22
    Sources of Business Cycles in Korea and the United States
    David Altig and Alan Stockman
    December 1998
    Abstract | Full text Adobe PDF file format (348 KB)

    97-17
    Simulating U.S. Tax Reform
    David Altig, Alan Auerbach, Laurence Kotlikoff, Kent Smetters, and Jan Walliser
    August 1997
    Abstract | Full text Adobe PDF file format (449 KB)

    97-03
    Social Security Privatization: A Simple Proposal
    Altig, David, and Jagadeesh Gokhale
    April 1997
    Abstract | Full text Adobe PDF file format (460 KB)

    96-21
    Marginal Tax Rates and Income Inequality in a Life-Cycle Model
    David Altig and Charles Carlstrom
    December 1996
    Abstract | Full text Adobe PDF file format (2.52 MB)

    95-08
    Marginal Tax Rates and Income Inequality: A Quantitative-Theoretic Analysis
    David Altig and Charles Carlstrom
    August 1995
    Abstract | Full text Adobe PDF file format (1.76 MB)

    95-03
    Computable General-Equilibrium Models and Monetary Policy Advice
    David Altig and Charles Carlstrom
    May 1995
    Abstract | Full text Adobe PDF file format (1.39 MB)

    92-12
    The Efficiency and Welfare Effects of Tax Reform: Are Fewer Tax Brackets Better Than More?
    David Altig and Charles Carlstrom
    November 1992
    Abstract | Full text Adobe PDF file format (1.36 MB)

    91-08
    Bracket Creep in the Age of Indexing: Have We Solved the Problem?
    David Altig and Charles Carlstrom
    June 1991
    Abstract | Full text Adobe PDF file format (848 KB)

    91-02
    Inflation, Personal Taxes, and Real Output: A Dynamic Analysis
    David Altig and Charles Carlstrom
    February 1991
    Abstract | Full text Adobe PDF file format (2.56 MB)

    90-06
    Inflation and the Personal Tax Code: Assessing Indexation
    David Altig and Charles Carlstrom
    July 1990
    Abstract | Full text Adobe PDF file format (1.29 MB)

    89-18
    Altruism, Borrowing Constraints, and Social Security
    David Altig and Steven Davis
    December 1989
    Abstract | Full text Adobe PDF file format (566 KB)

    89-17
    The Timing of Intergenerational Transfers, Tax Policy, and Aggregate Savings
    David Altig and Steven Davis
    December 1989
    Abstract | Full text Adobe PDF file format (436 KB)

  • Other Fed Work

    ArticlesOff-site link

    David Altig. "When Is a Rate Hike Not Tighter Policy?," Federal Reserve Bank of Cleveland Economic Commentary, August 1, 2004.
    Abstract | Full text Adobe PDF file format (119 KB)

    David Altig. "What Is the Right Inflation Rate?," Federal Reserve Bank of Cleveland Economic Commentary, September 15, 2003.
    Abstract | Full text Adobe PDF file format (263 KB)

    David Altig. "Dollarization: What's in It for US?," Federal Reserve Bank of Cleveland Economic Commentary, October 15, 2002.
    Abstract | Full text Adobe PDF file format (95 KB)

    David Altig. "Why Is Stable Money Such a Big Deal?," Federal Reserve Bank of Cleveland Economic Commentary, May 1, 2002.
    Abstract | Full text Adobe PDF file format (53 KB)

    David Altig and Ed Nosal. "Why Haven't Long-Term Interest Rates Fallen?," Federal Reserve Bank of Cleveland Economic Commentary, January 1, 2002.
    Abstract | Full text Adobe PDF file format (53 KB)

    David Altig. "Fiscal Policy and Fickle Fortunes: What's Luck Got to Do With It?," Federal Reserve Bank of Cleveland Economic Commentary, April 1, 2000.
    Abstract | Full text Adobe PDF file format (30 KB)

    David Altig and Owen F. Humpage. "Dollarization and Monetary Sovereignty: The Case of Argentina," Federal Reserve Bank of Cleveland Economic Commentary, September 15, 1999.
    Abstract | Full text Adobe PDF file format (25 KB)

    David Altig. "Growth and the Internet: Surfing to Prosperity?," Federal Reserve Bank of Cleveland Economic Commentary, September 1, 1999.
    Abstract | Full text Adobe PDF file format (41 KB)

    David Altig and Jagadeesh Gokhale. "Fixing Social Security: Is the Surplus the Solution?," Federal Reserve Bank of Cleveland Economic Commentary, April 1, 1999.
    Abstract | Full text Adobe PDF file format (25 KB)

    David Altig and Paul Gomme. "In Search of the NAIRU," Federal Reserve Bank of Cleveland Economic Commentary, May 1, 1998.
    Abstract | Full text Adobe PDF file format (27 KB)

    David Altig, Jan Walliser, Alan J. Auerbach, Lawrence J. Kotlikoff, and Kent Smetters. "Assessing Fundamental Tax Reform," Federal Reserve Bank of Cleveland Economic Commentary, January 15, 1998.
    Abstract | Full text Adobe PDF file format (33 KB)

    David Altig, Terry J. Fitzgerald, and Peter C. Rupert. "Okun's Law Revisited: Should We Worry about Low Unemployment?," Federal Reserve Bank of Cleveland Economic Commentary, May 15, 1997.
    Abstract | Full text Adobe PDF file format (33 KB)

    David Altig, Terry J. Fitzgerald, and Peter C. Rupert. "Is Noninflationary Growth an Oxymoron?," Federal Reserve Bank of Cleveland Economic Commentary, May 1, 1997.
    Abstract | Full text Adobe PDF file format (976 KB)

    David Altig and Jagadeesh Gokhale. "A Simple Proposal for Privatizing Social Security," Federal Reserve Bank of Cleveland Economic Commentary, May 1, 1996.
    Abstract | Full text Adobe PDF file format (888 KB)

    David Altig. "Making Sense of the Federal Budget Impasse," Federal Reserve Bank of Cleveland Economic Commentary, January 15, 1996.
    Abstract | Full text Adobe PDF file format (673 KB)

    David Altig and Charles T. Carlstrom. "A Conference on Liquidity, Monetary Policy, and Financial Intermediation," Federal Reserve Bank of Cleveland Economic Review (1995 Q4).
    Abstract | Full text Adobe PDF file format (71.3 KB)

    David Altig. "Monetary Policy: An Interpretation of 1994, a Challenge for 1995," Federal Reserve Bank of Cleveland Economic Commentary, February 15, 1995.
    Abstract | Full text Adobe PDF file format (223 KB)

    David Altig and Charles T. Carlstrom. "The Efficiency and Welfare Effects of Tax Reform: Are Fewer Tax Brackets Better Than More?," Federal Reserve Bank of Cleveland, Economic Review, (1994 No4).
    Abstract | Full text Adobe PDF file format (541 KB)

    David Altig and Jagadeesh Gokhale. "Health Care Reform from a Generational Perspective," Federal Reserve Bank of Cleveland Economic Commentary, April 15, 1994.
    Abstract | Full text Adobe PDF file format (241 KB)

    David Altig and Jagadeesh Gokhale. "Back to the Future: Prospective Deficits through the Prism of the Past," Federal Reserve Bank of Cleveland Economic Commentary, March 15, 1994.
    Abstract | Full text Adobe PDF file format (264 KB)

    David Altig and Jagadeesh Gokhale. "The Budget Reconciliation Act of 1993: A Summary Report," Federal Reserve Bank of Cleveland Economic Commentary, October 15, 1993.
    Abstract | Full text Adobe PDF file format (251 KB)

    David Altig and Charles T. Carlstrom. "Using Bracket Creep to Raise Revenue: A Bad Idea Whose Time Has Passed," Federal Reserve Bank of Cleveland Economic Review (1993 No2).
    Abstract | Full text Adobe PDF file format (434 KB)

    David Altig and Jagadeesh Gokhale. "An Overview of the Clinton Budget Plan," Federal Reserve Bank of Cleveland Economic Commentary, March 1, 1993.
    Abstract | Full text Adobe PDF file format (274 KB)

    David Altig. "Some Fiscal Advice for the New Government: Don't Let the Sun Go Down on BEA," Federal Reserve Bank of Cleveland Economic Commentary, February 1, 1993.
    Abstract | Full text Adobe PDF file format (250 KB)

    David Altig. "Federal Credit and Insurance Programs: Beyond the Deficit Diversion," Federal Reserve Bank of Cleveland Economic Commentary, November 15, 1992.
    Abstract | Full text Adobe PDF file format (288 KB)

    David Altig and Michael F. Bryan. "Can Conventional Theory Explain the Unconventional Recovery?," Federal Reserve Bank of Cleveland Economic Commentary, April 15, 1992.
    Abstract | Full text Adobe PDF file format (234 KB)

    David Altig. "An Ebbing Tide Lowers All Boats: Monetary Policy, Inflation, and Social Justice," Federal Reserve Bank of Cleveland Economic Review (1992 Q2).
    Abstract | Full text Adobe PDF file format (985 KB)

    David Altig, Susan M. Byrne, and Katherine A. Samolyk. "Is Household Debt Inhibiting the Recovery?," Federal Reserve Bank of Cleveland Economic Commentary, February 15, 1992.
    Abstract | Full text Adobe PDF file format (271 KB)

    David Altig and Katherine A. Samolyk. "Increasing National Saving: Are IRAs the Answer?," Federal Reserve Bank of Cleveland Economic Commentary, September 1, 1991.
    Abstract | Full text Adobe PDF file format (218 KB)

    David Altig. "The Case of the Missing Interest Deductions: Will Tax Reform Increase U.S. Saving Rates?," Federal Reserve Bank of Cleveland Economic Review, (1990 No4).
    Abstract | Full text Adobe PDF file format (705 KB)

    David Altig. "Making Sense of the Moynihan Gambit: A Perspective on the Social Security Debate," Federal Reserve Bank of Cleveland Economic Commentary, June 1, 1990.
    Abstract | Full text Adobe PDF file format (194 KB)

    Interviews

    Dave Altig. "Labor Market Strong, Economy on Track video file." ECONversations. 2015 November.

    Dave Altig. "Despite Rough Start to 2015, Economy Still on Track video file." ECONversations. 2015 July.

    Dave Altig. "U.S. Economy Back on Track after a Disappointing Start to the Year video file." ECONversations. 2014 November.

    Dave Altig. "Despite a Disappointing Start to 2014, Economic Growth Should Rebound video file." ECONversations. 2014 June.

    Blog Posts

    Dave Altig, Nicholas Parker, and Brent Meyer. "The Fed's Inflation Goal: What Does the Public Know?." macroblog. April 19, 2017.

    Nicholas Parker and Dave Altig. "Gauging Firm Optimism in a Time of Transition." macroblog. March 2, 2017.

    Dave Altig and Ellyn Terry. "Can Tight Labor Markets Inhibit Investment Growth?." macroblog. February 28, 2017.

    Dave Altig and Patrick Higgins. "How Good Is The Employment Trend? Decide for Yourself." macroblog. July 15, 2016.

    David Altig. "Is the Labor Market Tossing a Fair Coin?." macroblog. July 7, 2016.

    David Altig. "Far Away Yet Close to Home: Discussing the Global Economy's Effects." macroblog. July 1, 2015.

    David Altig. "All Eyes on the Consumer." macroblog. May 7, 2015.

    David Altig. "What the Weather Wrought." macroblog. April 20, 2015.