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Christopher Otrok

Senior Economic Policy Advisor
Federal Reserve Bank of Dallas

Curriculum vitae

Christopher OtrokChristopher Otrok joined the Federal Reserve Bank of Dallas as a senior economic research advisor in July 2021. His research interests include financial crises, international business and financial cycles, and monetary and fiscal policy. Otrok has been the Sam B. Cook professor of economics at the University of Missouri, a research fellow at the Federal Reserve Bank of St. Louis and professor of economics at the University of Virginia. He served as a senior economist on the Council of Economic Advisers in the Executive Office of the President in 2016–17. He has held visiting scholar positions at the Federal Reserve Banks of Atlanta, Kansas City, Minneapolis, New York and Philadelphia.

Otrok was co-editor of the Journal of Economic Dynamics and Control from 2010 to 2016 and has served a two-year term on the National Science Foundation economics panel. He received a PhD in economics from the University of Iowa.

Publications

Published Discussions

Book Chapters and Conference Proceedings

  • “Regionalization vs. Globalization,” with Hideaki Hirata and M. Ayhan Kose, in Yin-Wong Cheung and Frank Westermann, eds., Global Interdependence, Decoupling and Recoupling, MIT Press, 2013. https://doi.org/10.7551/mitpress/9664.003.0008.
  • “Revisiting Overborrowing and Its Policy Implications,” with Gianluca Benigno, Huigang Chen, Alessandro Rebucci and Eric R. Young, in Luis Cespedes, Roberto Chang and Diego Saravia, eds., Monetary Policy Under Financial Turbulence, Central Bank of Chile, 2011.
  • “What to Do When the Crystal Ball Is Cloudy: Conditional and Unconditional Forecasting in Iowa,” with Charles H. Whiteman, in Proceedings of the National Tax Association, 1998.

Working Papers

  • “A Model for International Spillovers in Commodity Exporters,” with Romain Houssa and Jolan Mohimont, 2021.
  • “Macro-Financial Linkages in an Era of Globalization,” with Jongrim Ha, M. Ayhan Kose and Eswar Prasad, 2020.
  • “Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach,” with Gianluca Benigno, Andrew Foerster and Alessandro Rebucci, 2020.
  • “Tax Progressivity, Economic Booms, and Trickle-up Economics,” with Laura Jackson and Michael T. Owyang, Federal Reserve Bank of St. Louis Working Paper 2019-034A, 2019.
  • “Optimal Policy for Macro-Financial Crises,” with Gianluca Benigno, Huigang Chen, Alessandro Rebucci and Eric R. Young, NBER Working Paper no. 26397, 2019.
  • “Dynamic Factor Models with Time Varying Parameters: Understanding Changes in International Business Cycles,” with Marco Del Negro, 2007.

Other Works

  • “The Rational Expectations Hypothesis of the Term Structure, Monetary Policy, and Time-Varying Term Premia,” with Michael Dotsey, Federal Reserve Bank of Richmond Economic Quarterly, Winter 1995.
  • “M2 and Monetary Policy: A Critical Review of the Recent Debate,” with Michael Dotsey, Federal Reserve Bank of Richmond Economic Quarterly, Winter 1994.
  • “Forecasting the Effects of Reduced Defense Spending,” with Peter Ireland, Federal Reserve Bank of Richmond Economic Review, November/December 1992.
Contact
Christopher Otrok