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Michael Dotsey served as a vice president in the Research Department until 2002. Dotsey is currently vice president and senior economic policy advisor at the Federal Reserve Bank of Philadelphia.

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Issue	Title	Author(s)
Spring 2006	Implementation of Optimal Monetary Policy	Michael Dotsey Andreas Hornstein
Fall 2002	Structure From Shocks	Michael Dotsey
Winter 2002	Pitfalls in Interpreting Tests of Backward-Looking Pricing in New Keynesian Models	Michael Dotsey
Fall 2000	Is Money Useful in the Conduct of Monetary Policy?	Lawrence Santucci Michael Dotsey Carl D. Lantz
Summer 1999	The Importance of Systematic Monetary Policy for Economic Activity	Michael Dotsey
Summer 1998	The Predictive Content of the Interest Rate Term Spread for Future Economic Growth	Michael Dotsey
Fall 1997	Investing in Equities: Can it Help Social Security?	Michael Dotsey
Fall 1996	Some Not-So-Unpleasant Monetarist Arithmetic	Michael Dotsey
Fall 1995	Was the Disinflation of the Early 1980s Anticipated?	Jed L. DeVaro Michael Dotsey
Winter 1995	The Rational Expectations Hypothesis of the Term Structure, Monetary Policy, and Time-Varying Term Premia	Michael Dotsey Christopher Otrok
Winter 1994	M2 and Monetary Policy: A Critical Review of the Recent Debate	Michael Dotsey

Issue	Title	Author(s)
1992	Oil Shocks, Monetary Policy, and Economic Activity	Michael Dotsey Max Reid
1991	Monetary Policy and Operating Procedures in New Zealand	Michael Dotsey
1990	Reforming Deposit Insurance: Lessons from the Savings and Loan Crisis	Michael Dotsey Anatoli Kuprianov
1989	An Examination of International Trade Data in the 1980s	Michael Dotsey
1988	Rational Expectations Business Cycle Models: A Survey	Michael Dotsey Robert G. King
1987	The Australian Money Market and the Operations of the Reserve Bank of Australia: A Comparative Analysis	Michael Dotsey
1986	Japanese Monetary Policy, A Comparative Analysis	Michael Dotsey
1985	Controversy Over the Federal Budget Deficit: A Theoretical Perspective	Michael Dotsey
1984	An Investigation of Cash Management Practices and Their Effects on the Demand for Money	Michael Dotsey
1983	An Examination of Implicit Interest Rates on Demand Deposits	Michael Dotsey

Paper	Title	Author(s)
09-6R April 2009	On the Implementation of Markov-Perfect Monetary Policy (Revised: August 2011)	Michael Dotsey Andreas Hornstein
06-3 May 2006	Nontraded Goods, Market Segmentation, and Exchange Rates	Michael Dotsey Margarida Duarte
02-4 November 2002	Should Optimal Discretionary Monetary Policy Look at Money?	Michael Dotsey Andreas Hornstein
00-9 August 2000	The Behavior of the Real Rate of Interest Over the Business Cycle	Michael Dotsey Brian Scholl
99-6 August 1999	Structure from Shocks	Michael Dotsey
97-8 June 1997	The Effects of Fiscal Policy in a Neoclassical Growth Model	Michael Dotsey Ching-Sheng Mao
97-5 May 1997	Inflation Uncertainty and Growth in a Simple Monetary Model	Michael Dotsey Pierre-Daniel G. Sarte
97-2 February 1997	State Dependent Pricing and Dynamics of Business Cycles	Michael Dotsey Robert G. King Alexander L. Wolman
95-2 March 1995	Some Not So Unpleasant Monetarist Arithmetic	Michael Dotsey
94-4 March 1994	The Welfare Cost of Inflation in General Equilibrium	Michael Dotsey Peter N. Ireland
94-3 February 1994	The Effects of Fiscal Policy in a Neoclassical Growth Model	Michael Dotsey Ching-Sheng Mao
93-1 February 1993	Liquidity Effects and Transactions Technologies	Michael Dotsey Peter N. Ireland
90-11 November 1990	How Well Do Linear Approximation Methods Work? Results for Suboptimal Dynamic Equilibria	Michael Dotsey Ching-Sheng Mao
90-1 February 1990	Interest Rate Rules and Nominal Determinacy	John H. Boyd, III Michael Dotsey
87-5 October 1987	Monetary Control under Alternative Operating Procedures	Michael Dotsey
87-4 October 1987	The Economic Effects of Corporate Taxes in a Stochastic Growth Model	Michael Dotsey
86-1 March 1986	The Demand for Currency in the United States	Michael Dotsey
85-4 June 1985	Monetary Policy, Secrecy, and Federal Funds Rate Behavior	Michael Dotsey
84-8 September 1984	Informational Implications of Interest Rate Rules	Michael Dotsey Robert G. King
83-2 January 1983	The Effects of Cash Management Practices on the Demand for Demand Deposits	Michael Dotsey