Joel David
Senior Economist and Economic Advisor
About
Joel David is a senior economist and economic advisor on the macroeconomics team in the economic research department at the Federal Reserve Bank of Chicago. His research interests lie mainly in macroeconomics and finance, industrial organization, and international economics. His work has been published in several leading academic journals in economics and finance including the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies and Journal of Financial Economics.
Bank Publications
Recent Publications
Joel David, Gustavo de Souza, Adalyn Schommer | Chicago Fed Letter | 2025 | No. 515 | November Download
Chicago Fed Letter
Joel David, Gustavo de Souza, Adalyn Schommer | 2025 | No. 515 | November Download
Joel David, François Gourio | 2023 | No. 482 | August Download
Joel David | 2021 | No. 452 | March Download
Joel David | 2020 | No. 444 | August Download
Working papers
Working Papers
Joel David, Romain Ranciere, David Zeke | 2023 | No. 2023-16 | April Download
Joel David, David Zeke | 2021 | No. 2021-01 | January Download
Joel David, Lukas Schmid, David Zeke | 2020 | No. 2020-34 | December Download
Selected External Publications
Acceptances in Academic Journals and Books
David, Joel, and Lukas Schmid, 2022, “Risk-adjusted capital allocation and misallocation,” Journal of Financial Economics, Vol. 145, No. 3, September, pp. 684–705. 20221001050000
David, Joel, Venky Venkateswaran, Ana Paula Cusolito, and Tatiana Didier, 2021, “Capital allocation in developing countries,” World Bank Economic Review, Vol. 35, No. 4, November, pp. 1102–1121, (accepted July 29, 2020). 20211101050000
David, Joel, 2021, “The aggregate implications of mergers and acquisitions,” Review of Economic Studies, Vol. 88, No. 4, July, pp. 1796–1830, (accepted September 8, 2020). 20210701050000
