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Warren E. WEBER

economist

Warren E. WEBER, economist in the field of Domestic Monetary and Financial Theory and Policy; Econometric and Statistical Methods and Models; Balance of Payments; Mechanisms of Adjustment; Exchange Rates. Phi Beta Kappa, 1965.

Background

WEBER, Warren E. was born in 1945 in Evanston, Illinois, United States of America.

Education

Bachelor of Arts (English) Wesleyan University, Connecticut, 1965. Master of Science, Doctor of Philosophy CarnegieMellon University, 1968, 1969.

Career

Assistant Professor, Association Professor Professor, Virginia Polytechnic Institute, Institution State University, 1968-1972, 1972-1976, 1978-1984. Visiting Association Professor, Duke University, Durham, North Carolina, 1976-1977. Association Professor, Tulane University, LO, 1977-1978.

Senior Economics and Manager, Monetary Studies, Federal Reserve Bank, Minneapolis, Minnesota, United States of America, since 1984. Editorial Board, Southern Economic Journal, 7.

Achievements

  • Phi Beta Kappa, 1965.

Views

Early work empirically examined the effects of interest-rate changes on aggregate consumer expenditures. The nonlinear models estimated were based upon intertemporal utility maximisation on the part of consumers. The studies found that interest-rate changes significantly affected consumption.

Recent work explores the implications of the experience of the Free Banking Era in the United States (1839-1863) for regulation of current financial institutions. This work calls into question the notion that wildcat banking was prevalent during this period. Frequency domain methods for estimation of distributed lag models with missing observations or errors-invariables are also currently being researched.

The variability of ouput under alternative exchange-rate regimes has been and continues to be a research area.