RICHMOND, Va., March 10 /PRNewswire/ -- John A. Weinberg has been named
director of research and senior vice president of the Federal Reserve Bank of
Richmond. In his new role, Weinberg becomes the Bank President's chief policy
advisor in the areas of banking, financial institutions and markets, and a
member of the Bank's senior management team. He has been acting research
director since his predecessor Jeffrey M. Lacker left the post to become Bank
president in August 2004.
Weinberg has been a member of the Bank's highly-regarded team of research
economists for the past 12 years, and has led the Bank's advisory group on
banking policy since becoming vice president in 2000. He has collaborated
with Federal Reserve System colleagues in developing system payments policy,
and as director of publications since 2003, he has set the agenda for the
Bank's academic and policy publications. A noteworthy author and frequent
collaborator with Lacker, Weinberg's numerous articles have covered a broad
range of policy issues including contract theory and the structure of markets
for banking and payments services. The 1989 article Optimal Contracts under
Costly State Falsification, published in the Journal of Political Economy and
co-authored with Lacker, is widely read and has been cited extensively.
"John is well-versed in many areas of economic research and policy. In
his role as acting research director, he showed a great commitment to
expanding our research economist's engagement in the System's policy
discussions," said President Lacker. "As we move forward, John's expertise
combined with the expertise of our chief monetary policy advisor, Marvin
Goodfriend, makes the research department and the Bank well positioned to not
only affect banking, payments and monetary policies, but to influence more
broadly the way the public in general thinks about a wide range of public
policy issues."
A native of Cleveland, Ohio, Weinberg received his bachelor's degree in
economics from the University of Pennsylvania in Philadelphia and doctorate in
economics from the University of Minnesota in Minneapolis, Minn. He was
previously assistant professor of economics at the Krannert School of
Management, Purdue University in West Lafayette, Ind., and an adjunct
professor at The College of William & Mary in Williamsburg, Va. Weinberg and
his wife Laurie have two children, Jeanette, 19, and Yuri, 14.
A collection of Weinberg's numerous articles and papers can be found on
the Bank's web site at
http://www.rich.frb.org/research/economists/john_weinberg.cfm.
The Federal Reserve Bank of Richmond is one of 12 Reserve Banks that
together with the Board of Governors in Washington, D.C. make up the Federal
Reserve System. The Richmond Fed is the headquarters for the Fifth Federal
Reserve District, which includes the District of Columbia, Maryland, North
Carolina, South Carolina, Virginia and most of West Virginia.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.rich.frb.org
CONTACT:
Lisa Oliva, +1-804-697-8192, or Laura
Fortunato, +1-804-697-8196, both of the Federal Reserve Bank of
Richmond
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