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Staff Economists

John A. Weinberg

headshot of John A. Weinberg

My research interests include contract theory, financial intermediation, and industrial organization, with applications to the organization of payments systems and the mechanics of monetary policy.

Professional Experience

John Weinberg is a policy advisor in the Research Department. Previously, Weinberg served as director of research from 2005 to 2015 and senior vice president and special advisor to the president from 2015 to 2017. He joined the Richmond Fed in 1992, after serving as assistant professor of economics in Purdue University's Krannert Graduate School of Management.

Education

Ph.D., University of Minnesota, 1987
B.A., University of Pennsylvania, 1979

"Over-the-Counter Loans, Adverse Selection, and Stigma in the Interbank Market" (with Huberto Ennis). Review of Economic Dynamics 16, no. 4 (October 2013): 601-616.

"Payment Economics: Studying the Mechanics of Exchange" (with Jeffrey M. Lacker). Journal of Monetary Economics 50, no. 2 (March 2003): 381-387.

"Incentives, Communication, and Payment Instruments" (with Edward S. Prescott). Journal of Monetary Economics 50, no. 2 (March 2003): 433-454.

"Firm-Specific Learning and the Investment Behavior of Large and Small Firms" (with Wenli Li). International Economic Review 44, no. 2 (May 2003): 599-625.

"How Large is the Federal Financial Safety Net?" (with John R. Walter). CATO Journal 21, no. 3 (Winter 2002): 369-394.

"The Pricing of Interbank Payment Services in a Changing Competitive Environment.Monetary and Economic Studies 19, no. 3 (November 2001): 97-111.

"Coalition-Proof Allocations in Adverse-Selection Economies" (with Jeffrey M. Lacker). Geneva Papers on Risk and Insurance Theory 24, no. 1 (June 1999): 5-17.

"Comment on Financial Fragility with Rational and Irrational Exuberance.Journal of Money, Credit & Banking 31, no. 3 (August 1999): 563-567.

"Private Information and Inventive Activity.Journal of Economic Behavior & Organization 24, no. 1 (June 1994): 71-90.

"A Coalition Proof Equilibrium for a Private Information Credit Economy" (with Jeffrey M. Lacker). Economic Theory 3, no. 2 (April 1993): 279-296.

"Exclusionary Practices and Technological Competition.Journal of Industrial Economics 40, no. 2 (June 1992): 135-146.

"Incentive Compatible Financial Contracts, Asset Prices, and the Value of Control" (with Jeffrey M. Lacker and Robert J. Levy). Journal of Financial Intermediation 1, no. 1 (March 1990): 31-56.

"Optimal Contracts under Costly State Falsification" (with Jeffrey M. Lacker). Journal of Political Economy 97, no. 6 (December 1989): 1345-1363.

Economic Brief, June 2017, No. 17-06

Does the Fed Have a Financial Stability Mandate?

John A. Weinberg and Renee Haltom

Economic Brief, July 2016, No. 16-07

A "New Normal"? The Prospects for Long-Term Growth in the United States

John A. Weinberg and Aaron Steelman

Economic Quarterly, Second Quarter 2015

Essays from our Annual Reports, Part II

John A. Weinberg

Economic Quarterly, Second Quarter 2015

Are We Saving Enough? Households and Retirement

John A. Weinberg and Doug Campbell

Economic Quarterly, Second Quarter 2015

Unsustainable Fiscal Policy: Implications for Monetary Policy

John A. Weinberg and Renee Haltom

Economic Quarterly, First Quarter 2015

The Financial Crisis: Toward an Explanation and Policy Response

John A. Weinberg and Aaron Steelman

Economic Brief, July 2012, No. 12-07

Unsustainable Fiscal Policy: Implications for Monetary Policy

John A. Weinberg and Renee Haltom

Economic Brief, June 2010, No. 10-06

Now How Large Is the Safety Net?

John A. Weinberg and Jeffrey M. Lacker

Annual Report, 2007

Are We Saving Enough? Households and Retirement

John A. Weinberg and Doug Campbell

Economic Quarterly, Summer 2006

Borrowing by U.S. Households

John A. Weinberg

Economic Quarterly, Summer 2005

What's Driving Wage Inequality?

John A. Weinberg and Aaron Steelman

Economic Quarterly, Summer 2004

Editor's Note

John A. Weinberg

Economic Quarterly, Spring 1999

The Fed's Entry into Check Clearing Reconsidered

John A. Weinberg, Jeffrey M. Lacker and Jeffrey D. Walker

Economic Quarterly, Spring 1998

Can the Fed be a Payment System Innovator?

John A. Weinberg and Jeffrey M. Lacker

Annual Report, 1997

Can the Fed be a Payment System Innovator?

John A. Weinberg and Jeffrey M. Lacker

Economic Quarterly, Spring 1996

Tie-in Sales and Banks

John A. Weinberg

Economic Quarterly, Summer 1995

Cycles in Lending Standards?

John A. Weinberg

Economic Review, Mar/Apr, 1990

Takeovers and Stock Price Volatility

John A. Weinberg and Jeffrey M. Lacker

Contact Us

John A. Weinberg
(804) 697-8920