Staff Economists

John A. Weinberg

headshot of John A. Weinberg

My research interests include contract theory, financial intermediation and industrial organization. My recent work has focused on resource allocation in networks and the organization of the payments system.

Professional Experience

John Weinberg was appointed senior vice president and special advisor to President Jeffrey M. Lacker in April 2015. He worked at Applied Management Sciences in Silver Spring, Md., and held a faculty position at Purdue University before joining the Richmond Fed in 1992. Weinberg was promoted to associate research officer in June 1996, research officer in 1998, vice president in 2000, and research director in 2005. A Cleveland native, Weinberg is the author of numerous papers and publications on economics.


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

“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.

Summer 2006

Borrowing by U.S. Households

John A. Weinberg

Summer 2005

What's Driving Wage Inequality?

John A. Weinberg and Aaron Steelman

Fall 2004

Tom Humphrey: An Appreciation

John A. Weinberg

Summer 2004

Editor's Note

John A. Weinberg

Summer 2003

Accounting for Corporate Behavior

John A. Weinberg

Fall 2002

Competition Among Bank Regulators

John A. Weinberg

Spring 1999

The Fed's Entry into Check Clearing Reconsidered

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

Spring 1997

The Organization of Private Payment Networks

John A. Weinberg

Spring 1996

Tie-in Sales and Banks

John A. Weinberg

Summer 1995

Cycles in Lending Standards?

John A. Weinberg

Winter 1994

Firm Size, Finance, and Investment

John A. Weinberg

Mar/Apr, 1990

Takeovers and Stock Price Volatility

John A. Weinberg and Jeffrey M. Lacker

July 2012, No. 12-07

Unsustainable Fiscal Policy: Implications for Monetary Policy

John A. Weinberg and Renee Haltom

June 2010, No. 10-06

Now How Large Is the Safety Net?

John A. Weinberg and Jeffrey M. Lacker

Contact Us


John A. Weinberg
(804) 697-8920