Home > Economists > David Wheelock

David C. Wheelock Vice President

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

Phone: (314) 444-8570
Fax: (314) 444-8731
Email: david.c.wheelock@stls.frb.org

Vitae

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Biography

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Working Papers and Other Work in Progress

2010-004A "Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets" - January 2010
with Kris James Mitchener
Abstract | Full Text (PDF)

2009-054B "Are U.S. Banks too Large?" - October 2009, Revised December 2009
with Paul W. Wilson
Abstract | Full Text (PDF)

2009-008B "Robust, Dynamic Nonparametric Benchmarking: The Evolution of Cost-Productivity and Efficiency Among U.S. Credit Unions" - March 2009, Revised March 2010
with Paul W. Wilson
Abstract | Full Text (PDF)

More Working Papers

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Books

The Strategy and Consistency of Federal Reserve Monetary Policy 1924-1933, Cambridge University Press, 1991.

Articles in Academic Journals and Books

"Are Credit Unions Too Small?"
with Paul W. Wilson
FORTHCOMING: Review of Economics and Statistics
Abstract | Full Text (PDF)

"Robust Non-parametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985-2004"
with Paul W. Wilson
Journal of Business and Economic Statistics, July 2009, 27(3), pp. 354-68.

"When Do Stock Market Booms Occur? The Macroeconomic and Policy Environments of 20th Century Booms"
with Michael D. Bordo
Jeremy Atack, ed., The Origins and Development of Financial Markets and Institutions, 2009, pp. 416-49, Cambridge University Press.

"Non-parametric, Unconditional Quantile Estimation for Efficiency Analysis with an Application to Federal Reserve Check Processing Operations"
with Paul W. Wilson
Journal of Econometrics, July 2008, 145(1-2), pp. 209-25.

"Regional Disparities in the Spatial Correlation of State Income Growth"
with Thomas A. Garrett and Gary A. Wagner
Annals of Regional Science, September 2007, 41(3), pp. 601-18.

"Why Did Income Growth Vary Across States During the Great Depression?"
with Thomas A. Garrett
Journal of Economic History, June 2006, 66(2), pp. 456-66.
Abstract | Full Text (PDF)

"A Spatial Analysis of State Banking Regulation"
with Thomas A. Garrett and Gary A. Wagner
Papers In Regional Science, November 2005, 84(4), pp. 575-95.

More Articles in Academic Journals and Books

Federal Reserve Publications

"The Geographic Distribution and Characteristics of U.S. Bank Failures, 2007-2010: Do Bank Failures Still Reflect Local Economic Conditions?"
with Craig P. Aubuchon
Federal Reserve Bank of St. Louis Review, September/October 2010, 92(5), pp. 395-415.

"Lessons Learned? Comparing the Federal Reserve’s Responses to the Crises of 1929-1933 and 2007-2009"
Federal Reserve Bank of St. Louis Review, March/April 2010, 92(2), pp. 89-107.

"Systemic Risk and the Financial Crisis: A Primer"
with James Bullard and Christopher J. Neely
Federal Reserve Bank of St. Louis Review, September/October 2009, 91(5, Part 1), pp. 403-17.

"Can the Term Spread Predict Output Growth and Recessions? A Survey of the Literature"
with Mark E. Wohar
Federal Reserve Bank of St. Louis Review, September/October 2009, 91(5, Part 1), pp. 419-40.

More Federal Reserve Publications

Commentary

"The Monetary Base and Bank Lending: You Can Lead a Horse to Water..."
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 24.

"When Will Business Lending Pick Up?"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 8.

"How Not to Reduce Excess Reserves"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 38.

"The Global Recession"
with Craig P. Aubuchon
Federal Reserve Bank of St. Louis International Economic Trends, May 2009.

Book Reviews

"A History of Macroeconomic Policy in the United States"
by John H. Wood
Published electronically on the Economic History Association web site, EH.Net, June 30, 2009.

"The Economics of the Great Depression: A Twenty-First Century Look Back at the Economics of the Interwar Years"
by Randall E. Parker
Published electronically on the Economic History Association web site, EH.Net, November 5, 2007.

"A History of the Federal Reserve, Volume 1: 1913-1951"
by Allan H. Meltzer
Economic History Review, August 2005, 58(3), pp. 629-30.

More Book Reviews

Education

Degree	Institution	Major	Date
Ph.D.	University of Illinois	Economics	1987
MS	University of Illinois	Economics	1984
BS	Iowa State University	Economics	1982