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David C. Wheelock

Group Vice President and Deputy Director of Research

Education

Ph.D. Economics
University of Illinois
1987

M.S. Economics
University of Illinois
1984

B.S. Economics
Iowa State University
1982

Contact Info

Phone: (314) 444-8570
Fax: (314) 444-8731

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

For media inquiries, contact:
Karen Mracek
mediainquiries@stls.frb.org
Phone: (314) 444-3911




Other Publications

"'The Myth of Independence: How Congress Governs the Federal Reserve' by S. Binder and M. Spindel. (Book Review)"
The American Economist, October 2018, Vol. 63, No. 2, pp. 270-72

"Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935–1959"
with Mark A. Carlson
in Michael D. Bordo and Mark A. Wynne, ed., The Federal Reserve's Role in the Global Economy: A Historical Perspective
Cambridge University Press, 2016, Chapter 3, pp. 50-83

"The Lender of Last Resort: Lessons from the Fed's First 100 Years"
with Mark A. Carlson
in Owen F. Humpage, ed., Current Federal Reserve Policy Under the Lens of Economic History
Cambridge University Press, 2015, Chapter 4, pp. 49-101

"The Great Inflation: Did the Shadow Know Better?"
with William Poole and Robert H. Rasche
in Michael D. Bordo and Athanasios Orphanides, ed., The Great Inflation: The Rebirth of Modern Central Banking
University of Chicago Press, 2013, pp. 61-107

"The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933"
with Michael D. Bordo
in Michael D. Bordo and William Roberds, ed., The Origins, History, and Future of the Federal Reserve: A Return to Jekyll Island
Cambridge University Press, 2013, Chapter 2, pp. 59-98

"Book Review of "A History of Macroeconomic Policy in the United States" by John H. Wood"
EH.net, June 30, 2009

"When Do Stock Market Booms Occur? The Macroeconomic and Policy Environments of Twentieth Century Booms"
with Michael D. Bordo
in Jeremy Atack and Larry Neal, ed., The Origins and Development of Financial Markets and Institutions from the Seventeenth Century to the Present
Cambridge University Press, 2009, Chapter 14, pp. 416-49

"Book review of "The Economics of the Great Depression" by Randall Parker."
EH.net, November 5, 2007

"Book Review of "A History of the Federal Reserve, Volume 1: 1913-1951" by Allan H. Meltzer"
Economic History Review, August 2005, Vol. 3, No. 58, pp. 629-30

"Review of 'The Changing Face of Central Banking: Evolutionary Trends Since World War II' by Pierre L. Siklos"
Journal of Economic Literature, September 2004, Vol. 42, No. 3, pp. 849-50

"Review of 'Understanding Economic Recovery in the 1930s: Endogenous Propagation in the Great Depression' by Frank G. Steindl"
EH.net, July 2004

"Review of 'Rethinking the Great Depression' by Gene Smiley"
EH.net, February 2003

"Aggregate Price Shocks and Financial Stability: The United Kingdom 1796-1999"
with Michael D. Bordo and Michael J. Dueker
NBER Working Paper Series, November 2001, Vol. 8583

"Review of 'Charting Twentieth-Century Monetary Policy: Herbert Hoover and Benjamin Strong, 1917– 1927' by Silvano A. Wueschner"
Journal of Economic Literature, December 2000, Vol. 38, No. 4, pp. 978-79

"Review of 'A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building' by Howard Bodenhorn"
Journal of Economic History, September 2000, Vol. 60, No. 3, pp. 910-12

"Review of 'The Bank of the United States and the American Economy' by Edward S. Kaplan"
Journal of Economic History, June 2000, Vol. 60, No. 2, pp. 574-75

"Aggregate Price Shocks and Financial Instability: An Historical Analysis"
with Michael D. Bordo and Michael J. Dueker
NBER Working Paper Series, April 2000, Vol. 7652

"National Monetary Policy by Regional Design: The Evolving Role of the Federal Reserve Banks in Federal Reserve System Policy"
in Jurgen von Hagen and Christopher J. Waller, ed., Regional Aspects of Monetary Policy in Europe
Kluwer Academic Publishers, 2000, Chapter 9, pp. 241-74

"Review of 'Monetary Policy and the Great Inflation in the United States: The Federal Reserve and the Failure of Macroeconomic Policy, 1965-79' by Thomas Mayer"
Journal of Economic History, December 1999, Vol. 59, No. 4, pp. 1130-31

"Review of 'The International Origins of the Federal Reserve System' by J. Lawrence Broz"
EH.net, June 1999

"Review of 'Competition and Monopoly in the Federal Reserve System, 1914-1951: A Microeconomics Approach to Monetary History' by Mark Toma"
Journal of Economic History, December 1998, Vol. 58, No. 4, pp. 1168-70

"Monetary Policy in the Great Depression and Beyond: The Sources of the Fed's Inflation Bias"
in The Economics of the Great Depression
The Upjohn Institute, 1998

"The Fed's Failure to Act as Lender of Last Resort During the Great Depression 1929-1933"
Federal Reserve Bank of Chicago, Bank Structure and Competition, 1989, pp. 154-176

"Was the Great Depression a Watershed for American Monetary Policy?"
with Charles W. Calomiris
in Michael D. Bordo, Claudia Goldin, and Eugene N. White, ed., The Defining Moment: The Great Depression and the American Economy in the Twentieth Century
University of Chicago Press, 1998, Chapter 1, pp. 23-66

"Review of 'The Banking Panics of the Great Depression' By Elmus Wicker"
Journal of Economic History, December 1997, Vol. 57, No. 4, pp. 977-78

"Review of 'Dollars Through The Doors: A Pre-1930 History of Bank Marketing in America' by Richard N. Germain"
Journal of Economic History, June 1997, Vol. 57, No. 2, pp. 573-74

"Review of 'Monetary Interpretations of the Great Depression' by Frank G. Steindl"
Journal of Economic Literature, March 1997, Vol. 35, No. 1, pp. 124-25

"Lessons from the United States and European Community for the Integration of High and Low Income Economics."
with Cletus C. Coughlin
International Business in the New Millennium, 1997, Vol. 3, pp. 777-96

"Review of 'Panic in Paradise: Florida’s Banking Crash of 1926' by Raymond B. Vickers"
Journal of Economic History, June 1995, Vol. 55, No. 2, pp. 444-45

"Nationwide Branching: The Implications"
Bank Management, Bank Administration Institute, September/October 1994, pp. 54-58

"Review of 'The Federal Reserve System: A History of the First 75 Years' by Carl H. Moore"
Journal of Economic History, March 1992, Vol. 52, No. 1, pp. 255-56

"Glass-Steagall Act"
in John Eatwell, Murray Milgate, and Peter Newman, ed., The New Palgrave Dictionary of Money and Finance
Palgrave Macmillan UK, 1992, Vol. 2, pp. 243-44

"Banking Act of 1935"
in John Eatwell, Murray Milgate, and Peter Newman, ed., The New Palgrave Dictionary of Money and Finance
Palgrave Macmillan UK, 1992, Vol. 1, pp. 135

"Regulation Q"
in John Eatwell, Murray Milgate, and Peter Newman, ed., The New Palgrave Dictionary of Money and Finance
Palgrave Macmillan UK, 1992, Vol. 3, pp. 326-27

"Book Review of 'The Separation of Commercial and Investment Banking: The Glass-Steagall Act Revisited and Reconsidered' by George J. Benston"
Journal of Economic History, September 1991, Vol. 51, No. 3, pp. 734-35

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

"Book Review of 'Money, History, and International Finance: Essays in Honor of Anna J. Schwartz' edited by Michael D. Bordo"
Journal of Economic Literature, September 1990, Vol. 28, No. 3, pp. 1218-19

"Book Review of 'The American Monetary System: A Concise Survey of its Evolution since 1896' by Robert A. Degen"
Journal of Economic History, September 1988, Vol. 48, No. 3, pp. 790-91


Professional Activities

Editorial position(s) at Studies In Macroeconomic History, Cambridge University Press


 




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