TheEconomists
202-452-2907
travis.d.nesmith@frb.gov
travis.d.nesmith@frb.gov
Education
- Ph.D., Economics, Washington University in St. Louis, 2000
- M.A., Economics, Washington University in St. Louis, 1995
- A.B., Economics/Political Science, Duke University, 1990
Current Research Topics
- Central Counterparties
- Risk Management
Fields of Interest
Professional Experience
Senior Economist
Board of Governors of the Federal Reserve System
- 2009 - present
Economist
Board of Governors of the Federal Reserve System
- 1999 - 2009
Economist
Bureau of Labor Statistics
- 1998 - 1999
Visiting Scholar
Federal Reserve Bank of St. Louis
- 1995 - 1998
Publications
- Mills, David C.,Jr., and Travis D. Nesmith (2008). "Risk and Concentration in Payment and Securities Settlement Systems," Journal of Monetary Economics, vol. 55, no. 3, pp. 542-553.
- Nesmith, Travis D., and Barry E. Jones (2008). "Linear Cointegration of Nonlinear Time Series with an Application to Interest Rate Dynamics," Studies in Nonlinear Dynamics and Econometrics, Vol. 12, no. 1, article 6.
- Nesmith, Travis D. (2007). "Rational Seasonality," in Barnett, William A., Apostolos Serletis eds., Functional Structure Inference 18. London and New York: Elsevier.
- Barnett, William A., Barry E. Jones, and Travis D. Nesmith (2004). "Time Series Cointegration Tests and Nonlinearity," in Barnett, William,A., Jane Binner eds., Functional Structure and Approximation in Econometrics, Vol. 261. Amsterdam; San Diego and Oxford: Elsevier JAI, pp. 549-567.
- Anderson, Richard G., Barry E. Jones, and Travis D. Nesmith (2000). "Introduction to the St. Louis Monetary Services Index Project," in Barnett, William,A., Serletis Apostolos eds., The Theory of Monetary Aggregation. North-Holland: Elsevier Science, pp. 610-616.
- Barnett, William A., Barry E. Jones, and Travis D. Nesmith (2000). "Time Series Cointegration Tests and Non-Linearity," in Barnett, William,A. ed., Nonlinear Econometric Modeling in Time Series: Proceedings of the Eleventh International Symposium in Economic Theory. Cambridge; New York and Melbourne: Cambridge University Press, pp. 9-30.
- Anderson, Richard G., Barry E. Jones, and Travis D. Nesmith (1997). "Introduction to the St. Louis Monetary Services Index Project," Federal Reserve Bank of St.Louis Review, vol. 79, no. 1, pp. 25-29.
- Anderson, Richard G., Barry E. Jones, and Travis D. Nesmith (1997). "Building New Monetary Services Indexes: Concepts, Data and Methods," Federal Reserve Bank of St.Louis Review, vol. 79, no. 1, pp. 53-82.
- Anderson, Richard G., Barry E. Jones, and Travis D. Nesmith (1997). "Monetary Aggregation Theory and Statistical Index Numbers," Federal Reserve Bank of St.Louis Review, vol. 79, no. 1, pp. 31-51.
- Barnett, William, Barry Jones, and Travis Nesmith (2008). "Divisia Second Moments: An Application of Stochastic Index Number Theory," Working papers series in theoretical and applied economics 200803. University of Kansas, Department of Economics.
- Mills, David C., Jr., and Travis D. Nesmith (2007). "Risk and Concentration in Payment and Securities Settlement Systems," Finance and Economics Discussion Series 2007-62. Board of Governors of the Federal Reserve System (U.S.).
- Jones, Barry E., and Travis D. Nesmith (2007). "Linear Cointegration of Nonlinear Time Series with an Application to Interest Rate Dynamics," Finance and Economics Discussion Series 2007-03. Board of Governors of the Federal Reserve System (U.S.).
- Nesmith, Travis D. (2007). "Rational Seasonality," Finance and Economics Discussion Series 2007-04. Board of Governors of the Federal Reserve System (U.S.).
- Nesmith, Travis D. (2005). "Solving Stochastic Money-in-the-Utility-Function Models," Finance and Economics Discussion Series 2005-52. Board of Governors of the Federal Reserve System (U.S.).
- Barnett, William, Barry Jones, Milka Kirova, Travis Nesmith, and Meenakshi Pasupathy1 (2004). "The Nonlinear Skeletons in the Closet," Working Papers Series in Theoretical and Applied Economics 200403. University of Kansas, Department of Economics.
- Jones, Barry E., and Travis D. Nesmith (1999). "Tests for Non-Linear Dynamics in Systems of Non-Stationary Economic Time Series: The Case of Short-Term US Interest Rates," Finance and Economics Discussion Series 1999-55. Board of Governors of the Federal Reserve System (U.S.).
- Nesmith, Travis Dean (2000). "Aggregation Theory and Statistical Index Numbers," Ph.D dissertation, Washington University.
Presentations
conference
March 2008
Risk Symposium, Los Alamos National Laboratory
conference
January 2007
Policy Workshop on Recent Payments Research, Federal Reserve Bank of New York
seminar
Decemberr 2006
Workshop on Money and Payments, Federal Reserve Bank of New York
conference
August 2006
Workshop on Nonlinear Dynamical Methods and Time Series Analysis, University of Udine, Italy
seminar
July 2006
IMF Departmental Seminar Series, International Monetary Fund
conference
May 2006
Midwest Macroeconomics Conference, St. Louis, Missouri
seminar
March 2006
Macro-economics and International Finance Seminar Series, George Washington University
conference
October 2005
Midwest Economic Theory Conference, University of Kansas
seminar
April 2005
Oswald Distinguished Seminar Series, University of Kansas
conference
May 2004
Midwest Macroeconomics Conference, Ames, Iowa
conference
June 2000
Issues in Measuring Price Change and Consumption Conference, Bureau of Labor Statistics
conference
March 1999
Society for Nonlinear Dynamics and Econometrics, New York City
conference
April 1998
Midwest Macroeconomics Conference, St. Louis, Missouri
conference
March 1998
Midwest Economics Association Conference, Chicago, Illinois
seminar
January 1998
Washington University Economic Theory Seminar, St. Louis, Missouri
conference
October 1996
International Atlantic Economic Conference, Washington, D.C.
conference
March 1996
Missouri Valley Economic Association, Memphis, Tennessee
seminar
Fecruary 1996
Federal Reserve Bank of St. Louis, St. Louis, Missouri
Other Activities
Awards
2010
Board of Governors of the Federal Reserve System
Spirit of Excellence Award
Referee
- Journal of Economic Theory
- Review of Economic Studies
- Journal of Monetary Economics
- Journal of Money Credit and Banking
- Journal of Economic Dynamics and Control
- Macroeconomic Dynamics
- Journal of Applied Econometrics
- Journal of Business and Economic Statistics
- Journal of Mathematical Economics
- Oxford Economic Papers
- Journal of Economics and Business
- Southern Economic Journal
- Federal Reserve Bank of New York Economic Policy Review
- Federal Reserve Bank of St. Louis Review
- International Journal of Central Banking
Professional Affiliation
- American Economic Society
- Econometric Society
- Professional Risk Managers International Association
Last update:
March 30, 2012