Meet the Economists
Travis D. Nesmith
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
- Central Counterparties
- Quantitative Finance and Risk Management
Assistant Director
Board of Governors of the Federal Reserve System
2016 - presentSection Chief
Board of Governors of the Federal Reserve System
2013 - presentSenior Economist
Board of Governors of the Federal Reserve System
2009 - 2012Economist
Board of Governors of the Federal Reserve System
1999 - 2009Economist
Bureau of Labor Statistics
1998 - 1999Visiting Scholar
Federal Reserve Bank of St. Louis
1995 - 1998
- King, Thomas, Travis D. Nesmith, Anna Paulson, and Todd Prono (2020). "Central Clearing and Systemic Liquidity Risk," Finance and Economics Discussion Series 2020-009. Board of Governors of the Federal Reserve System (U.S.).
- Dobrev, Dobrislav, Travis D. Nesmith, and Dong Hwan Oh (2017). "Accurate Evaluation of Expected Shortfall for Linear Portfolios with Elliptically Distributed Risk Factors," Journal of Risk and Financial Management, vol. 10, no. 1, pp. 1-14.
- 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., International Symposia in Economic Theory and Econometrics, vol. 18. Amsterdam and Boston: Elsevier, pp. 227-255.
- Nesmith, Travis D., W. A. Barnett, B. E. Jones, M. Pasupathy, and M. Kirova (2005). "The Nonlinear Skeletons in the Closet," in Belongia, M., J. Binner eds., Money, Measurement and Computation. England: Palgrave Macmillan.
- Barnett, William A., Barry E. Jones, and Travis D. Nesmith (2004). "Time Series Cointegration Tests and Nonlinearity," in Barnett, William,A., Jane Binner eds., Reprint. Functional Structure and Approximation in Econometrics, Vol. 261. Amsterdam; San Diego and Oxford: Elsevier JAI, pp. 549-567.
- 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 (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.
- 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 A., Barry E. Jones, and Travis D. Nesmith (1996). "Divisia Second Moments: An Application of Stochastic Index Number Theory," International Review of Comparative Public Policy, vol. 8.
- Dobrev, Dobrislav, Travis D. Nesmith, and Dong Hwan Oh (2016). "Accurate Evaluation of Expected Shortfall for Linear Portfolios with Elliptically Distributed Risk Factors," Finance and Economics Discussion Series 2016-065. Board of Governors of the Federal Reserve System (U.S.).
- Barnett, William A., Barry E. Jones, and Travis D. 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 Pasupathy (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 U.S. 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.
discussion
October 2019FIA Expo
conference
October 20196th Annual Conference on CCP Risk Management, Federal Reserve Bank of Chicago
seminar
September 2019Federal Reserve Bank of Dallas
discussion
October 2018FIA Expo, Chicago, IL
conference
July 2018FRB Redux of Quantitative Workshop on CCP Risk management, Washington DC
conference
November 2017BoE/FRB 1st Quantitative Workshop on CCP Risk and Validation Models, London UK
conference
October 20163rd Annual Conference on CCP Risk Management: A Deep Dive into Margins for Cleared Derivatives, Federal Reserve Bank of Chicago
discussion
October 2016PRMIA Workshop: Risks and Opportunities Posed by Changing Market Structures
seminar
December 2015Bank of England
conference
July 2015Society for Economic Measurement, Paris, FR
conference
July 2015Quant Congress USA, Regulatory Keynote Address, NY
conference
March 2015Financial Resilience Research Cluster Launch, Univ. of Birmingham, UK
conference
August 2014Society for Economic Measurement, Chicago, IL
conference
March 2008Risk Symposium, Los Alamos National Laboratory
conference
January 2007Policy Workshop on Recent Payments Research, Federal Reserve Bank of New York
seminar
Decemberr 2006Workshop on Money and Payments, Federal Reserve Bank of New York
conference
August 2006Workshop on Nonlinear Dynamical Methods and Time Series Analysis, University of Udine, Italy
seminar
July 2006IMF Departmental Seminar Series, International Monetary Fund
conference
May 2006Midwest Macroeconomics Conference, St. Louis, Missouri
seminar
March 2006Macro-economics and International Finance Seminar Series, George Washington University
conference
October 2005Midwest Economic Theory Conference, University of Kansas
seminar
April 2005Oswald Distinguished Seminar Series, University of Kansas
conference
May 2004Midwest Macroeconomics Conference, Ames, Iowa
conference
June 2000Issues in Measuring Price Change and Consumption Conference, Bureau of Labor Statistics
conference
March 1999Society for Nonlinear Dynamics and Econometrics, New York City
conference
April 1998Midwest Macroeconomics Conference, St. Louis, Missouri
conference
March 1998Midwest Economics Association Conference, Chicago, Illinois
seminar
January 1998Washington University Economic Theory Seminar, St. Louis, Missouri
conference
October 1996International Atlantic Economic Conference, Washington, D.C.
conference
March 1996Missouri Valley Economic Association, Memphis, Tennessee
seminar
February 1996Federal Reserve Bank of St. Louis
Awards
- 2012
Board of Governors of the Federal Reserve System
Special Achievement Award
- 2012
International Financing Review
America's Structured Finance Issue of the Year
- 2010
RBOPS, Board of Governors of the Federal Reserve System
Spirit of Excellence Award
Conference Organization
March 2020 | Malta
IOMA: WFE's 37th Clearing & Derivatives Conference
Scientific Committe
July 2018 | Washington, DC
FRB Redux of Quantitative Workshop on CCP Risk Management
Workshop Organizer
November 2017 | London, UK
BoE/FRB 1st Quantitative Workshop on CCP Risk and Validation Models
Workshop Organizer
October 2016 | Washington, DC
PRMIA Workshop: Risks and Opportunities Posed by Changing Market Structures
Workshop and Session Organizer
July 2015 | Paris, France
Society for Economic Measurement
Session Organizer: Risk Measurement Partie Deux
August 2014 | Chicago, Illinois
Society for Economic Measurement
Session Organizer: Risk Measurement
Editor
- Associate Editor, Macroeconomic Dynamics, July 2020 - Present
- Associate Editor, Journal of Financial Market Infrastructures, August 2020 - Present
Referee
- Econometrica
- Journal of Economic Theory
- Review of Economic Studies
- Journal of Econometrics
- Journal of Monetary Economics
- Journal of Banking and Finance
- Macroeconomic Dynamics
- Mathematical Finance
- Journal of Money Credit and Banking
- Journal of Economic Dynamics and Control
- Journal of Applied Econometrics
- Journal of Business and Economic Statistics
- Journal of Mathematical Economics
- Oxford Economic Papers
- International Journal of Central Banking
- Journal of Financial Market Infrastructures
- Journal of Financial Intermediation
- Journal of Economics and Business
- Southern Economic Journal
- Federal Reserve Bank of New York Economic Policy Review
- Federal Reserve Bank of St. Louis Review
Professional Affiliation
- American Economic Society
- Econometric Society
- Professional Risk Managers International Association
- Society for Economic Measurement