Contact Information
202-452-2907
travis.d.nesmith@frb.gov

Fields of Interest
Macroeconomics
Monetary Economics
Econometrics and Statistics

Education
Ph.D., Economics, Washington University in St. Louis, 2000
M.A., Economics, Washington University in St. Louis, 1995
A.B., Economics/Pol. Sci., Duke University, 1990

Professional Experience
Board of Governors of the Federal Reserve System, 1999-present
Economist, Bureau of Labor Statistics, 1998-1999
Visiting Scholar, Federal Reserve Bank of St. Louis, 1995-1998

Selected Publications

• ''Risk and Concentration in Payments and Securities Settlement Systems'' (with David C. Mills, Jr.), Journal of Monetary Economics (forthcoming).
• ''Linear Cointegration of Nonlinear Time Series with an Application to Interest Rate Dynamics'' (with Barry E. Jones), Studies in Nonlinear Dynamics and Econometrics (forthcoming).
• ''Rational Seasonality,'' in William A. Barnett and Apostolos Serletis, eds., Functional Structure Inference. United Kingdom: Elsevier, 2007.
• ''The Nonlinear Skeletons in the Closet'' (with William A. Barnett, Barry E. Jones, Milka Kirova, and others), in Michael T. Belongia and Jane M. Binner, eds., Money, Measurement and Computation. : Palgrave MacMillan, 2005.
• ''Time Series Cointegration Tests and Non-linearity'' (with William A. Barnett and Barry E. Jones), in William Barnett, David Hendry, Svend Hylleberg, Timo Terasvirta, and Dag Tjosthein, eds., Non-Linear Econometric Modeling. : Cambridge University Press, 2000.
• ''Introduction to the St. Louis Monetary Services Index (MSI) Project'' (with Richard G. Anderson and Barry E. Jones), Federal Reserve Bank of St. Louis Review, vol. 79 (January 1997), pp. 25-30.
• ''Monetary Aggregation Theory and Statistical Index Numbers'' (with Richard G. Anderson and Barry E. Jones), Federal Reserve Bank of St. Louis Review, vol. 79 (January 1997), pp. 31-52.
• ''Building New Monetary Services Indexes: Concepts, Methods and Data'' (with Richard G. Anderson and Barry E. Jones), Federal Reserve Bank of St. Louis Review, vol. 79 (January 1997), pp. 53-82.
• ''Divisia Second Moments: An Application of Stochastic Index Number Theory'' (with William A. Barnett and Barry E. Jones), in James Swofford and Gerald Whitney, ed., International Review of Comparative Public Policy, Volume 8. Greenwich, CT: JAI Press Inc., 1996.
• Risk and Concentration in Payments and Securities Settlement Systems (with David C. Mills), Finance and Economics Discussion Series 2007-62. Washington: Board of Governors of the Federal Reserve System, 2007.
• Rational Seasonality, Finance and Economics Discussion Series 2007-4. Washington: Board of Governors of the Federal Reserve System, 2007.
• Linear Cointegration of Nonlinear Time Series with an Application to Interest Rate Dynamics (with Barry E. Jones), Finance and Economics Discussion Series 2007-3. Washington: Board of Governors of the Federal Reserve System, 2007.
• Solving Stochastic Money-in-the-Utility-Function Models, Finance and Economics Discussion Series 2005-52. Washington: Board of Governors of the Federal Reserve System, 2005.
• Tests for Non-Linear Dynamics in Systems of Non-Stationary Economic Time Series: The Case of Short-Term US Interest Rates (with Barry E. Jones), Finance and Economics Discussion Series 1999-55. Washington: Board of Governors of the Federal Reserve System, 1999.