William A. Barnett
Director / Advances in Monetary and Financial Measurement
William A. Barnett is director of the Advances in Monetary and
Financial Measurement Program at the Center for Financial Stability. The program provides national and international databases of monetary and financial data that are rigorously founded in economic aggregation and index-number theory. Data includes monthly releases and relevant analysis of US money supply.
Professor Barnett is an eminent economic
scientist. He is the originator of the Divisia monetary aggregates
and the “Barnett Critique.” His work in the area of monetary and
financial economics has been highly influential in shaping academic
and central-bank staff research on the econometrics of financial aggregation
and policy in the last thirty years. At least 37 countries and
economic unions either officially or unofficially construct Divisia
Dr. Barnett is Oswald Distinguished Professor of Macroeconomics at the University of Kansas Department of Economics and Core Faculty Member of the Center for Global and International Studies at the University of Kansas, as well as Senior Fellow of the IC2 Institute at the University of Texas at Austin, Fellow of the Institute for Applied Economics at Johns Hopkins University, and Honorary Professor at Henan University in Kaifeng, China. He is Founder and
Editor of the Cambridge University Press journal, Macroeconomic Dynamics,
and Founder and Editor of the Emerald Press monograph series, International
Symposia in Economic Theory and Econometrics. Dr. Barnett recently founded the Society for Economic Measurement, a major new international society, and serves as president. He also recently founded and directs the new Institute for Nonlinear Dynamical Inference in Moscow.
He previously was on the staff of the
Board of Governors of the Federal Reserve System in Washington, DC for
eight years, was Stuart Centennial Professor of Economics at the University
of Texas at Austin, Full Professor of Economics at Washington University
in St. Louis, and Research Associate at the University of Chicago. Before
becoming an economist, he was one of the engineers who developed the
rocket engines for the Apollo project at Rocketdyne Division of Boeing
Corporation in Los Angeles. He received his BS degree from the Massachusetts
Institute of Technology, his MBA degree from the University of California
at Berkeley, and his MA and PhD degrees from Carnegie Mellon University.
His biographies appear in Marquis‘ Who‘s Who in America and
Marquis‘ Who‘s Who in the World.
He has published over 160 articles
in professional journals and 27 books, as either author or editor. His
research has been published in 7 languages. He co-authored the book,
Inside the Economist's Mind, with the late Paul Samuelson, America‘s
first Nobel Prize Winner in Economics. His most recent book, Getting it Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, was released by MIT Press in January 2012. Professor Barnett has received
over 23 different awards and honors. In 2013, he was awarded the Balfour S. Jeffrey Research Award in the Humanities and Social Sciences. He won the American Publishers Award for Professional and Scholarly Excellence (the PROSE Award) for the best book published in economics during 2012 for his MIT Press book, Getting It Wrong. Special issues of two eminent professional journals, the Journal of Econometrics and Econometric Reviews, have been published in Professor Barnett's honor with contribution by many of the world's most prominent economists. The organizers and editors of the two special issues are Apostolos Serletis, Distinguished Professor of Economics and Finance at the University of Calgary in Canada, and James J. Heckman, Nobel Laureate in Economics and the Henry Schultz Distinguished Service Professor of Economics at The University of Chicago.
During January 2017, Professor Barnett was interviewed in depth about his life's work by Apostolos Serletis.