Leonardo Auernheimer (August 27, 1936 – 2010) was an

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

professor Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who professes". Professo ...

, and international monetary consultant. (Nicknamed "pepe"). Auernheimer was born in

Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the List of South American countries by area, second-largest ...

to Jose Ignacio Auernheimer and Maria Elena Savanti de Auernheimer. He graduated from the

University of Buenos Aires The University of Buenos Aires ( es, Universidad de Buenos Aires, UBA) is a public research university in Buenos Aires, Argentina. Established in 1821, it is the premier institution of higher learning in the country and one of the most presti ...

and received his Ph.D. in economics from the

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

in 1973. Prior to that, he was a visiting professor at the

Universidade Federal de Viçosa The Universiade is an international multi-sport event, organized for university athletes by the International University Sports Federation (FISU). The name is a portmanteau of the words "University" and "Olympiad". The Universiade is referred t ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

, and upon graduation he came to the economics department at

Texas A&M University Texas A&M University (Texas A&M, A&M, or TAMU) is a public university, public, Land-grant university, land-grant, research university in College Station, Texas. It was founded in 1876 and became the flagship institution of the Texas A&M Unive ...

, where he was a professor of economics until his death in 2010. He was the department head from 2002 to 2006.

Research

His research was in the area of

monetary economics Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and ...

and

open economy An open economy is a type of economy where not only domestic factors but also entities in other countries engage in trade of products (goods and services). Trade can take the form of managerial exchange, technology transfers, and all kinds of goo ...

macroeconomics, particularly

dynamic inconsistency In economics, dynamic inconsistency or time inconsistency is a situation in which a decision-maker's preferences change over time in such a way that a preference can become inconsistent at another point in time. This can be thought of as there be ...

and the fiscal theory of the price level, and has been published in the premier economic journals, including ''

Journal of Political Economy The ''Journal of Political Economy'' is a monthly peer-reviewed academic journal published by the University of Chicago Press. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics. In the past, the ...

'', ''

Econometrica ''Econometrica'' is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics. It is published by Wiley-Blackwell on behalf of the Econometric Society. The current editor-in-chief is ...

'', the ''

American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of ec ...

'', and the ''

Journal of Monetary Economics The ''Journal of Monetary Economics'' is a peer-reviewed academic journal covering research on macroeconomics and monetary economics. It is published by Elsevier and was established in October 1973 by Karl Brunner and Charles I. Plosser. Beginn ...

'', among others. He was an associate editor of the '' Journal of Applied Economics'' and the ''

Journal of Development Economics The ''Journal of Development Economics'' is a bimonthly peer-reviewed academic journal published by Elsevier. It was established in 1974 and is considered the top field journal in development economics. Its editor-in-chief from 1985 to 2003 was Pr ...

''. He was a frequent consultant to the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

in the evaluation of macroeconomic programs in many

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived ...

n countries, as well as in

Mongolia Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million ...

, the Republic of Georgia and

Lebanon Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lie ...

Consulting

While at Texas A&M he visited several times both the World Bank and the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

as a visiting scholar, and was a visiting professor at ITAM, in

Mexico City Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley o ...

, the Université du centre d'études macroeconomiques d'Argentine (see External links below), in

Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...

, and the

University of Göttingen The University of Göttingen, officially the Georg August University of Göttingen, (german: Georg-August-Universität Göttingen, known informally as Georgia Augusta) is a public research university in the city of Göttingen, Germany. Founded ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwee ...

. He was a member of the editorial board of the ''Journal of Applied Economics''. He consulted on

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

policies for international organizations in several countries throughout Latin America and the Middle and

Far East The ''Far East'' was a European term to refer to the geographical regions that includes East and Southeast Asia as well as the Russian Far East to a lesser extent. South Asia is sometimes also included for economic and cultural reasons. The t ...

. He directed and served on dozens of dissertation committees from students from around the world.

Books

* *''Essentials of Money and Banking'', with

Robert Ekelund Robert Burton Ekelund Jr. (born 1940) is an American economist. Education Originally from Galveston, Texas, Ekelund attended St. Mary's University in San Antonio, Texas, earning his BBA in economics in 1962 and his MA in economics and histor ...

, Jr., John Wiley and Sons Ltd., 1981.

Select academic articles

*"Shock versus Gradualism in Models of Rational Expectations; The Case of Trade Liberalization," ''Journal of Development Economics'', 1997. *"On the Treatment of Anticipated Shocks in Models of Optimal Control with Rational Expectations: An Economic Interpretation," ''American Economic Review'', 1990. *"On the Outcome of Inconsistent Programs under Exchange Rate and Monetary Rules," ''Journal of Monetary Economics'', 1987. *"The Revenue-maximizing Inflation Rate and the Treatment of the Transition to Equilibrium," ''Journal of Money, Credit and Banking'', 1983. *"Market Organization and the Durability of Durable Goods," ''Econometrica'', 1977. *"The Honest Government's Guide to the Revenue From the Creation of Money," ''Journal of Political Economy'', 1974.

References

External links

Obituary

Guillermo Calvo on Pepe Auernheimer

Leonardo Auernheimer at WebMii

Leonardo Auernheimer at UCEMA
* Université du centre d'études macroeconomiques d'Argentine (from French Wikipedia) {{DEFAULTSORT:Auernheimer, Leonardo Argentine economists 1936 births 2010 deaths University of Buenos Aires alumni University of Chicago alumni Argentine expatriates in the United States