Ellis Tallman
Danforth-Lewis Professor of Economics
Ellis.Tallman@oberlin.edu

Ellis W. Tallman (Ph.D. Rochester, 1988), the Danforth-Lewis Professor of Economics at Oberlin College, has published scholarly articles in the fields of macroeconomics, economic forecasting, and historical episodes of financial crises.  In his research on financial crises, Mr. Tallman has drawn attention to the the United States experience during the Panic of 1907, an event that motivated the creation of the Federal Reserve System.  His macroeconomic research applies existing econometric techniques to address questions that have direct impact on monetary policy.
Among Mr. Tallman’s recent publications, “Forecasting Using Relative Entropy” (co-authored with John C. Robertson and Charles I. Whiteman) Journal of Money, Credit and Banking (2005) adapted relative entropy to incorporate information into statistical model forecasts that could not be merged otherwise.   Other publications include: “Permanent Income and Transitory Variation in Investment and Output”(coauthored with Lance A. Fisher and Hyeon-seung Huh)  Journal of Macroeconomics (2003), and “Improving Federal-Funds Rate Forecasts in VAR Models Used for Policy Analysis” (with John C. Robertson), Journal of Business and Economic Statistics, (2001), and"Clearinghouse Membership and Deposit Contraction During the Panic of 1907" (with Jon R. Moen), Journal of Economic History (March 2000), 60, 1, 145-63. His published articles also have appeared in scholarly journals such as the Journal of Monetary Economics, Economic Inquiry, and  Explorations in Economic History.
Mr. Tallman teaches macroeconomics, financial intermediation, and economic and financial history.
Prior to joining Oberlin College, Mr. Tallman was a Vice President and team leader for the Macro group in the Research Department at the Federal Reserve Bank of Atlanta, and also served as an adjunct professor at Emory University in Atlanta, Georgia. From January 1996 to December 1997, Mr. Tallman was a visiting senior research economist at the Reserve Bank of Australia, where he engaged in policy support and economic research for the Australian central bank.

Fall 2008: