Leonardo Auernheimer was an economist

Economist

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

, professor

Professor

A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...

, and international monetary consultant.

Auernheimer was born in Argentina

Argentina

Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

 on August 27, 1936 to Jose Ignacio Auernheimer and Maria Elena Savanti de Auernheimer. He graduated from the University of Buenos Aires

University of Buenos Aires

The University of Buenos Aires is the largest university in Argentina and the largest university by enrollment in Latin America. Founded on August 12, 1821 in the city of Buenos Aires, it consists of 13 faculties, 6 hospitals, 10 museums and is linked to 4 high schools: Colegio Nacional de Buenos...

 and received his Ph. D in Economics from the University of Chicago

University of Chicago

The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

 in 1973. Prior to that, he was a Visiting Professor at the Universidade Federal de Viçosa

Universidade Federal de Viçosa

Universidade Federal de Viçosa - UFV - is a public federal university located in the city of Viçosa, state of Minas Gerais, Brazil...

, Brazil

Brazil

Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

, and upon graduation he came to the Economics Department at Texas A&M University

Texas A&M University

Texas A&M University is a coeducational public research university located in College Station, Texas . It is the flagship institution of the Texas A&M University System. The sixth-largest university in the United States, A&M's enrollment for Fall 2011 was over 50,000 for the first time in school...

, 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 and open economy

Open economy

An open economy is an economy in which there are economic activities between domestic community and outside, e.g. people, including businesses, can trade in goods and services with other people and businesses in the international community, and flow of funds as investment across the border...

 macroeconomics, particularly dynamic inconsistency

Dynamic inconsistency

In economics, dynamic inconsistency, or time inconsistency, describes a situation where a decision-maker's preferences change over time in such a way that what is preferred at one point in time is inconsistent with what is preferred at another point in time...

 and the fiscal theory of the price level

Fiscal theory of the price level

The fiscal theory of the price level is the idea that government fiscal policy affects the price level: for the price level to be stable , government finances must be sustainable: they must run a balanced budget over the course of the business cycle, meaning they must not run a structural...

, and has been published in the premier economic journals including Journal of Political Economy

Journal of Political Economy

The Journal of Political Economy is an academic journal run by economists at the University of Chicago and published every two months by the University of Chicago Press. The journal publishes articles in both theoretical economics and empirical economics...

, Econometrica

Econometrica

Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...

, the American Economic Review

American Economic Review

The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...

, and the Journal of Monetary Economics

Journal of Monetary Economics

The Journal of Monetary Economics is a leading journal on macroeconomics and monetary economics currently published by Elsevier. Its first issue was in October of 1973. Beginning in 2002, the Carnegie-Rochester Conference Series on Public Policy: a bi-annual conference proceedings began to be...

, among others. He was an Associate Editor of the Journal of Applied Economics

Journal of Applied Economics

The Journal of Applied Economics is peer-reviewed and publishes original contributions on applied issues in micro and macroeconomics. The primary criteria for selecting papers are quality and importance for the field. Papers based on a well motivated research problem that make a concrete...

and the Journal of Development Economics

Journal of Development Economics

The Journal of Development Economics is a peer-reviewed academic journal published by Elsevier. It was established in 1974 and is considered the top field journal in development economics....

. He was a frequent consultant to the World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 in the evaluation of macroeconomic programs in many Latin America

Latin America

Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

n countries, as well as in Mongolia

Mongolia

Mongolia is a landlocked country in East and Central Asia. It is bordered by Russia to the north and China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only from Kazakhstan's eastern tip. Ulan Bator, the capital and largest...

, the Republic of Georgia and Lebanon

Lebanon

Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...

.

Consulting

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

International Monetary Fund

The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 as a Visiting Scholar, and was a Visiting Professor at ITAM

ITAM

ITAM may refer to:*Instituto Tecnológico Autónomo de México, a private research university located in Mexico City, Mexico*IT asset management*Immunoreceptor tyrosine-based activation motif...

, in Mexico City

Mexico City

Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

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

Buenos Aires

Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...

, and the University of Goettingen in Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

. He was a member of the Editorial Board of the 'Journal of Applied Economics'. He consulted on macroeconomics

Macroeconomics

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...

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

Middle East

The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...

 and Far East

Far East

The Far East is an English term mostly describing East Asia and Southeast Asia, with South Asia sometimes also included for economic and cultural reasons.The term came into use in European geopolitical discourse in the 19th century,...

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

Books

• International Financial Markets: the challenge of globalization, edited by Leonardo Auernheimer, University of Chicago Press, 2003.
• Essentials of Money and Banking, with Robert Ekelund
  Robert Ekelund
  Robert Burton Ekelund, Jr. is an American economist.-Education:Originally from Galveston, Texas, Ekelund attended St. Mary's University in San Antonio, Texas, earning his B.B.A. in economics in 1962 and his M.A. in economics and history the next year...
  
  , 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.

External links

• Obituary
• Guillermo Calvo on Pepe Auernheimer
• Texas A&M Homepage
• Leonardo Auernheimer at WebMii
• Leonardo Auernheimer at UCEMA
• Université du centre d'études macroeconomiques d'Argentine (from French Wikipedia)