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William Testa

Vice President and Director of Regional Research

Testa's Blog
(312) 322-5791

Bill Testa is a vice president and director of regional research in the economic research department at the Federal Reserve Bank of Chicago. Testa has written widely in the areas of economic growth and development, the Midwest economy and state–local public finance.

Testa currently serves as economics editor of the Chicago Fed Letter and on the editorial board of Economic Development Quarterly. His Midwest Economy web column, which can be found on the Federal Reserve Bank’s website, has become a widely read and nationally quoted feature.

Testa also serves in an advisory or director’s capacity to a variety of professional journals, nonprofit organizations, advisory boards and economic development initiatives in the Midwest.

Prior to joining the Chicago Fed in 1982, Testa was a visiting faculty member in the economics department at Tulane University in New Orleans and a graduate research fellow at the Academy for Contemporary Problems in Columbus, Ohio. He currently lectures at DePaul University’s College of Commerce. A native of Cleveland, Ohio, Testa received his undergraduate degree from Northwestern University in 1975 and a Ph.D. in economics from the Ohio State University in 1981.

Chicago Fed Letter
Donald A. Hanson, Martin Lavelle , William Testa | 2013 | No. 314 | September Download
Britton Lombardi, William Testa | 2011 | No. 289 | August Download
Sam Kahan, William Testa | 2008 | No. 248a | March Download
Sam Kahan, William Testa | 2008 | No. 248 | March Download
Gene Amromin, Carrie Jankowski, Elizabeth Nieman, Richard Porter, William Testa | 2007 | No. 242b | September Download
William Testa | 2005 | No. 220a | November Download
Thomas H. Klier, Rick Mattoon, William Testa | 2005 | No. 212b | March Download
Thomas H. Klier, Yukako Ono, William Testa | 2005 | No. 212a | March Download
Rick Mattoon, William Testa | 2004 | No. 204a | July Download
Thomas H. Klier, William Testa | 2003 | No. 197a | December Download
Jay Liao, William Testa, Alexei Zelenev | 2003 | No. 196 | November Download
Thomas H. Klier, William Testa | 2002 | No. 179b | July Download
Thomas H. Klier, William Testa | 2002 | No. 179a | July Download
Liz Handlin, Margrethe Krontoft, William Testa | 2002 | No. 175a | March Download
Margrethe Krontoft, Daniel McMillen, William Testa | 2001 | No. 172a | December Download
Thomas H. Klier, William Testa | 2001 | No. 168 | August Download
Thomas H. Klier, William Testa | 2001 | No. 167a | July Download
Margrethe Krontoft, William Testa | 2001 | No. 166a | June Download
Rick Kaglic, William Testa | 2000 | No. 158 | October Download
Loula Merkel, William Testa | 2000 | No. 155a | July Download
Nawsheen Rabbani, Surya Sen, William Testa | 2000 | No. 153a | May Download
Loula Merkel, David Oppedahl, William Testa | 2000 | No. 153 | May Download
Tommy Scheiding, Surya Sen, William Testa | 1999 | No. 145b | September Download
Surya Sen, William Testa | 1999 | No. 143a | July Download
William Testa | 1998 | No. 128 | April Download
Thomas H. Klier, Rick Mattoon, William Testa | 1997 | No. 118 | June Download
Rick Mattoon, William Testa | 1996 | No. 111 | November Download
Rick Kaglic, William Testa | 1995 | No. 99 | November Download
David Allardice , Rick Mattoon, William Testa | 1995 | No. 93 | May Download
Jerry W. Szatan, William Testa | 1994 | No. 83 | July Download
Paul D. Ballew , Rick Mattoon, William Testa | 1994 | No. 81 | May Download
Gary L. Benjamin, Rick Mattoon, William Testa | 1993 | No. 76 | December Download
Donald A. Hanson, William Testa | 1993 | No. 71 | July Download
Paul D. Ballew , William Testa | 1993 | No. 65 | January Download
David Allardice , Rick Mattoon, William Testa | 1992 | No. 63 | November Download
Donald A. Hanson, William Testa | 1992 | No. 59 | May Download
Rick Mattoon, William Testa | 1992 | No. 55 | March Download
Linda Aguilar , William Testa | 1991 | No. 47 | July Download
William Testa | 1990 | No. 37 | September Download
William Testa | 1990 | No. 34 | June Download
William Testa | 1989 | No. 25 | September Download
David Allardice , William Testa | 1988 | No. 16 | December Download
William Testa | 1987 | No. 04 | December Download
William Testa | 1987 | No. 03 | November Download
Economic Perspectives
William Sander, William Testa | 2010 | Vol. 34 | No. 2010-4 | 4th Quarter Download
Thomas H. Klier, William Testa, Alexei Zelenev | 2003 | Vol. 27 | No. 2003-4 | November | 4th Quarter Download
William Testa | 2001 | Vol. 25 | No. 2001-2 | May | 2nd Quarter Download
Rick Kaglic, William Testa | 1999 | Vol. 23 | No. 1999-2 | May | 2nd Quarter Download
Thomas H. Klier, Rick Mattoon, William Testa | 1997 | Vol. 21 | No. 1997-4 | June | 4th Quarter Download
William Testa | 1996 | Vol. 20 | No. 1996-1 | January Download
William H. Oakland, William Testa | 1995 | Vol. 19 | No. 1995-2 | March Download
Rick Mattoon, William Testa | 1995 | Vol. 19 | No. 1995-1 | January Download
Donald A. Hanson, Richard F. Kosobud, William Testa | 1993 | Vol. 17 | No. 1993-6 | November | 4th Quarter Download
Rick Mattoon, William Testa | 1993 | Vol. 17 | No. 1993-4 | July | 2nd Quarter Download
William Testa | 1993 | Vol. 17 | No. 1993-2 | March Download
William Testa | 1992 | Vol. 16 | No. 1992-3 | May | 2nd Quarter Download
Rick Mattoon, William Testa | 1992 | Vol. 16 | No. 1992-2 | March Download
Linda Aguilar , Rick Mattoon, William Testa | 1991 | Vol. 15 | No. 1991-3 | May | 2nd Quarter Download
William Testa | 1991 | Vol. 15 | No. 1991-3 | May | 2nd Quarter Download
Natalie A. Davila, William Testa | 1989 | Vol. 13 | No. 1989-2 | March Download
Alenka S. Giese, William Testa | 1987 | Vol. 11 | No. 1987-5 | September | 3rd Quarter Download
Diane F. Siegel, William Testa | 1986 | Vol. 10 | No. 1986-January/February Download
Diane F. Siegel, William Testa | 1985 | Vol. 9 | No. 1985-July/August Download
William Testa | 1984 | Vol. 8 | No. 1984-September/October Download
Jerry W. Szatan, William Testa | 1984 | Vol. 8 | No. 1984-September/October Download
William Testa | 1983 | Vol. 7 | No. 1983-September/October Download
Working Papers
William H. Oakland, William Testa | 1998 | No. 98-16 Download

Journal Articles and Book Chapters

With William Sander 2016. "Multinomial Logit Estimates of Household Location in the Chicago Metropolitan Area," Letters in Spatial and Resource Sciences, forthcoming (available online).

With William Sander, 2016, "Household Location and Economic Development in the Chicago Metropolitan Area," Economic Development Quarterly, Vol.30, No. 3, pp. 232-238 (available online).

With William Sander, 2015, "Parents' Education, School-Age Children and Household Location in American Cities," Papers in Regional Science, Vol. 94, No. 3, August, pp. 573-595.

With William Sander, 2012, "Education and the Location of Work: A Continued Role for Central Cities?," Annals of Regional Science, Vol. 50, No. 2, pp. 577-590.

With William Sander, 2009, "Education and Household Location in Chicago," Growth and Change, Vol. 40, No. 1, pp. 116-139.

With Richard H. Mattoon, 2007, “The Gross Receipts Tax: A New Approach to Business Taxation," National Tax Journal, Vol. 60, No. 4, pp. 79–89.

2006, "Headquarters Research and Implications for Local Development," Economic Development Quarterly, Vol. 20, No. 2, pp. 111-116.

With William H. Oakland, 2000, “The Benefit Principle as a Preferred Approach to Taxing Business in the Midwest,” Economic Development Quarterly, Vol. 14, No. 2, pp. 154-164.

With William H. Oakland, 1998, "Fiscal Impacts of Business Development in Chicago Suburbs," in Local Government and Land Use Policies in the United States, Wallace E. Oates (ed.), Northhampton: Edward Elgar, pp. 201-117.

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