Bill Testa retired as a vice president and director of regional research in the economic research department at the Federal Reserve Bank of Chicago in July 2018. Testa has written widely in the areas of economic growth and development, the Midwest economy and state–local public finance.
During his tenure at the Federal Reserve Bank of Chicago, Testa served 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, became a widely read and nationally quoted feature.
Testa also served 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 lectured at DePaul University’s College of Commerce. Testa received his undergraduate degree from Northwestern University in 1975 and a Ph.D. in economics from the Ohio State University in 1981.
Journal Articles and Book Chapters
With William Sander 2017. "Multinomial Logit Estimates of Household Location in the Chicago Metropolitan Area," Letters in Spatial and Resource Sciences, Vol. 10, No. 1, March, pp. 31-43.
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.