William C. Whitesell is Director of Policy Research in Washington, DC. From 1987 to 2006 he served on the staff of the U.S. Federal Reserve Board, where he held management responsibilities for staff work on the formulation and implementation of monetary policy, including market analysis and the monetary regulation of banks. He conducted independent climate economics research from 2006 to 2007. Dr Whitesell has also held positions as a financial analyst at the World Bank and as a development finance specialist at the Banque Arabe et Internationale d'Investissement, in addition to proprietary consulting. Earlier he taught economics at New York University and Virginia Tech. He holds an MBA from the Wharton School at the University of Pennsylvania and a Ph.D. in economics from New York University.