Brimmer, Andrew Felton
1926 - Born on September 13th in Newellton, Louisiana. American economist and administrator.
1945 - Brimmer was drafted into the Army and served for two years.
1950 - Brimmer enrolled in the University of Washington, earning a B.A. and an M.A. in economics.
1951 - He won a Fulbright grant for research in India, which produced his pioneering study of “Managing Agents” (Quarterly Journal of Economics), an early contribution to the development of Agency Theory.
1955 - Brimmer was employed by the Federal Reserve Bank of New York as an economist.
1957 - He received his Ph.D. degree from Harvard University.
1966 - He became a member of the Federal Reserve Governor, where he followed a moderate course on monetary policy, especially on issues involving taxation, government spending, and inflation.
- President Johnson appointed him to a full 14-year term as a Member of the Board of Governors of the Federal Reserve System.
1974 - He was appointed to a chair in the Business School of Harvard University, a post he held for 2 years.
1976 - He left the board to establish his own investment and consultant firm, Brimmer & Company.
1991 - Brimmer was elected to the Washington Academy of Sciences.
- Among Brimmer’s publications are books on “Life Insurance Companies in the Capital Market”, “Economic Development: International and African Perspectives”, “International Banking and Domestic Policy Perspectives” and “Economic Costs of Discrimination”.
1995-1998 - He was the first chairman of financial control board of Washington D.C.
Page last updated: 1:38am, 28th Aug '07