Dr. Barker is an Adjunct Professor of Economics in the Graduate School of Business at the University of Chicago, teaching an MBA course in real estate. Dr. Barker is also a partner and manager of significant real estate holdings in eastern Iowa and consults on real estate related matters.
Prior to his position with the University of Chicago, Dr. Barker taught Real Estate and Corporate Finance at the University of Iowa. From 1991-1994, Dr. Barker worked as an Economist for the Federal Reserve Bank of New York, where he developed an econometric model to forecast problems at banks. The model has been adopted as the primary off-site surveillance program for the entire Federal Reserve System. In addition, he developed models to detect racial discrimination in mortgage lending that are also used by the Federal Reserve System. His research covers a variety of topics, including causes of bank failures, option risk management systems of banks, and theoretical work on money demand. He is currently working on a variety of papers related to real estate.
Dr. Barker received his B.A. in Economics from the University of California-Berkeley, and received his M.A. and Ph.D. in Economics and Finance from the University of Chicago.