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Board of Governors of the Federal Reserve System
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TheEconomists

Office of Financial Stability Policy and Research 

The Office of Financial Stability Policy and Research is responsible for coordinating and supporting the Board's work on financial stability. In conjunction with other Board divisions, the office identifies and analyzes potential threats to financial stability; monitors financial markets, institutions, and structures; and assesses and recommends policy alternatives to address these threats. In addition, the office fosters broader understanding of financial stability issues by undertaking longer term research, primarily in banking, finance, and macroeconomics.

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Financial and Macroeconomic Stability Studies

The Financial and Macroeconomic Stability Studies section is primarily responsible for assessment and research on the linkages between financial stability and macroeconomic performance, including the effects of the distress of financial institutions. This involves developing quantitative frameworks to assess the interaction between financial markets and institutions, household and business spending, and overall economic performance to better understand possible effects of liquidity regulations, capital requirements and other macroprudential policies. Section members support the Federal Reserve's stress tests by developing macroeconomic scenarios that address salient risks. Section members work with economists and professionals from other Divisions at the Board and Reserve Banks, and are expected to contribute to multi-division and multi-agency efforts to implement macroprudential policy.

  • Luca Guerrieri

    Chief

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • David M. Arseneau

    Senior Economist

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • Michele Modugno

    Economist

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • Mohammad Jahan-Parvar

    Economist

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

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Last update: September 15, 2014