TheEconomists
PrintEconomic research at the Federal Reserve Board is conducted primarily within the Division of Research and Statistics, the Division of Monetary Affairs, and the Division of International Finance. Together, the three divisions have approximately 450 staff members, about half of whom are Ph.D. economists. The Division of Reserve Bank Operations and Payment Systems, the Division of Consumer and Community Affairs, and the Division of Banking Supervision and Regulation also conduct economic research and employ Ph.D. economists.
Board economists produce numerous working papers and are among the leading contributors at professional meetings and in major journals. Board economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.
Stephanie R. Aaronson
Chief
Macroeconomic Analysis
Research and Statistics
Robert M. Adams
Senior Economist
Financial Structure
Research and Statistics
Javed I. Ahmed
Economist
Quantitative Risk Management
Banking Supervision and Regulation
Shaghil Ahmed
Assistant Director
Emerging Market Economies
International Finance
Andrea Ajello
Economist
Monetary Studies
Monetary Affairs
Ozge Akinci
Economist
Emerging Market Economies
International Finance
Dean F. Amel
Senior Economist
Financial Structure
Research and Statistics
John Ammer
Chief
Global Capital Markets
International Finance
Gary S. Anderson
Economist
Monetary Studies
Monetary Affairs
Elliot Anenberg
Economist
Household and Real Estate Finance
Research and Statistics
Gaetano Antinolfi
Senior Economist
Payment System Studies
Reserve Bank Operations and Payment Systems
Sirio Aramonte
Economist
Financial Stability Assessment
Office of Financial Stability Policy and Research
David M. Arseneau
Senior Economist
Trade and Quantitative Studies
International Finance
Carlos O. Arteta
Senior Economist
Advanced Foreign Economies
International Finance
Steffan G. Ball
Economist
Macroeconomic Analysis
Research and Statistics
Ayelen Banegas
Economist
Monetary and Reserve Analysis
Monetary Affairs
Alessandro Barbarino
Economist
Industrial Output
Research and Statistics
William F. Bassett
Deputy Associate Director
Program Direction
Monetary Affairs
Kimberly N. Bayard
Economist
Industrial Output
Research and Statistics
Daniel O. Beltran
Senior Economist
Global Financial Flows
International Finance
Brett D. Berger
Senior Economist
Emerging Market Economies
International Finance
Jose M. Berrospide
Economist
Financial Studies
Research and Statistics
Carol Bertaut
Chief
Global Financial Flows
International Finance
Neil Bhutta
Economist
Financial Structure
Research and Statistics
Lamont K. Black
Economist
Global Financial Institutions
International Finance
David Bowman
Assistant Director
Program Direction
International Finance
Flint Brayton
Senior Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Jesse Bricker
Economist
Microeconomic Surveys
Research and Statistics
Leah Brooks
Economist
Household and Real Estate Finance
Research and Statistics
Celso Brunetti
Economist
Risk Analysis
Research and Statistics
David M. Byrne
Senior Economist
Industrial Output
Research and Statistics
Marco Cagetti
Senior Economist
Flow of Funds
Research and Statistics
Cecilia R. Caglio
Economist
Financial Stability Assessment
Office of Financial Stability Policy and Research
Fang Cai
Economist
Global Financial Flows
International Finance
Tomaz Cajner
Economist
Macroeconomic Analysis
Research and Statistics
Dario Caldara
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Sean D. Campbell
Deputy Associate Director
Program Direction
Research and Statistics
Glenn B. Canner
Senior Adviser
Program Direction
Research and Statistics
Sandra A. Cannon
Deputy Associate Director
Program Direction
Research and Statistics
Francesca Carapella
Economist
Payment System Studies
Reserve Bank Operations and Payment Systems
Mark Carey
Senior Adviser
Program Direction
International Finance
Mark A. Carlson
Senior Economist
Monetary Policy and Dealer Analysis
Monetary Affairs
Seth B. Carpenter
Senior Associate Director
Program Direction
Monetary Affairs
Michele Cavallo
Senior Economist
Trade and Quantitative Studies
International Finance
Alain Chaboud
Senior Economist
Global Monetary and Sovereign Markets
International Finance
Hess T. Chung
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Sean Chu
Economist
Financial Structure
Research and Statistics
James A. Clouse
Deputy Director
Program Direction
Monetary Affairs
Andrew M. Cohen
Chief
Financial Structure
Research and Statistics
Thomas A. Connors
Deputy Director
Program Direction
International Finance
Ricardo Correa
Senior Economist
Global Financial Institutions
International Finance
Brahima Coulibaly
Senior Economist
Emerging Market Economies
International Finance
Francisco B. Covas
Chief
Banking Analysis
Monetary Affairs
Daniel M. Covitz
Associate Director
Program Direction
Research and Statistics
Stephanie E. Curcuru
Senior Economist
Global Capital Markets
International Finance
Tobias Cwik
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Stefania D'Amico
Senior Economist
Monetary and Financial Market Analysis
Monetary Affairs
Deborah J. Danker
Deputy Director
Program Direction
Monetary Affairs
Deepa Dhume Datta
Economist
Global Capital Markets
International Finance
Sally M. Davies
Adviser
Program Direction
International Finance
Andrea De Michelis
Senior Economist
Advanced Foreign Economies
International Finance
Michiel De Pooter
Economist
Global Monetary and Sovereign Markets
International Finance
Margaret DeBoer
Deputy Associate Director
Program Direction
Monetary Affairs
Oliver DeGroot
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Laurie Pounder DeMarco
Economist
Global Financial Flows
International Finance
Alan K. Detmeister
Economist
Macroeconomic Analysis
Research and Statistics
Dobrislav Dobrev
Economist
Trade and Financial Studies
International Finance
Jane K. Dokko
Economist
Household and Real Estate Finance
Research and Statistics
Brian M. Doyle
Adviser
Program Direction
International Finance
John C. Driscoll
Senior Economist
Banking Analysis
Monetary Affairs
Yaxin Duan
Economist
Global Capital Markets
International Finance
Wendy E. Dunn
Senior Economist
Macroeconomic Analysis
Research and Statistics
Bora Durdu
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Burcu Duygan-Bump
Senior Project Manager
Program Direction
Monetary Affairs
Rochelle M. Edge
Assistant Director
Program Direction
Office of Financial Stability Policy and Research
Matthew J. Eichner
Deputy Director
Program Direction
Research and Statistics
Gregory Elliehausen
Economist
Household and Real Estate Finance
Research and Statistics
Eric M. Engen
Associate Director
Program Direction
Research and Statistics
William English
Director
Program Direction
Monetary Affairs
Eric C. Engstrom
Chief
Capital Markets
Research and Statistics
Brendan Epstein
Economist
Advanced Foreign Economies
International Finance
Christopher Erceg
Associate Director
Program Direction
International Finance
Neil R. Ericsson
Senior Economist
Trade and Financial Studies
International Finance
Antonio Falato
Economist
Capital Markets
Research and Statistics
Bruce Fallick
Senior Economist
Macroeconomic Analysis
Research and Statistics
Vincent Fardeau
Economist
Risk Analysis
Research and Statistics
Jon Faust
Special Adviser to the Board
General Program Support
Office of Board Members
Laura J. Feiveson
Economist
Macroeconomic Analysis
Research and Statistics
Naomi E. Feldman
Economist
Fiscal Analysis
Research and Statistics
Andrew Figura
Senior Economist
Macroeconomic Analysis
Research and Statistics
Simon B. Firestone
Economist
Quantitative Risk Management
Banking Supervision and Regulation
Charles A. Fleischman
Senior Economist
Macroeconomic Analysis
Research and Statistics
Nathan Foley-Fisher
Economist
Advanced Foreign Economies
International Finance
Glenn R. Follette
Chief
Fiscal Analysis
Research and Statistics
Etienne Gagnon
Senior Economist
Advanced Foreign Economies
International Finance
Joshua Gallin
Deputy Associate Director
Program Direction
Research and Statistics
Geoffrey R. Gerdes
Senior Economist
Payment System Studies
Reserve Bank Operations and Payment Systems
Michael S. Gibson
Director
Program Direction
Banking Supervision and Regulation
Charles E. Gilbert
Senior Economist
Industrial Output
Research and Statistics
Jonathan Goldberg
Economist
Monetary Policy and Dealer Analysis
Monetary Affairs
Marco Migueis
Economist
Quantitative Risk Management
Banking Supervision and Regulation
Manuel P. Gonzalez-Astudillo
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Michael B. Gordy
Senior Economist
Risk Analysis
Research and Statistics
Daniel R. Gorin
Supervisory Policy Analyst
Policy Analysis
Consumer and Community Affairs
Lynn M. Gottschalk
Senior Economist
Fair Lending Enforcement
Consumer and Community Affairs
Juan Carlos Gozzi
Economist
Global Financial Institutions
International Finance
Jacob P. Gramlich
Economist
Financial Structure
Research and Statistics
Olesya V. Grishchenko
Economist
Monetary and Financial Market Analysis
Monetary Affairs
Joseph W. Gruber
Assistant Director
Trade and Quantitative Studies
International Finance
Luca Guerrieri
Chief
Financial and Macroeconomic Stability Studies
Office of Financial Stability Policy and Research
Li Gu
Economist
Quantitative Risk Management
Banking Supervision and Regulation
Christopher J. Gust
Chief
Monetary Studies
Monetary Affairs
Jeffrey J. Hallman
Senior Economist
Monetary and Reserve Analysis
Monetary Affairs
Jane T. Haltmaier
Senior Adviser
Program Direction
International Finance
Diana Hancock
Deputy Associate Director
Program Direction
Research and Statistics
Song Han
Chief
Short-Term Funding Markets
Research and Statistics
Erik A. Heitfield
Chief
Risk Analysis
Research and Statistics
Alice M. Henriques
Economist
Microeconomic Surveys
Research and Statistics
Edward P. Herbst
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Jasper Hoek
Senior Economist
Emerging Market Economies
International Finance
Joanne W. Hsu
Economist
Microeconomic Surveys
Research and Statistics
Matteo Iacoviello
Project Manager
Trade and Financial Studies
International Finance
Diana A. Iercosan
Economist
Quantitative Risk Management
Banking Supervision and Regulation
Jane E. Ihrig
Deputy Associate Director
Program Direction
Monetary Affairs
Hulusi Inanoglu
Senior Economist
Quantitative Risk Management
Banking Supervision and Regulation
Kathleen W. Johnson
Senior Economist
Household and Real Estate Finance
Research and Statistics
David S. Jones
Associate Director
Program Direction
Banking Supervision and Regulation
Ruth A. Judson
Economist
Global Financial Flows
International Finance
Steven B. Kamin
Director
Program Direction
International Finance
John Kandrac
Economist
Money Market Analysis
Monetary Affairs
Alex Kaufman
Economist
Flow of Funds
Research and Statistics
James E. Kennedy
Senior Economist
Flow of Funds
Research and Statistics
Arthur B. Kennickell
Assistant Director
Program Direction
Research and Statistics
Michael T. Kiley
Associate Director
Program Direction
Office of Financial Stability Policy and Research
Don H. Kim
Chief
Monetary and Financial Market Analysis
Monetary Affairs
Thomas King
Assistant Director
Monetary Policy and Dealer Analysis
Monetary Affairs
Elizabeth K. Kiser
Assistant Director
Program Direction
Research and Statistics
Yuriy Kitsul
Economist
Monetary and Financial Market Analysis
Monetary Affairs
Elizabeth C. Klee
Chief
Money Market Analysis
Monetary Affairs
Illenin O. Kondo
Economist
Trade and Financial Studies
International Finance
Andre Kurmann
Economist
Monetary Studies
Monetary Affairs
Christopher J. Kurz
Senior Economist
Industrial Output
Research and Statistics
Andrea L. Kusko
Senior Economist
Fiscal Analysis
Research and Statistics
Jean-Philippe Laforte
Senior Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Thomas Laubach
Associate Director
Program Direction
Research and Statistics
Steven M. Laufer
Economist
Household and Real Estate Finance
Research and Statistics
Michael Leahy
Deputy Director
Program Direction
International Finance
David E. Lebow
Associate Director
Program Direction
Research and Statistics
Seung Jung Lee
Economist
Banking Analysis
Monetary Affairs
Andreas Lehnert
Deputy Director
Program Direction
Office of Financial Stability Policy and Research
Paul Lengermann
Senior Economist
Industrial Output
Research and Statistics
Andrew Levin
Special Adviser to the Board
General Program Support
Office of Board Members
Kurt F. Lewis
Economist
Monetary Policy and Dealer Analysis
Monetary Affairs
Logan T. Lewis
Economist
Trade and Quantitative Studies
International Finance
Nellie Liang
Director
Program Direction
Office of Financial Stability Policy and Research
Canlin Li
Economist
Monetary and Financial Market Analysis
Monetary Affairs
Dan Li
Economist
Capital Markets
Research and Statistics
Geng Li
Senior Economist
Household and Real Estate Finance
Research and Statistics
Jesper L. Linde
Chief
Trade and Financial Studies
International Finance
Deb Lindner
Senior Economist
Macroeconomic Analysis
Research and Statistics
Stephen F. Lin
Economist
Advanced Foreign Economies
International Finance
Anna Lipinska
Economist
Monetary and Reserve Analysis
Monetary Affairs
Laura Lipscomb
Chief
Monetary and Reserve Analysis
Monetary Affairs
May X. Liu
Statistician
Payment System Studies
Reserve Bank Operations and Payment Systems
Juan-Miguel Londono-Yarce
Economist
Global Capital Markets
International Finance
J David Lopez-Salido
Deputy Associate Director
Program Direction
Monetary Affairs
Byron Lutz
Senior Economist
Fiscal Analysis
Research and Statistics
Traci L. Mach
Senior Economist
Financial Structure
Research and Statistics
Mark D. Manuszak
Senior Economist
Financial Structure
Research and Statistics
Jeffrey Marquardt
Deputy Director
Payment System Studies
Reserve Bank Operations and Payment Systems
Jaime Marquez
Senior Economist
Global Financial Flows
International Finance
Robert F. Martin
Chief
Global Monetary and Sovereign Markets
International Finance
Patrick E. McCabe
Senior Economist
Flow of Funds
Research and Statistics
Susan Hume McIntosh
Senior Economist
Flow of Funds
Research and Statistics
Ellen Meade
Senior Adviser
Program Direction
Monetary Affairs
Ralf R. Meisenzahl
Economist
Financial Studies
Research and Statistics
Ellen A. Merry
Senior Economist
Consumer Research
Consumer and Community Affairs
Elmar Mertens
Economist
Monetary Studies
Monetary Affairs
Stephen A. Meyer
Deputy Director
Program Direction
Monetary Affairs
Alvaro Mezza
Economist
Household and Real Estate Finance
Research and Statistics
Jonathan N. Millar
Senior Economist
Macroeconomic Analysis
Research and Statistics
David C. Mills
Chief
Payment System Studies
Reserve Bank Operations and Payment Systems
Raven Molloy
Senior Economist
Macroeconomic Analysis
Research and Statistics
Kevin B. Moore
Senior Economist
Microeconomic Surveys
Research and Statistics
Bernardo C. Morais
Economist
Trade and Quantitative Studies
International Finance
Norman J. Morin
Chief
Industrial Output
Research and Statistics
Toshihiko Mukoyama
Economist
Trade and Financial Studies
International Finance
Jeremy J. Nalewaik
Economist
Macroeconomic Analysis
Research and Statistics
Fabio M. Natalucci
Associate Director
Program Direction
Monetary Affairs
Christopher J. Nekarda
Economist
Macroeconomic Analysis
Research and Statistics
Edward Nelson
Assistant Director
Program Direction
Monetary Affairs
William R. Nelson
Deputy Director
Program Direction
Monetary Affairs
Travis D. Nesmith
Senior Economist
Payment System Studies
Reserve Bank Operations and Payment Systems
Joseph B. Nichols
Economist
Household and Real Estate Finance
Research and Statistics
Ricardo Praca Cavaco Nunes
Economist
Trade and Financial Studies
International Finance
James M. O'Brien
Senior Economist
Risk Analysis
Research and Statistics
Anna Orlik
Economist
Monetary Policy and Dealer Analysis
Monetary Affairs
Maria W. Otoo
Economist
Industrial Output
Research and Statistics
Serdar Ozkan
Economist
Flow of Funds
Research and Statistics
Andrew D. Paciorek
Economist
Macroeconomic Analysis
Research and Statistics
Michael G. Palumbo
Associate Director
Program Direction
Research and Statistics
Vasia Panousi
Economist
Fiscal Analysis
Research and Statistics
Yang-Ho Park
Economist
Risk Analysis
Research and Statistics
Fernando J. Parro
Economist
Emerging Market Economies
International Finance
Wayne Passmore
Associate Director
Program Direction
Research and Statistics
Karen M. Pence
Assistant Director
Program Direction
Research and Statistics
Ekaterina Peneva
Economist
Macroeconomic Analysis
Research and Statistics
Maria G. Perozek
Senior Economist
Flow of Funds
Research and Statistics
William B. Peterman
Economist
Fiscal Analysis
Research and Statistics
Lubomir Petrasek
Economist
Monetary Policy and Dealer Analysis
Monetary Affairs
Justin R. Pierce
Economist
Industrial Output
Research and Statistics
Eugénio Pinto
Economist
Macroeconomic Analysis
Research and Statistics
Valery Polkovnichenko
Economist
Capital Markets
Research and Statistics
Robin Prager
Senior Adviser
Program Direction
Research and Statistics
Marcel A. Priebsch
Economist
Monetary and Financial Market Analysis
Monetary Affairs
Seth Pruitt
Economist
Global Monetary and Sovereign Markets
International Finance
Michael V. Pykhtin
Senior Economist
Quantitative Risk Management
Banking Supervision and Regulation
Albert Queralto
Economist
Trade and Financial Studies
International Finance
Andrea Raffo
Senior Economist
Advanced Foreign Economies
International Finance
Rodney Ramcharan
Economist
Financial Studies
Research and Statistics
David D. Ratner
Economist
Macroeconomic Analysis
Research and Statistics
Trevor A. Reeve
Associate Director
Program Direction
International Finance
David Reifschneider
Deputy Director
Program Direction
Research and Statistics
Marcelo Rezende
Economist
Banking Analysis
Monetary Affairs
Tara Rice
Chief
Global Financial Institutions
International Finance
John M. Roberts
Assistant Director
Macroeconomic and Quantitative Studies
Research and Statistics
Patrice T. Robitaille
Senior Economist
Emerging Market Economies
International Finance
Barbara J. Robles
Senior Research Liaison
Community Development
Consumer and Community Affairs
John H. Rogers
Senior Adviser
Program Direction
International Finance
Jonathan D. Rose
Economist
Banking Analysis
Monetary Affairs
Jennifer E. Roush
Senior Economist
Monetary and Financial Market Analysis
Monetary Affairs
Gisela Rua
Economist
Industrial Output
Research and Statistics
Jeremy Rudd
Adviser
Program Direction
Research and Statistics
John Sabelhaus
Chief
Microeconomic Surveys
Research and Statistics
Claudia R. Sahm
Economist
Macroeconomic Analysis
Research and Statistics
Horacio Sapriza
Economist
Global Monetary and Sovereign Markets
International Finance
John W. Schindler
Chief
Financial Stability Assessment
Office of Financial Stability Policy and Research
Bernd Schlusche
Economist
Money Market Analysis
Monetary Affairs
Maximilian Schmeiser
Economist
Consumer Research
Consumer and Community Affairs
Chiara Scotti
Senior Economist
Global Monetary and Sovereign Markets
International Finance
Karen V. Selody
Economist
Global Financial Institutions
International Finance
Zeynep Senyuz
Economist
Money Market Analysis
Monetary Affairs
Janice Shack-Marquez
Deputy Director
Program Direction
Research and Statistics
Steven A. Sharpe
Assistant Director
Program Direction
Research and Statistics
Louise M. Sheiner
Senior Economist
Fiscal Analysis
Research and Statistics
Shane M. Sherlund
Chief
Household and Real Estate Finance
Research and Statistics
Jae W. Sim
Economist
Macroeconomic and Quantitative Studies
Research and Statistics
David H. Small
Project Manager
FOMC Secretariat
Monetary Affairs
Christopher L. Smith
Economist
Macroeconomic Analysis
Research and Statistics
Matthew E. Smith
Economist
Monetary Studies
Monetary Affairs
Paul A. Smith
Chief
Flow of Funds
Research and Statistics
Kamila Sommer
Economist
Household and Real Estate Finance
Research and Statistics
Zhaogang Song
Economist
Monetary and Financial Market Analysis
Monetary Affairs
Jessica C. Stahl
Economist
Industrial Output
Research and Statistics
Viktors Stebunovs
Economist
Global Financial Institutions
International Finance
Andrea Stella
Economist
Advanced Foreign Economies
International Finance
John J. Stevens
Assistant Director
Program Direction
Research and Statistics
Brad E. Strum
Economist
Macroeconomic Analysis
Research and Statistics
Gustavo A. Suarez
Senior Economist
Capital Markets
Research and Statistics
Erin E. Syron
Economist
Money Market Analysis
Monetary Affairs
Pawel J. Szerszen
Economist
Risk Analysis
Research and Statistics
Alexandra M. Tabova
Economist
Global Financial Flows
International Finance
Hiroatsu Tanaka
Economist
Monetary and Financial Market Analysis
Monetary Affairs
Manjola Tase
Economist
Money Market Analysis
Monetary Affairs
Robert J. Tetlow
Senior Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Stacey Tevlin
Assistant Director
Program Direction
Research and Statistics
Charles P. Thomas
Deputy Associate Director
Program Direction
International Finance
Jeffrey P. Thompson
Economist
Microeconomic Surveys
Research and Statistics
Mary Tian
Economist
Global Capital Markets
International Finance
Mathias Trabandt
Economist
Trade and Financial Studies
International Finance
Thomas M. Trimbur
Economist
Industrial Output
Research and Statistics
Tugkan Tuzun
Economist
Capital Markets
Research and Statistics
Skander Van den Heuvel
Chief
Macroprudential Policy Analysis
Office of Financial Stability Policy and Research
Francisco Vazquez-Grande
Economist
Monetary Policy and Dealer Analysis
Monetary Affairs
Clara Vega
Senior Economist
Global Capital Markets
International Finance
Stephane Verani
Economist
Financial Studies
Research and Statistics
Ivan Vidangos
Economist
Fiscal Analysis
Research and Statistics
Robert J. Vigfusson
Senior Economist
Trade and Quantitative Studies
International Finance
Daniel J. Vine
Senior Economist
Industrial Output
Research and Statistics
Cindy M. Vojtech
Economist
Banking Analysis
Monetary Affairs
Nicholas A. Walraven
Economist
Macroeconomic Analysis
Research and Statistics
Ashley Wang
Economist
Capital Markets
Research and Statistics
Ke Wang
Economist
Quantitative Risk Management
Banking Supervision and Regulation
Missaka Warusawitharana
Economist
Flow of Funds
Research and Statistics
William L. Wascher
Deputy Director
Program Direction
Research and Statistics
Bin Wei
Economist
Capital Markets
Research and Statistics
Min Wei
Assistant Director
Program Direction
Monetary Affairs
Gretchen C. Weinbach
Associate Director
Program Direction
Monetary Affairs
David W. Wilcox
Director
Program Direction
Research and Statistics
Beth Anne Wilson
Deputy Associate Director
Program Direction
International Finance
Paul R. Wood
Chief
Advanced Foreign Economies
International Finance
Jason J. Wu
Chief
Monetary Policy and Dealer Analysis
Monetary Affairs
Emre Yoldas
Economist
Banking Analysis
Monetary Affairs
Vivian Zhanwei Yue
Economist
Trade and Financial Studies
International Finance
Egon Zakrajsek
Associate Director
Program Direction
Monetary Affairs
Rebecca Zarutskie
Economist
Flow of Funds
Research and Statistics
Joyce K. Zickler
Senior Adviser
Program Direction
Monetary Affairs
Andrei Zlate
Economist
Emerging Market Economies
International Finance
