The Federal Reserve Board employs over 300 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.

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International Finance

The Division of International Finance is responsible for basic research, policy analysis, and reporting in the areas of foreign economic activity, U.S. external trade and capital flows, and developments in international financial markets and institutions. Research responsibilities are shared by staff economists in the seven sections listed below as well as by the officers in the Program Direction group.

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Advanced Foreign Economies

The Advanced Foreign Economies section prepares reports on, and engages in, policy analysis, forecasting, and basic research relating to economic developments and policies in major industrial countries that affect international payments, foreign exchange markets, and U.S. economic activity and policy. The section's research is concerned largely with open-economy macroeconomic issues.

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Last update: March 20, 2017