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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Field of Interest:
Division:

Financial Stability

The Division of Financial Stability is responsible for coordinating and supporting the Board's work on financial stability. In conjunction with other Board divisions, the division 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 division fosters broader understanding of financial stability issues by undertaking longer term research, primarily in banking, finance, and macroeconomics.

Section:
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.

A
Photo of Elena Afanasyeva
Elena Afanasyeva Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Levent Altinoglu
Levent Altinoglu Economist Financial and Macroeconomic Stability Studies
Financial Stability

D
Photo of Bora Durdu
Bora Durdu Chief Financial and Macroeconomic Stability Studies
Financial Stability

M
Photo of Aytek Malkhozov
Aytek Malkhozov Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Michele Modugno
Michele Modugno Principal Economist Financial and Macroeconomic Stability Studies
Financial Stability

Z
Photo of Molin Zhong
Molin Zhong Economist Financial and Macroeconomic Stability Studies
Financial Stability
Last update: October 16, 2017