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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Global Financial Flows

The Global Financial Flows section analyzes U.S. international financial flows and their implications for the U.S. economy and the world more generally. This work focuses on the interaction between international and domestic financial markets, and section members conduct research on related topics. The section also oversees the Treasury International Capital Reports system and develops and manages extensive databases on cross-border assets and liabilities of U.S. residents and related transactions.

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Last update: March 20, 2017