Microeconomics

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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:

Finance International Economics Macroeconomics Mathematical and Quantitative Methods Microeconomics

Division:

Consumer and Community Affairs Division of Board Members Financial Stability International Finance Monetary Affairs Research and Statistics Reserve Bank Operations and Payment Systems Supervision and Regulation

Microeconomics

Field:

Agricultural and Natural Resource Economics Demographic Economics Health, Education, and Welfare Industrial Organization Labor Economics Microeconomics Public Economics Urban, Rural, and Regional Economics

Stephanie R. Aaronson Assistant Director Program Direction
Research and Statistics

Robert M. Adams Principal Economist Consumer Finance
Research and Statistics

Hie Joo Ahn Principal Economist Current Macroeconomic Conditions
Research and Statistics

Elliot Anenberg Chief Real Estate Finance
Research and Statistics

Anton I. Badev Senior Economist Stress Testing
Supervision and Regulation

Alessandro Barbarino Principal Economist Current Macroeconomic Conditions
Research and Statistics

Bence A. Bardoczy Economist Macroeconomic and Quantitative Studies
Research and Statistics

William F. Bassett Senior Associate Director Program Direction
Financial Stability

Michael M. Batty Group Manager Flow of Funds
Research and Statistics

Garth Baughman Senior Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Kimberly N. Bayard Group Manager Industrial Output
Research and Statistics

David A. Benson Senior Economist Financial Structure
Research and Statistics

Joshua Blonz Senior Economist Industrial Output
Research and Statistics

Kenneth P. Brevoort Principal Economist Consumer and Community Development Research
Consumer and Community Affairs

Jesse Bricker Principal Economist Microeconomic Surveys
Research and Statistics

Colin C. Caines Principal Economist Emerging Market Economies
International Finance

Isabel Cairó Principal Economist Monetary Studies
Monetary Affairs

Tomaz Cajner Group Manager Industrial Output
Research and Statistics

Nick A. Carollo Economist Labor Markets
Research and Statistics

David B. Cashin Principal Economist Fiscal Analysis
Research and Statistics

Andrew C. Chang Principal Economist Microeconomic Surveys
Research and Statistics

David Cho Senior Economist Household and Business Spending
Research and Statistics

Joonkyu Choi Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

John M. Coglianese Senior Economist Labor Markets
Research and Statistics

Andrew M. Cohen Assistant Director Program Direction
Financial Stability

Leland D. Crane Senior Economist Industrial Output
Research and Statistics

Kabir Dasgupta Senior Economist Consumer and Community Development Research
Consumer and Community Affairs

Andrea De Michelis Assistant Director Program Direction
International Finance

Ryan A. Decker Principal Economist Industrial Output
Research and Statistics

Lisa J. Dettling Principal Economist Fiscal Analysis
Research and Statistics

Tomas Dominguez-Iino Economist Trade and Quantitative Studies
International Finance

Cynthia L. Doniger Senior Economist Money Market Analysis
Monetary Affairs

Elena Falcettoni Senior Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Laura J. Feiveson Deputy Assistant Secretary Household and Business Spending
Research and Statistics

Erin E. Syron Ferris Principal Economist Money Market Analysis
Monetary Affairs

Andrew Figura Associate Director Program Direction
Research and Statistics

Charles A. Fleischman Adviser Program Direction
Research and Statistics

Jean C. Flemming Senior Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Glenn R. Follette Associate Director Program Direction
Research and Statistics

Joaquin Garcia-Cabo Senior Economist Advanced Foreign Economies
International Finance

Marco Migueis Principal Economist Banking, Credit and Operational Risk
Supervision and Regulation

Sarena F. Goodman Principal Economist Microeconomic Surveys
Research and Statistics

Daniel R. Gorin Lead Supervisory Policy Analyst Policy Analysis
Consumer and Community Affairs

Lynn M. Gottschalk

Senior EconomistFair Lending Enforcement
Consumer and Community Affairs

Jacob P. Gramlich Chief Financial Structure
Research and Statistics

Sebastian H. Graves Economist Trade and Financial Studies
International Finance

Serafin J. Grundl Senior Economist Financial Structure
Research and Statistics

Aurel Hizmo Principal Economist Real Estate Finance
Research and Statistics

Colin J. Hottman Principal Economist Trade and Quantitative Studies
International Finance

Christopher Huckfeldt Senior Economist Global Modeling Studies
International Finance

Anni T. Isojaervi Economist Financial and Macroeconomic Stability Studies
Financial Stability

You Suk Kim Principal Economist Real Estate Finance
Research and Statistics

Elizabeth K. Kiser Associate Director Program Direction
Research and Statistics

Jacob Krimmel Economist Microeconomic Surveys
Research and Statistics

Jeff Larrimore Chief Consumer and Community Development Research
Consumer and Community Affairs

Anna Lipinska Group Manager Emerging Market Economies
International Finance

Byron Lutz Deputy Associate Director Program Direction
Research and Statistics

Traci L. Mach Principal Economist Flow of Funds
Research and Statistics

Mark D. Manuszak Deputy Associate Director Program Direction
Reserve Bank Operations and Payment Systems

Andrew H. McCallum Principal Economist Global Financial Flows
International Finance

Ellen A. Merry Principal Economist Consumer and Community Research
Consumer and Community Affairs

Alvaro Mezza Principal Economist Consumer Finance
Research and Statistics

Raven Molloy Deputy Associate Director Program Direction
Research and Statistics

Joshua K. Montes Principal Economist Labor Markets
Research and Statistics

Kevin B. Moore Assistant Director Program Direction
Research and Statistics

Bernardo C. Morais Principal Economist Emerging Market Economies
International Finance

Camilo Morales-Jimenez Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Patrick Moran Economist Household and Business Spending
Research and Statistics

Adele C. Morris Senior Adviser Program Direction
Financial Stability

Seth M. Murray Economist Labor Markets
Research and Statistics

Christopher J. Nekarda Principal Economist Labor Markets
Research and Statistics

Joseph B. Nichols Principal Economist Household and Business Spending
Research and Statistics

Eric R. Nielsen Principal Economist Flow of Funds
Research and Statistics

Scott W. Ohlmacher Senior Economist Industrial Output
Research and Statistics

Musa Orak Principal Economist Advanced Foreign Economies
International Finance

Andrew D. Paciorek Chief Household and Business Spending
Research and Statistics

Maria G. Perozek Group Manager Flow of Funds
Research and Statistics

William B. Peterman Chief Fiscal Analysis
Research and Statistics

Justin R. Pierce Group Manager Industrial Output
Research and Statistics

Brendan M. Price Senior Economist Labor Markets
Research and Statistics

Marcel A. Priebsch Principal Economist Monetary and Financial Market Analysis
Monetary Affairs

David D. Ratner Principal Economist Fiscal Analysis
Research and Statistics

Daniel R. Ringo Principal Economist Real Estate Finance
Research and Statistics

Erick Sager Senior Economist Prices and Wages
Research and Statistics

Francisca Sara-Zaror Economist Prices and Wages
Research and Statistics

Tess C. Scharlemann Principal Economist Real Estate Finance
Research and Statistics

Tim Schmidt-Eisenlohr Principal Economist Global Financial Flows
International Finance

Mariel E. Schwartz Economist Labor Markets
Research and Statistics

Gloria Sheu Group Manager Financial Structure
Research and Statistics

Chaehee Shin Principal Economist Financial Stability Assessment
Financial Stability

Soumitra Shukla Economist Emerging Market Economies
International Finance

Michael Siemer Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Christopher L. Smith Principal Economist Labor Markets
Research and Statistics

Paul A. Smith Deputy Associate Director Program Direction
Research and Statistics

John J. Stevens Senior Associate Director Program Direction
Research and Statistics

Michael Suher Senior Economist Banking, Credit and Operational Risk
Supervision and Regulation

Charles S. Taragin Principal Economist Financial Structure
Research and Statistics

Erin Troland Senior Economist Consumer and Community Development Research
Consumer and Community Affairs

Nick Turner Principal Economist Fiscal Analysis
Research and Statistics

Ivan Vidangos Chief Labor Markets
Research and Statistics

Alice Henriques Volz Chief Microeconomic Surveys
Research and Statistics

James Wang Principal Economist Stress Testing
Supervision and Regulation

William L. Wascher Deputy Director Program Direction
Research and Statistics

Douglas A. Webber Senior Economist Consumer and Community Development Research
Consumer and Community Affairs

Krzysztof P. Wozniak Section Chief Payment System Studies
Reserve Bank Operations and Payment Systems

Mike Zabek Senior Economist Consumer and Community Development Research
Consumer and Community Affairs

Last Update: February 02, 2023

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