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The Research Group of the Federal Reserve Bank of New York
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Resident and Junior Resident Scholars Programs
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Resident Scholars Program Professor Ghysels is serving as our resident scholar through June 2009; Professor Leahy’s term runs through the end of 2008. Professor Ghysels is the Edward M. Bernstein Distinguished Professor of Economics at the University of North Carolina at Chapel Hill as well as a professor of finance at the university’s Kenan-Flagler Business School. A renowned researcher on time series econometrics and finance, he has published in the Journal of the American Statistical Association, the Journal of Econometrics, the Journal of Finance, the Journal of Financial Economics, the Review of Economics and Statistics, and the Review of Financial Studies. Professor Ghysels is a former coeditor of the Journal of Business and Economic Statistics and currently coeditor of the Journal of Financial Econometrics. He has served on the editorial boards of several other academic journals, chaired the Business and Economic Statistics Section of the American Statistical Association, and is the founding co-president of the Society for Financial Econometrics. For the past fifteen years, Professor Ghysels has been a visiting scholar at the Board of Governors of the Federal Reserve System and at the Federal Reserve Bank of New York. Professor Leahy is a professor of economics at New York University. He has also held teaching positions at Boston University and Harvard University and served as a visiting scholar at the Federal Reserve Banks of Kansas City, New York, and Philadelphia. Professor Leahy is well known for his research on macroeconomics, economic theory, and behavioral economics. His work has appeared in the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics, and the Review of Economics and Statistics. He is an associate editor of the American Economic Review and the Review of Economics and Statistics. In addition, Professor Leahy is a research associate at the National Bureau of Economic Research and was a research fellow of the Alfred P. Sloan Foundation. Resident scholars, selected from the top academic and policy institutions in areas related to the Bank’s broad policy interests, join the Bank for a stay of at least six months. They are considered members of the Research Group, and are offered access to resources on the same basis as other key Bank staff. The scholars pursue their own research agendas while providing intellectual leadership by advising and collaborating with our economists on an ongoing basis. They present their own work at Research Group seminars and attend presentations by others. Resident scholars also work closely with the director of research and have the opportunity to contribute to the Bank’s main policymaking discussions on such topics as monetary policy and macroeconomics, international economics, banking supervision and regulation, capital markets, financial stability, and applied microeconomics with an emphasis on regional and national issues. Previous resident scholars are:
Junior Resident Scholars Program Junior resident scholars work as staff economists for up to a year before beginning their tenure in academia. During that time, they are expected to pursue their own research agendas and collaborate with our economists on policy-related issues. The junior scholars present their own work at Research Group seminars and participate in other seminar discussions. They are also given opportunities to contribute to the Bank’s main policymaking mission. Former scholars are Emi Nakamura, assistant professor of economics and business, and Jón Steinsson, assistant professor of economics—both at Columbia University.
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