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Staff Economists

Our economists provide analytic support for the New York Fed's core missions and are actively engaged in research on a broad range of topics.


All Economists	By Expertise	By Department

Alphabetical listing of areas of expertise

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


A
Aging Population
Fatih Karahan Senior Economist Microeconomic Studies Function
Applied Macroeconomics
Hunter L. Clark Assistant Vice President International Research Function	Laura Pilossoph Economist Macroeconomic and Monetary Studies Function
Applied Microeconomics
Adam Copeland Assistant Vice President Money and Payments Studies Function	Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function
Maxim L. Pinkovskiy Senior Economist Microeconomic Studies Function	Giorgio Topa Vice President Microeconomic Studies Function
Asset Pricing
Nina Boyarchenko Research Officer Capital Markets Function	Marco Cipriani Assistant Vice President and Function Head Money and Payments Studies Function
Fernando M. Duarte Senior Economist Capital Markets Function	David O. Lucca Vice President Capital Markets Function
Peter Van Tassel Economist Capital Markets Function	Desi Volker Economist Capital Markets Function



B
Bank capital
Beverly Hirtle Executive Vice President Director of Research
Banking
Nicola Cetorelli Vice President and Function Head Financial Intermediation Function	Jeffrey B. Dawson Research Officer International Research Function
Marco Del Negro Vice President Macroeconomic and Monetary Studies Function	Linda S. Goldberg Senior Vice President Financial Intermediation Function
Jan J. J. Groen Research Officer International Research Function	Beverly Hirtle Executive Vice President Director of Research
Anna Kovner Policy Leader for Financial Stability	David O. Lucca Vice President Capital Markets Function
Stephan Luck Senior Economist Financial Intermediation Function	Antoine Martin Senior Vice President Money and Payments Studies Function
Donald P. Morgan Assistant Vice President Financial Intermediation Function	Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function
Matthew C. Plosser Research Officer Financial Intermediation Function	João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Moritz Schularick Assistant Vice President Capital Markets Function	John C. Williams President and Chief Executive Officer
Banking and Financial Institutions
Donald P. Morgan Assistant Vice President Financial Intermediation Function	Matthew C. Plosser Research Officer Financial Intermediation Function
Banking and Financial Intermediation
Fulvia Fringuellotti Economist Financial Intermediation Function
Banking theory
João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Behavioral Economics
Marco Cipriani Assistant Vice President and Function Head Money and Payments Studies Function	Thomas M. Eisenbach Senior Economist Money and Payments Studies Function
Jason Somerville Economist Microeconomic Studies Function
Bid-ask spread
Marco Cipriani Assistant Vice President and Function Head Money and Payments Studies Function
Business Cycles
John C. Williams President and Chief Executive Officer



C
China
Hunter L. Clark Assistant Vice President International Research Function	Jeffrey B. Dawson Research Officer International Research Function
Consumer Confidence
Jason Bram Research Officer Regional Analysis Function
Consumer Finance
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function
Corporate Finance
Kristian S. Blickle Economist Financial Intermediation Function	Nicola Cetorelli Vice President and Function Head Financial Intermediation Function
Fulvia Fringuellotti Economist Financial Intermediation Function	Anna Kovner Policy Leader for Financial Stability
Michael Junho Lee Economist Money and Payments Studies Function	Davide Melcangi Economist Macroeconomic and Monetary Studies Function
Matthew C. Plosser Research Officer Financial Intermediation Function	João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function



E
Econometrics
Olivier Armantier Assistant Vice President and Function Head Microeconomic Studies Function	Marco Del Negro Vice President Macroeconomic and Monetary Studies Function
Jan J. J. Groen Research Officer International Research Function	Matthew Higgins Vice President International Research Function
Gabriele La Spada Senior Economist Money and Payments Studies Function	Haoyang Liu Economist Capital Markets Function
Maxim L. Pinkovskiy Senior Economist Microeconomic Studies Function	Or Shachar Senior Economist Capital Markets Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function	Giorgio Topa Vice President Microeconomic Studies Function
Wilbert van der Klaauw Senior Vice President Microeconomic Studies Function	Peter Van Tassel Economist Capital Markets Function
Economics of Education
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Daniel Mangrum Economist Microeconomic Studies Function
Wilbert van der Klaauw Senior Vice President Microeconomic Studies Function
Economics of Innovation
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function
Emerging Markets
Hunter L. Clark Assistant Vice President International Research Function	Jeffrey B. Dawson Research Officer International Research Function
Empirical Finance
Matthew C. Plosser Research Officer Financial Intermediation Function	Asani Sarkar Assistant Vice President Money and Payments Studies Function
Empirical Macroeconomics
Daniel J. Lewis Senior Economist Macroeconomic and Monetary Studies Function
Experimental Economics
Olivier Armantier Assistant Vice President and Function Head Microeconomic Studies Function	Jason Somerville Economist Microeconomic Studies Function



F
Fedwire
Marco Cipriani Assistant Vice President and Function Head Money and Payments Studies Function
Finance
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function	Gara Afonso Assistant Vice President Financial Intermediation Function
Mary Amiti Vice President Microeconomic Studies Function	Pablo Azar Economist Money and Payments Studies Function
Nina Boyarchenko Research Officer Capital Markets Function	Nicola Cetorelli Vice President and Function Head Financial Intermediation Function
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Marco Cipriani Assistant Vice President and Function Head Money and Payments Studies Function
Fernando M. Duarte Senior Economist Capital Markets Function	Thomas M. Eisenbach Senior Economist Money and Payments Studies Function
Linda S. Goldberg Senior Vice President Financial Intermediation Function	Jan J. J. Groen Research Officer International Research Function
Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function	Gizem Kosar Economist Microeconomic Studies Function
Donghoon Lee Research Officer Microeconomic Studies Function	Michael Junho Lee Economist Money and Payments Studies Function
David O. Lucca Vice President Capital Markets Function	Donald P. Morgan Assistant Vice President Financial Intermediation Function
Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function	Matthew C. Plosser Research Officer Financial Intermediation Function
Joshua V. Rosenberg Executive Vice President Chief Risk Officer	João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Asani Sarkar Assistant Vice President Money and Payments Studies Function	Desi Volker Economist Capital Markets Function
Financial Contracting
João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Financial crises
Gara Afonso Assistant Vice President Financial Intermediation Function	Nina Boyarchenko Research Officer Capital Markets Function
Asani Sarkar Assistant Vice President Money and Payments Studies Function
Financial Economics
Gara Afonso Assistant Vice President Financial Intermediation Function	Nina Boyarchenko Research Officer Capital Markets Function
Richard K. Crump Vice President Capital Markets Function	Thomas M. Eisenbach Senior Economist Money and Payments Studies Function
Jan J. J. Groen Research Officer International Research Function	Gabriele La Spada Senior Economist Money and Payments Studies Function
Stephan Luck Senior Economist Financial Intermediation Function	Joshua V. Rosenberg Executive Vice President Chief Risk Officer
João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function	Asani Sarkar Assistant Vice President Money and Payments Studies Function
Peter Van Tassel Economist Capital Markets Function	Desi Volker Economist Capital Markets Function
Financial History
Moritz Schularick Assistant Vice President Capital Markets Function
Financial Intermediation
Gara Afonso Assistant Vice President Financial Intermediation Function	Kristian S. Blickle Economist Financial Intermediation Function
Nicola Cetorelli Vice President and Function Head Financial Intermediation Function	Matteo Crosignani Economist Financial Intermediation Function
Michael J. Fleming Vice President and Function Head Capital Markets Function	Linda S. Goldberg Senior Vice President Financial Intermediation Function
Antoine Martin Senior Vice President Money and Payments Studies Function	Matthew C. Plosser Research Officer Financial Intermediation Function
João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function	Asani Sarkar Assistant Vice President Money and Payments Studies Function
Financial Stability
Gara Afonso Assistant Vice President Financial Intermediation Function	Thomas M. Eisenbach Senior Economist Money and Payments Studies Function
Anna Kovner Policy Leader for Financial Stability	Moritz Schularick Assistant Vice President Capital Markets Function
Firm Dynamics
Fatih Karahan Senior Economist Microeconomic Studies Function	Davide Melcangi Economist Macroeconomic and Monetary Studies Function
Forecasting
Hunter L. Clark Assistant Vice President International Research Function	Marco Del Negro Vice President Macroeconomic and Monetary Studies Function
Jan J. J. Groen Research Officer International Research Function	David O. Lucca Vice President Capital Markets Function
Funding liquidity and market liquidity
Asani Sarkar Assistant Vice President Money and Payments Studies Function



H
Household Finance
Kristian S. Blickle Economist Financial Intermediation Function	Fulvia Fringuellotti Economist Financial Intermediation Function
Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function	Gizem Kosar Economist Microeconomic Studies Function
Donghoon Lee Research Officer Microeconomic Studies Function	Haoyang Liu Economist Capital Markets Function
Donald P. Morgan Assistant Vice President Financial Intermediation Function
Housing
Jason Bram Research Officer Regional Analysis Function	Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function
Donghoon Lee Research Officer Microeconomic Studies Function	Jonathan McCarthy Vice President Macroeconomic and Monetary Studies Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function
Housing Economics
Donghoon Lee Research Officer Microeconomic Studies Function
Housing markets
Jason Bram Research Officer Regional Analysis Function	Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function



I
Industrial Organization
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function	Olivier Armantier Assistant Vice President and Function Head Microeconomic Studies Function
Nicola Cetorelli Vice President and Function Head Financial Intermediation Function	Adam Copeland Assistant Vice President Money and Payments Studies Function
Inequality
Keshav Dogra Senior Economist Macroeconomic and Monetary Studies Function	Fatih Karahan Senior Economist Microeconomic Studies Function
Infrastructure
Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function	Bill Selick Vice President and Head Group Shared Services Function
Interbank markets
Gara Afonso Assistant Vice President Financial Intermediation Function
International Banking and Finance
Linda S. Goldberg Senior Vice President Financial Intermediation Function
International Economics
Mary Amiti Vice President Microeconomic Studies Function	Nicola Cetorelli Vice President and Function Head Financial Intermediation Function
Marco Del Negro Vice President Macroeconomic and Monetary Studies Function	Julian di Giovanni Assistant Vice President International Research Function
Matthew Higgins Vice President International Research Function	Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function
International finance
Jan J. J. Groen Research Officer International Research Function	Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function
Asani Sarkar Assistant Vice President Money and Payments Studies Function
International Finance
Gianluca Benigno Assistant Vice President and Function Head International Research Function	Moritz Schularick Assistant Vice President Capital Markets Function
International Macroeconomics
Ozge Akinci Senior Economist International Research Function	Gianluca Benigno Assistant Vice President and Function Head International Research Function
Linda S. Goldberg Senior Vice President Financial Intermediation Function	Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function
International Roles of the Dollar
Linda S. Goldberg Senior Vice President Financial Intermediation Function
International Trade
Mary Amiti Vice President Microeconomic Studies Function	Sebastian Heise Economist Macroeconomic and Monetary Studies Function
Thomas Klitgaard Vice President International Research Function
Inventories
Jonathan McCarthy Vice President Macroeconomic and Monetary Studies Function
Investment
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Jonathan McCarthy Vice President Macroeconomic and Monetary Studies Function
Wilbert van der Klaauw Senior Vice President Microeconomic Studies Function



L
Labor Economics
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Richard Deitz Assistant Vice President Regional Analysis Function
Ben Hyman Economist Regional Analysis Function	Gizem Kosar Economist Microeconomic Studies Function
Donghoon Lee Research Officer Microeconomic Studies Function	Daniel Mangrum Economist Microeconomic Studies Function
Davide Melcangi Economist Macroeconomic and Monetary Studies Function	Laura Pilossoph Economist Macroeconomic and Monetary Studies Function
Giorgio Topa Vice President Microeconomic Studies Function	Wilbert van der Klaauw Senior Vice President Microeconomic Studies Function
Labor Markets
Fatih Karahan Senior Economist Microeconomic Studies Function
Linkages between financial markets and macroeconomy
Asani Sarkar Assistant Vice President Money and Payments Studies Function
Liquidity
Gara Afonso Assistant Vice President Financial Intermediation Function	Michael J. Fleming Vice President and Function Head Capital Markets Function
Asani Sarkar Assistant Vice President Money and Payments Studies Function



M
Machine Learning
Haoyang Liu Economist Capital Markets Function
Macroeconomics
Ozge Akinci Senior Economist International Research Function	Martín Almuzara Economist Macroeconomic and Monetary Studies Function
Pablo Azar Economist Money and Payments Studies Function	Nina Boyarchenko Research Officer Capital Markets Function
Hunter L. Clark Assistant Vice President International Research Function	Marco Del Negro Vice President Macroeconomic and Monetary Studies Function
Julian di Giovanni Assistant Vice President International Research Function	Keshav Dogra Senior Economist Macroeconomic and Monetary Studies Function
Fernando M. Duarte Senior Economist Capital Markets Function	Thomas M. Eisenbach Senior Economist Money and Payments Studies Function
Linda S. Goldberg Senior Vice President Financial Intermediation Function	Jan J. J. Groen Research Officer International Research Function
Sebastian Heise Economist Macroeconomic and Monetary Studies Function	David O. Lucca Vice President Capital Markets Function
Jonathan McCarthy Vice President Macroeconomic and Monetary Studies Function	Neil R. Mehrotra Senior Economist Macroeconomic and Monetary Studies Function
Davide Melcangi Economist Macroeconomic and Monetary Studies Function	Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function
Laura Pilossoph Economist Macroeconomic and Monetary Studies Function	Argia M. Sbordone Vice President and Function Head Macroeconomic and Monetary Studies Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function	John C. Williams President and Chief Executive Officer
Macro-finance
Moritz Schularick Assistant Vice President Capital Markets Function
Macroprudential Policy
Jeffrey B. Dawson Research Officer International Research Function
Monetary Economics
Gianluca Benigno Assistant Vice President and Function Head International Research Function	Marco Del Negro Vice President Macroeconomic and Monetary Studies Function
Keshav Dogra Senior Economist Macroeconomic and Monetary Studies Function	Fernando M. Duarte Senior Economist Capital Markets Function
Daniel J. Lewis Senior Economist Macroeconomic and Monetary Studies Function	Stephan Luck Senior Economist Financial Intermediation Function
Antoine Martin Senior Vice President Money and Payments Studies Function	Neil R. Mehrotra Senior Economist Macroeconomic and Monetary Studies Function
Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function	João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Argia M. Sbordone Vice President and Function Head Macroeconomic and Monetary Studies Function	Moritz Schularick Assistant Vice President Capital Markets Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function	Desi Volker Economist Capital Markets Function
Monetary Policy
Matteo Crosignani Economist Financial Intermediation Function	Keshav Dogra Senior Economist Macroeconomic and Monetary Studies Function
Thomas M. Eisenbach Senior Economist Money and Payments Studies Function	Michael J. Fleming Vice President and Function Head Capital Markets Function
Gabriele La Spada Senior Economist Money and Payments Studies Function	David O. Lucca Vice President Capital Markets Function
Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function	Argia M. Sbordone Vice President and Function Head Macroeconomic and Monetary Studies Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function	Desi Volker Economist Capital Markets Function
John C. Williams President and Chief Executive Officer
Money and Banking
Antoine Martin Senior Vice President Money and Payments Studies Function
Mortgage-Backed Securities
Haoyang Liu Economist Capital Markets Function



N
New Jersey
Jason Bram Research Officer Regional Analysis Function
New York
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function	Gara Afonso Assistant Vice President Financial Intermediation Function
Ozge Akinci Senior Economist International Research Function	Mary Amiti Vice President Microeconomic Studies Function
Olivier Armantier Assistant Vice President and Function Head Microeconomic Studies Function	Nina Boyarchenko Research Officer Capital Markets Function
Jason Bram Research Officer Regional Analysis Function	Nicola Cetorelli Vice President and Function Head Financial Intermediation Function
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Marco Cipriani Assistant Vice President and Function Head Money and Payments Studies Function
Hunter L. Clark Assistant Vice President International Research Function	Richard K. Crump Vice President Capital Markets Function
Richard Deitz Assistant Vice President Regional Analysis Function	Fernando M. Duarte Senior Economist Capital Markets Function
Thomas M. Eisenbach Senior Economist Money and Payments Studies Function	Michael J. Fleming Vice President and Function Head Capital Markets Function
Linda S. Goldberg Senior Vice President Financial Intermediation Function	Jan J. J. Groen Research Officer International Research Function
Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function	Matthew Higgins Vice President International Research Function
Gizem Kosar Economist Microeconomic Studies Function	Gabriele La Spada Senior Economist Money and Payments Studies Function
Donghoon Lee Research Officer Microeconomic Studies Function	Michael Junho Lee Economist Money and Payments Studies Function
David O. Lucca Vice President Capital Markets Function	Jonathan McCarthy Vice President Macroeconomic and Monetary Studies Function
Donald P. Morgan Assistant Vice President Financial Intermediation Function	Paolo Pesenti Senior Vice President – Chief Monetary Policy Advisor International Research Function
Laura Pilossoph Economist Macroeconomic and Monetary Studies Function	Matthew C. Plosser Research Officer Financial Intermediation Function
Joshua V. Rosenberg Executive Vice President Chief Risk Officer	João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Asani Sarkar Assistant Vice President Money and Payments Studies Function	Argia M. Sbordone Vice President and Function Head Macroeconomic and Monetary Studies Function
Bill Selick Vice President and Head Group Shared Services Function	Or Shachar Senior Economist Capital Markets Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function	Giorgio Topa Vice President Microeconomic Studies Function
Wilbert van der Klaauw Senior Vice President Microeconomic Studies Function	Peter Van Tassel Economist Capital Markets Function
Desi Volker Economist Capital Markets Function	John C. Williams President and Chief Executive Officer



P
Panel Data Econometrics
Martín Almuzara Economist Macroeconomic and Monetary Studies Function
Payment Economics
Antoine Martin Senior Vice President Money and Payments Studies Function
Political Economy
David O. Lucca Vice President Capital Markets Function	Moritz Schularick Assistant Vice President Capital Markets Function
Private Equity
Matthew C. Plosser Research Officer Financial Intermediation Function
Public Economics
Rajashri Chakrabarti Senior Economist Microeconomic Studies Function	Gizem Kosar Economist Microeconomic Studies Function
Maxim L. Pinkovskiy Senior Economist Microeconomic Studies Function	Jason Somerville Economist Microeconomic Studies Function
Public Finance
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function	Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function
Ben Hyman Economist Regional Analysis Function
Puerto Rico
Jason Bram Research Officer Regional Analysis Function	Hunter L. Clark Assistant Vice President International Research Function



R
Real Estate Finance
Kristian S. Blickle Economist Financial Intermediation Function
Regional Economics
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function	Richard Deitz Assistant Vice President Regional Analysis Function
Regulation
Matteo Crosignani Economist Financial Intermediation Function	João A.C. Santos Senior Vice President – Policy Leader for Microprudential Supervision Financial Intermediation Function
Asani Sarkar Assistant Vice President Money and Payments Studies Function
Risk management
Beverly Hirtle Executive Vice President Director of Research	Joshua V. Rosenberg Executive Vice President Chief Risk Officer
Risk Measurement
Beverly Hirtle Executive Vice President Director of Research



S
Second District Economy
Jason Bram Research Officer Regional Analysis Function
Sovereign Risk
Hunter L. Clark Assistant Vice President International Research Function	Jeffrey B. Dawson Research Officer International Research Function
Spatial Econometrics
Giorgio Topa Vice President Microeconomic Studies Function



T
Time Series
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function
Time Series Econometrics
Martín Almuzara Economist Macroeconomic and Monetary Studies Function	Daniel J. Lewis Senior Economist Macroeconomic and Monetary Studies Function
Andrea Tambalotti Vice President Macroeconomic and Monetary Studies Function



U
Urban & Spatial Economics
Ben Hyman Economist Regional Analysis Function
Urban and Regional Economics
Jaison R. Abel Assistant Vice President and Function Head Regional Analysis Function
Urban Economics
Richard Deitz Assistant Vice President Regional Analysis Function	Andrew F. Haughwout Senior Vice President - Policy Leader for Household/Regional Microeconomic Studies Function
Daniel Mangrum Economist Microeconomic Studies Function

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