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About the New York Fed
- About the New York Fed
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- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
  Introducing the New York Innovation Center: Delivering a central bank innovation execution
  
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Economic Research
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- Our economists engage in scholarly research and policy-oriented analysis on a wide range of important issues.
  
  The mission of the Applied Macroeconomics and Econometrics Center (AMEC) is to provide intellectual leadership in the central banking community in the fields of macro and applied econometrics.
  
  The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
  
  The monthly Empire State Manufacturing Survey tracks the sentiment of New York State manufacturing executives regarding business conditions.
  
  This ongoing Liberty Street Economics series analyzes disparities in economic and policy outcomes by race, gender, age, region, income, and other factors.

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- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
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- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
  
  The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
Community Development
& Education

Sebastian Heise

Research Economist
Labor and Product Market Studies
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

Sebastian.Heise@ny.frb.org


Bio	Publications	Working Papers	Social Media

Fields of interest
Macroeconomics, International Trade, Firm-to-Firm Relationships, Price Setting and Price Rigidity

Sebastian Heise is a research economist in Labor and Product Market Studies within the Monetary Policy Research Division. His main research focuses on long-term business relationships between firms and how such relationships influence the aggregate economy. Sebastian’s recent work has used transaction-level trade data from the U.S. Census to study how long-term relationships between firms affect price setting and how firm-to-firm relationships evolve over the business cycle. Sebastian also studies misallocation in the labor market. He earned his PhD from Yale University, a Graduate Diploma in mathematics from King’s College London, and an MSc from the University of Oxford.

https://www.sebastianheise.com

Sebastian Heise's CV PDF

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