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.
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.
Director and Economic Research Advisor in Household and Public Policy Research
Wilbert van der Klaauw is a labor economist and applied econometrician whose research interests include consumer subjective expectations, household financial behavior, the study of life cycle labor supply and occupational choice decisions, educational investment and productivity, and econometric approaches to program evaluation.
Joelle Scally is a senior data strategist, specializing in credit data and household finance. She helps explain insights and methods of CMD research to the public and plays a key role in producing the Quarterly Report on Household Debt and Credit.
Rajashri Chakrabarti's primary areas of interest include public economics and public policy, economics of education, and labor economics. Her current research focuses on issues including accountability and school choice, and issues in higher education such as merit aid and early admissions to U.S. colleges.
Daniel Mangrum’s research interests include labor economics, education economics, and consumer finance. His research focuses on understanding how policies affect the financial and labor market decisions of households such as investments in education, debt accumulation and repayment, and the effectiveness of financial education.
Maxim Pinkovskiy's particular interests are in understanding the dynamics of the health care sector in the United States. Other research interests include public economics, economic growth, and econometrics.
Jason Somerville’s research applies concepts from behavioral economics to a broad set of topics. His current research explores how choice-set composition can shape preferences, the impact of administrative burden on the take-up of welfare programs, and the role of memory in shaping demand for redistribution.
Giorgio Topa's primary research interests include applied microeconomics, labor economics, and applied econometrics. More specifically, he has been studying models of networks and local interactions, as well as devising econometric tools for the empirical implementation of such models.