In addition to these products, the work of AMEC economists includes studies of inequality and its implications for monetary/fiscal policy and macroeconomic dynamics, financial stability, the labor and housing markets, the international economy, climate change, understanding expectations formation, term structure models, as well as measures of important gauges for monetary policy, such as the natural rates of interest r* and unemployment u*. It also covers related time series and panel data models.
AMEC’s work will contribute directly and extensively to the advisory activities related to near- and medium-term forecasts, outlook analysis, and monetary policy design at the New York Fed, the Federal Reserve System, and the international central banking community. AMEC will also have an Advisory Board composed of academics whose role is to provide advice and direction on the most promising avenues of inquiry. This website will serve as a resource for those interested in the New York Fed’s macroeconomic products.
Read this Liberty Street Economics Q&A to find out more about AMEC’s goals and products.
APPLIED MACROECONOMICS AND ECONOMETRICS CENTER (AMEC)
The work of AMEC is supported by external advisors who are leaders in the field of economics.