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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Fields of interest Business Cycles, Consumption and Savings, Housing, Labor Economics
Fatih Karahan joined the Federal Reserve Bank of New York in July 2012 as an Economist in the Microeconomic Studies Function. His primary research interests include macroeconomics of the labor market and housing market. His current research focuses on the role of geographical mismatch on unemployment during the Great Recession, the persistence of earnings shocks over the life cycle, and the effect of the returns to skills on the college premium. Mr. Karahan received his Ph.D. from the University of Pennsylvania in May 2012.