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.
Research Analysts have two primary responsibilities:
Assisting economists in the analysis of current public policy issues and events
RAs help economists conduct current analysis and other short-term research on monetary policy, bank regulation, payments systems, financial markets, and the state of the U.S. and global economies. Current analysis often culminates in reports or presentations to the Bank’s president and senior management.
Assisting economists in long-term, academically oriented research projects
RAs help economists plan and execute long-term research on a wide range of applied and theoretical topics. Many RAs have the opportunity to coauthor scholarly articles with the economists.
Some day-to-day activities include:
Conducting econometric, computational, and analytical research intended for Bank publications as well as academic journals
Programming in statistical packages, such as SAS, STATA, and MATLAB
Running financial, banking, macroeconomic, and international forecasting models
Reviewing and organizing economic and financial data
Compiling and assessing information from academic journals, market sources, and government reports
Writing or assisting with reports and presentations on current economic and financial conditions and policy issues
Developing spreadsheet/web macros and programs to facilitate and improve data manipulation and analysis
Preparing background materials for and assisting in the formulation of senior management briefings.