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Yesterday I gave a virtual seminar on “Interest Rate Uncertainty as a Policy Tool?” with @galipkemal at @NYFedResearch. I began my career there in 1999. This “visit” was a wonderful opportunity to talk to old friends and make new ones.
https://www.newyorkfed.org/research 1/15
https://www.newyorkfed.org/research 1/15
Many of the best economists I know work at policy institutions like the Fed. No small number of them at the NY Fed. Here are the researchers I had the chance to talk to yesterday: 2/15
. @ozgeakinci has many very interesting papers—both working papers and publications—on capital flows, crises, financial markets, and macroprudential policy: http://ozgeakinci.com/ 3/15
. @BenignoGianluca was among those who gave key contributions to developing open economy New Keynesian macro between the late 1990s and early 2000s. More recently, on crises, stagnation, and the role of macro policies: https://www.newyorkfed.org/research/economists/benigno 4/15
. @marcodelnegro has given similarly important contributions to New Keynesian research on monetary policy, including very influential applied econometric work: https://www.newyorkfed.org/research/economists/delnegro 5/15
Ozge, Gianluca, and Marco have just introduced the new concept of financial (in)stability interest rate in very interesting new work with @Albert_Queralto: https://www.newyorkfed.org/research/staff_reports/sr946 6/15
Julian di Giovanni is among the leaders at the intersection of intl trade and macro. He has written key work with Andrei Levchenko and @IsabelleMejean on the role of granularity, and similarly interesting work on financial markets and networks: http://julian.digiovanni.ca/ 7/15
Linda Goldberg did seminal empirical and theoretical work in the mid 2000s on the dollar as key currency for intl trade and the consequences of this dominant role. More recently, working on banks, intl financial flows, and macroprudential policies: https://www.newyorkfed.org/research/economists/goldberg 8/15
Paolo Pesenti was among those who came immediately after @MauriceObstfeld and @KRogoff’s seminal 1995 JPE paper in developing the foundations of New Keynesian open economy macro. He was central to the development of the IMF’s GEM model: https://www.newyorkfed.org/research/economists/pesenti 9/15
Argia Sbordone has given many important contributions to research on inflation and optimal monetary policy. With Marco Del Negro and @Tamba_NYC, she is among those who developed the NY Fed’s DSGE model: https://www.newyorkfed.org/research/economists/sbordone 10/15
Desi Volker has very interesting research on financial markets, term structure modeling, and the effects of interest rate uncertainty: https://www.newyorkfed.org/research/economists/volker 11/15
Very few academic institutions can claim to have stronger groups than this in macroeconomics and international economics—and those mentioned in this thread are only the economists I had the opportunity to talk to yesterday. 12/15
There are many other top-level senior researchers at the NY Fed, many young ones who are producing excellent work, and many outstanding college graduates working as RAs who will be the next generation. 13/15
I hope I will be able to see my old and new friends at the NY Fed in person next time! 14/15
PS: The paper with @galipkemal that I presented is available here: https://www.dropbox.com/s/2ly5p99ig0xak2e/GhiroOzhanIRUPT.pdf?dl=0 
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