Economics Students Participate in Federal Reserve Bank Macro Boot Camp

September 24, 2015 | Academics

Professor Sebastien Buttet (far right) and students from his Principles of Macroeconomics 201 outside the Federal Reserve Bank of New York.

Professor Sebastien Buttet (far right) and students from his Principles of Macroeconomics 201 course outside the Federal Reserve Bank of New York.

Professor Sebastien Buttet and nine students from his Principles of Macroeconomics 201 course participated in the College Fed Challenge sponsored by the Federal Reserve Bank of New York on September 18. This “Macro Boot Camp” is the first part of the Fed Challenge, an outreach program run by the Federal Reserve Bank where college students from the greater New York area compete to analyze a case in macroeconomics and provide advice on monetary policy to the Central Bank. This is Guttman’s first year participating in the event.

Topics covered during the Macro Boot Camp included Federal Reserve Bank and monetary policy and using economic data for case analysis. Guttman students found the experience enjoyable and enlightening and asked pertinent questions. Continuing student Miguelissa Martinez, for example, was surprised that wages do not always go up as rapidly as inflation and asked more about this topic.

The second part of the Fed Challenge (semi-finals) will be held October 29. Students will present their case study analysis in front of a panel of economist judges from the Federal Reserve. Professor Buttet will work closely with students to prepare them for the presentation. If the students do well, they will advance to the finals in November.

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