Board of Governors of the Federal Reserve System

International Finance

The Division of International Finance is responsible for basic research, policy analysis, and reporting in the areas of foreign economic activity, U.S. external trade and capital flows, and developments in international financial markets and institutions. Research responsibilities are shared by staff economists in the sections listed below as well as by the officers in the Program Direction group.

Advanced Foreign Economies

The Advanced Foreign Economies section prepares reports on, and engages in, policy analysis, forecasting, and basic research relating to economic developments and policies in major industrial countries that affect international payments, foreign exchange markets, and U.S. economic activity and policy. The section's research is concerned largely with open-economy macroeconomic issues.