Board of Governors of the Federal Reserve System

Research and Statistics

The Division of Research and Statistics is responsible for developing and presenting economic and financial data and analysis for the use of the Board, the Federal Open Market Committee, and other Federal Reserve System officials. This information serves as background for the formulation and conduct of monetary, regulatory, and supervisory policies. In addition, the division fosters a broader understanding of issues relating to economic policy by providing leadership in economic and statistical research and by supplying data and analyses for public release.

Macroeconomic and Quantitative Studies

The Macroeconomic and Quantitative Studies section conducts basic and applied macroeconomic research, including research on linkages between real and financial market behavior. The work includes policy simulations and projections of macroeconomic activity--including simulations of alternative strategies for monetary policy--using econometric models developed by the staff; theoretical and quantitative analyses of issues related to macroeconomics and monetary policy; development of improved techniques for model specification, statistical estimation, and model simulation; and other analyses of alternative monetary or fiscal policies.