FRBP Research

This page is intended to provide information of the Research Department at the the Federal Reserve Bank (FRB) of Philadelphia. You can find below the list of research economists, and information about our seminars, conferences, and publications. This page is personally created and maintained by Makoto Nakajima, and it is not an official page of the FRB Philadelphia. All mistakes belong to Makoto Nakajima.

Economists

Curently we have 31 research economists and 4 emeritus economists at the Research Department. Economists are listed separately in the section they belong to. Each name is linked to the respective personal homepage, if available. 

Research Director

• Roc Armenter

Associate Research Director

• Keith Sill (Also Section Head of Empirical Macroeconomics Section and Machine Learning Section)

Monetary and Macroeconomics Section

• Makoto Nakajima (Section Head)

• Enghin Atalay

• Lukasz Drozd

• Burbu Eyigungor

• Ryan Michaels

• Leena Rudanko

Empirical Macroeconomics Section

• Jonas Arias

• Thorsten Drautzburg

• Shigeru Fujita

Banking and Financial Markets Section

• Benjamin Lester (Section Head)

• Joseph Abadi

• Pablo D'Erasmo

• Ronel Elul

• Daniel Sanches

• James Vickery

• Edison Yu

Regional and Microeconomics Section

• Jeffrey Lin (Section Head)

• Jeffrey Brinkman

• Kyle Mangum

• Christopher Severen

• Allison Shertzer

• Bryan Stuart

Machine Learning Section

• Simon Freyaldenhoven

• Vitaly Meursault

• Minchul Shin

Consumer Finance Section

• Satyajit Chatterjee (Section Head)

• Andrew Hertzberg

• Wenli Li

• Igor Livshits

Emeritus Economists

• Mitchell Berlin

• Gerald A. Carlino

• Michael Dotsey

• Leonard Nakamura

Seminars and Conferences

We have active seminars and conferences going on all year long. There is a weekly Department Seminar series which all research economists attend. We have brownbag lunch seminars virtually everyday (sometimes twice a day). This link provides the list of recent seminars. The Research Department hosts many conferences as well. Below is the list of conferences in the recent past and in the current year.

Conferences in 2025 (Scheduled)

• Upenn-FRB Philadelphia Workshop on Macroeconomics and Economic Policy, March 2025

• Fintech and Financial Institution Research Conference, April 2025

• NBER-NSF Conference on Bayesian Inference in Econometrics and Statistics, May 2025

• Credit Markets and Macroeconomy Conference, May 2025

• PFMAP (Philadelphia Fed Mentoring and Advancing PhDs) Workshop, Fall 2025

• DSGE/ML Conference, October 2025.

• Third Philadelphia Junior Macroeconomics (PJM3) Workshop, November 2025

Conferences in 2024

• Biennial Conference on Consumer Finance and Macroeconomy, May 2024

• NBER-NSF Time Series Conference, November 2024

• Macroeconomics across Time and Space Conference, October 2024

• Conference on Frontiers in Machine Learning and Economics: Methods and Applications, October 2024

• Conference on Urban and Regional Economics (CURE), November 2024

• Second Philadelphia Junior Macroeconomics (PJM2) Workshop, November 2024

Conferrences in 2023

• First Philadelphia Junior Macroeconomics (PJM1) Workshop, April 2023

• Biennial Conference on Consumer Finance and Macroeconomy, May 2023

• BOC-BOJ-FRB Philadelphia Joint Macroeconomics Workshop, August 2023

• Macroeconomics across Time and Space Conference, September 2023

• Digital Curreny Workshop, September 2023

• Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models, October 2023

• Upenn-FRB Philadelphia Workshop on Macroeconomics and Economic Policy, November 2023

Visiting Scholar Program

We have plenty of visiting scholars visiting the Department all year long. This link provides the list of recent visitors.

Publications

We have our own working paper series. We also publish non-technical articles for general audience in Economic Insights, written by economists of the Research Department. Click the links below to find our recent working papers and our recent Economic Insights articles.

• Working Papers (research papers)

• Economic Insights (non-technical articles for general public)