Research and Analysis

Our research informs the public and policymakers by examining economic issues of importance to those in our local communities, across the nation, and around the world.
- Research teams
- Publications
  
  We publish research and analyses to keep audiences informed of economic trends in our region and nationwide. View latest releases or explore our archive.
- Events
- Inflation questions?
  Visit our Center for Inflation Research for all things inflation—from general information on how inflation works and why it matters to the latest data and analysis on current inflationary trends.

Region and Community

We represent and gather information from the Fourth Federal Reserve District, spanning Ohio and parts of Pennsylvania, West Virginia, and Kentucky. These resources are useful for our region, the communities we serve, and communities across the United States.
- Our region
  
  Learn about our work to advance understanding of economic trends affecting the Fourth District.
- Our communities
  
  The Cleveland Fed offers numerous resources to promote economic opportunity for residents across our region and the US.
- Events
  
  Hear from local leaders and community development experts about economic problems their communities face and the solutions they are putting forth.
- By topic
  
  Looking for the Fed’s work on a particular subject? Narrow your search to the areas that interest you.

Education

Learn economic basics, dive into inflation, and get educational resources and games for yourself or to share with others.
- What’s new?
  
  Explore the latest educational resources from the Cleveland Fed—from interactive articles and video explainers to games.
  - Infographics on Inflation
  - Inflation 101
- Financial Literacy and Career Readiness
  
  Browse the Cleveland Fed’s suite of programs and resources for informative ways to learn about personal finance or career readiness.
- Visits and tours
  
  Visit us to learn more about our history and our ongoing work to promote financial literacy throughout our region.
  - Visit Us
- Financial Literacy Curriculum
  Learn more about resources supporting required high school, middle school, and elementary school financial literacy courses.

Banking and Payments

We supervise financial institutions, support American consumers’ financial security, and maintain the financial stability and payment systems for the US Treasury.
- Banking research and tools
  
  The Cleveland Fed provides a range of tools for tracking trends in the lending environment.
- For consumers
  
  Learn about the resources we offer to help people in the community navigate the financial system.
- For financial institutions
  
  Understand the various requirements for Fed-chartered financial institutions and discover the range of services available to them—from cash services and reserve balance data to the discount window.
- Supporting the financial system
  
  Find out how the Cleveland Fed supervises member banks to ensure financial-system stability and support the US Treasury.

About Us

We serve the American people as part of the US central bank. We support the US economy and our region by studying economic conditions and issues that impact our communities, serving financial institutions, and providing economic education and resources for all.
- Our leadership
  
  Meet the individuals leading our mission, including the president and executive leadership team, advisory council members, and the boards of directors of each Cleveland Fed branch.
- Who we are and what we do
  
  The Fed does more than inform monetary policy. Learn about the mission, structure, and role of our organization, both regionally and nationally.
- Sharing our work
  
  Community outreach, education, and research are central to the Fed’s mission. Connect with us as we share our work, latest publications, and welcome you to visit our learning center.
- We have a long-standing commitment to diversity, equity, inclusion, and opportunity for our employees and the communities we serve.

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Economists

Leadership

Edward S. Knotek II

Edward S. Knotek II

Senior Vice President and Director of Research

macroeconomics, monetary economics, forecasting

Macroeconomic Policy

Todd E. Clark

Todd E. Clark

Senior Vice President

macroeconomics, time-series econometrics, forecasting

Daniel R. Carroll

Daniel R. Carroll

Senior Research Economist

macroeconomics, income and wealth inequality, public finance

Chengcheng Jia

Research Economist

monetary economics, macroeconomics, economic growth and productivity

Barış Kaymak

Barış Kaymak

Economic and Policy Advisor

macroeconomics, labor economics, public economics

André Victor D. Luduvice

André Victor D. Luduvice

Research Economist

macroeconomics, public finance, labor economics

Kurt G. Lunsford

Kurt G. Lunsford

Assistant Vice President

macro and monetary economics, applied-time series statistics, forecasting

Willem Van Zandweghe

Willem Van Zandweghe

Assistant Vice President

macroeconomics, monetary economics

Eric R. Young

Eric R. Young

Senior Research Economist

macroeconomics of inequality, consumer finance, and computational economics

Macroeconomic Forecasting

James Mitchell

Vice President

empirical macroeconomics, econometrics, forecasting

Christian Garciga

Christian Garciga

Economic Analyst

AI, NLP, monetary policy, empirical macroeconomics, forecasting

Paolo Gelain

Paolo Gelain

Research Economist

new Keynesian DSGE models, optimal monetary policy, house prices and household debt

Pierlauro Lopez

Research Economist

macroeconomics, asset pricing, monetary economics, computational methods

Randal J. Verbrugge

Randal J. Verbrugge

Senior Research Economist

prices and business cycles, applied time series, housing

Saeed Zaman

Saeed Zaman

Research Economist

applied macroeconomics, forecasting, monetary policy

Center for Inflation Research

Damjan Pfajfar

Vice President

inflation, macroeconomics, monetary economics

Robert W. Rich

Robert W. Rich

Senior Economic and Policy Advisor

macroeconomics, time series econometrics, expectations formation, inflation dynamics

Ina Hajdini

Ina Hajdini

Research Economist

macroeconomics, monetary economics, and forecasting

Microeconomics

Bruce Fallick

Bruce Fallick

Senior Vice President

job loss, unemployment, worker mobility, and wage rigidity

Victor Hernandez Martinez

Victor Hernandez Martinez

Research Economist

labor economics, public economics, microeconomics

Pawel Krolikowski

Pawel M. Krolikowski

Senior Research Economist

labor economics, business cycles, worker mobility and unemployment

Roberto Pinheiro

Roberto B. Pinheiro

Senior Research Economist

skills and labor productivity, spatial distribution of economic activity, information and market design

Banking and Finance

Paola Boel

Paola Boel

Vice President

monetary theory, payment systems, financial intermediation

Joseph Haubrich

Joseph G. Haubrich

Senior Economic and Policy Advisor

financial institutions, regulatory policy, term structure of interest rates

Lara Loewenstein

Lara Loewenstein

Research Economist

commercial and residential real estate, mortgage markets, applied microeconomics

Tom Phelan

Research Economist

macroeconomic theory, optimal contracting, public economics

Edward S. Prescott

Senior Economic and Policy Advisor

contract theory, financial intermediation, financial history, and organizational theory

Jan-Peter Siedlarek

Jan-Peter Siedlarek

Research Economist

game theory, networks, banking, competition and antitrust

Peter Zimmerman

Peter Zimmerman

Research Economist

market infrastructure, banking, fintech

Regional Analysis

Lisa Barrow

Lisa Barrow

Vice President

economics of education, labor economics, public economics

Brooke Dirtzu

Brooke Dirtzu

Economic Analyst

Julianne Dunn

Senior Regional Officer

Joel A. Elvery

Joel A. Elvery

Policy Economist

regional and urban economics, labor economics, applied econometrics

Jayme Gerring

Jayme V. Gerring

Research Analyst

Brett Huettner

Research Analyst

Mitchell Isler

Research Analyst

Russell Mills

Russell Mills

Senior Regional Officer

labor markets and regional demographic and economic indicators

Carol Moseley

Research Analyst

Guhan Venkatu

Guhan Venkatu

Senior Policy Advisor

regional economic activity

Stephan D. Whitaker

Stephan D. Whitaker

Senior Policy Economist

migration and labor mobility, housing supply and markets, state and local public finance

Program on Economic Inclusion

Vittoria Dicandia

Research Economist

labor economics, technological change, racial disparities, education, policing, migration

Karen Kopecky

Economic and Policy Advisor and Director

macroeconomics, inequality, health, public finance, household and family economics

Hal Martin

Policy Economist and Director, Small Business Credit Survey

housing, urban economics, public finance

Craig Sylvera

Craig Sylvera

Research Economist

urban economics, labor and demographic economics

Economist Emeritus

Ben R. Craig

Economist Emeritus

Owen F. Humpage

Owen F. Humpage

Economist Emeritus

Mark Schweitzer

Mark E. Schweitzer

Economist Emeritus

Ellis W. Tallman

Ellis W. Tallman

Economist Emeritus

Research Analysts

Alexander Cline

Research Analyst

Ruchita Coomar

Research Analyst

Martin DeLuca

Research Analyst

James Hamlette

Research Analyst

Christopher Healy

Christopher Healy

Research Analyst

Taylor N. Horn

Research Analyst

Dylan C. Jacobs

Research Analyst

Mukund Jayaram

Mukund Jayaram

Research Analyst

Jason Meyer

Jason Meyer

Research Analyst

Geena Panzitta

Research Analyst

Grant Rosenberger

Grant Rosenberger

Research Analyst

Taylor Shiroff

Taylor Shiroff

Research Analyst

Anaya Truss-Williams

Research Analyst

Christopher Walker

Christopher J. Walker

Research Analyst

Isabella Wang

Research Analyst