New York Fed opens new research centre

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The Federal Reserve Bank of New York announced on November 5 the opening of a new Center for Applied Macroeconomics and Econometrics (Amec). The new unit will focus on developing macroeconomic models and measures to support the analysis of monetary policy.

Marco Del Negro, who leads monetary and macroeconomic studies as a vice-president in the New York Fed’s research and statistics group, will serve as the centre’s inaugural director. Del Negro, who holds a PhD in economics from Yale University

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