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Session 14: The Role of Modeling and Forecasting in Economic Policy Development
Knowing both the “baseline” forecast and the likely effects of policy changes on the economic landscape are key inputs to the formulation of both monetary and fiscal policy. How are these inputs developed and how do they influence policy?
Links of Interest
Office of Management and Budget
FRB Macroeconomic and Quantitative Studies
Presentations
Michael Kiley: Macroeconomic Modeling at the Federal Reserve Board
Speakers
Donald Marron
Deputy Director
Congressional Budget Office, moderator
J. D. Foster
Associate Director for Economic Policy
Office of Management and Budget
Michael T. Kiley
Chief, Macroeconomic and Quantitative Studies Section
Federal Reserve Board
Michael Kiley is Chief of the Macroeconomic and Quantitative Studies Section, Division of Research and Statistics at the Federal Reserve Board. His fields of interest are Macroeconomics, Monetary Economics, and Econometrics and Statistics.
He has been at the Board of Governors since 1996, and has also served at the Organisation for Economic Cooperation and Development. He has also been a Lecturer at The Johns Hopkins University, and Visiting Assistant Professor, The University of Michigan at Ann Arbor.
He has a B.A., Economics, from the University of Delaware, 199. He has an M.A. and a Ph.D. from the University of Maryland at College Park.
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