The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
World Welfare is Rising: Estimation Using Nonparametric Bounds on Welfare Measures Journal of Public Economics, 97 no.1: 176-195, January 2013
Rational Inattention and Choice under Risk: Explaining Violations of Expected Utility Through a Shannon Entropy Formulation of the Costs of Rationality Atlantic Economic Journal 37, no. 1: 99-112, May 2009 (Winner of International Atlantic Economic Society EconSources.com Best Undergraduate Paper Competition)
The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.