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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Fields of interest Labor Economics, Economics of Education, Applied Microeconomics, Experimental economics
Basit Zafar is a senior economist in the Microeconomic and Regional Studies Function, with particular interests in labor economics, economics of education, and applied microeconomics. His research focuses on understanding how individuals make decisions under uncertainty and in the presence of social interactions. His work employs a disparate set of empirical methods and techniques including the use of subjective expectations data and experimental data. Basit holds a Ph.D. from Northwestern University, awarded in 2008, and a B.Sc. from California Institute of Technology.