The International Research Function conducts research and policy analysis in international economics, examining issues in open-economy macroeconomics, international trade, financial globalization, and economic development. The area also oversees the tracking of industrialized countries for the Bank. Staff research is published in academic journals and Federal Reserve publications and is designed to contribute to the Bank’s overall perspective on international issues.

• globalization, inflation, and monetary policy,
  
• capital mobility and financial integration,
• current account sustainability and global rebalancing,
• international business cycles,
• outsourcing and foreign direct investment,
• currency invoicing of international trade,
• causes and consequences of exchange rate movements,
• macroeconomic spillovers and policy interdependence,
• currency and financial crises,
• exchange rate pass-through to prices,
• determinants of international trade,
• comparisons of international money markets,
• international productivity and price differences, and
• European and Japanese economic issues.

To learn more about joining the Research Group: www.newyorkfed.org/careers/phd.html.

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