November 28, 2016
A team of undergraduate Tobin College of Business students took first place at the Federal Reserve Bank’s National College Fed Challenge final competition, representing St. John’s University on Tuesday, November 8, 2016.
Equipped with a five-year, quarterly macroeconomic data set provided by the Federal Reserve Bank of New York, the students were given a list of focus questions to guide their analysis and a challenge question on monetary policy. Separate sets of data and questions were supplied for the first and final rounds of competition.
The team created a detailed report that analyzed aggregate demand and supply, the labor market, inflation, the price level and the housing sector, including prediction of the federal funds rate according to the Taylor Rule, and estimation of the slope of the Phillip’s Curve using an exponential regression model, to provide scientific evidence to support their recommended monetary policy in response to the challenge question.
Team members, working under the guidance of Ralph Terregrossa, Ph.D., associate professor of economics and finance, included Vincent J. Amoia, team captain; Andrew Johnson, co-captain, Noah Wright, Matt McKenna, Linh Khanh Le, Chipo Sichizya, Enrique Flores, Joseph Vann and Noah Canderozzi.
Related News
Institute for Catholic Schools Provides Educational Resources to Local Catholic School
The Institute for Catholic Schools (ICS) in The School of Education at St. John’s University recently donated approximately $2,800 worth of academic and sensory learning tools to Father Vincent...
Meet Anna R. Lukachik ’80Ed, Pietas Medal Recipient
At St. John’s University’s annual Alumni Convocation on October 18, Anna R. Lukachik ’80Ed received the Pietas Medal, an award that honors exceptional alumni for their service and achievements...
Henry George Lecture Focuses on Economic Responses to Climate Change
The potential of a carbon wealth tax (CWT) to mitigate the continuing threat posed by climate change was the subject of St. John’s University’s semiannual Henry George Lecture Series, hosted by The Peter J. Tobin College of Business on October 30.