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Kaleb Nygaard

@KalebNygaard

15 Nov

@federalreserve

“The Fed could have done more and probably should have done more” - Chair Powell

Time for a #FedThread on Diversity @federalreserve

- Yellen on why diversity matters
- Bostic’s suggestions
- The first Black Director
- My new database
- Charts 🎉
- More resources

[1/34]

@BrookingsInst

So so much could be said about why diversity matters.

But for starters let’s turn to 4 points Janet Yellen, first woman Fed Chair (maybe first woman Treas. Sec.) made at a @BrookingsInst conference:

1) “Basic fairness” - first for a reason, and honestly should be enough

[2/34]

2) “Lack of diversity harms the field because it wastes talent”

3) “Diversity insures that research done within economics appropriately reflects society’s priorities”

[3/34]

Read 34 tweets

Kaleb Nygaard

@KalebNygaard

14 Jul

@federalreserve

The @federalreserve Chair has been called the 2nd most powerful position in the world. How much do you know about the people that have sat in the chair?

Fed History thread🎉based on a massive new database we built for new Centralverse interactive centralverse.org/FedWatcher/Cha…
[1/19]

To start, let me introduce you to the ten Chairs of the Federal Reserve. [2/19]

This is where life for each of the Fed Chairs began. [3/19]

Read 19 tweets

Kaleb Nygaard

@KalebNygaard

20 Feb

While designing our "How does the FOMC work?" interactive, we created a database of all 179 members past and present.

[1/12] Here's a #chartthread summarizing what we found.

Full disclaimers at the end. centralverse.org/FedWatcher/FOM…

[2/12] Undergrad Degrees:

Econ by far the most common...but only half of all FOMC members studied Econ in undergrad, and about the same breakdown holds for just the Govs/RBPres. Shout out to Allan Sproul for studying Pomology 🍊🍎🍐

[3/12] Undergrad Schools:

Sure, the "Big Schools" are there, but the range of undergrad schools is shockingly large. Still waiting on an Idaho Rep!!

Read 12 tweets

Kaleb Nygaard

@KalebNygaard

3 Feb

@PeterContiBrown

@PeterContiBrown @Claudia_Sahm @DavidBeckworth @dandolfa @sam_a_bell Still looking, but here’s an interesting paper on group think that is focused on the research divisions of central banks (as opposed to the policy makers). kolegia.sgh.waw.pl/pl/KAE/Documen…

@PeterContiBrown

@PeterContiBrown @Claudia_Sahm @DavidBeckworth @dandolfa @sam_a_bell Also🔥🔥🔥from the Romers so I’m sure I’m the only one here who is reading it for the first time haha. “Results may indicate that the FOMC’s attempts to add information to the staff forecast are not just unsuccesful, but may lead to inappropriate actions” eml.berkeley.edu/~dromer/papers…

@PeterContiBrown

@PeterContiBrown @Claudia_Sahm @DavidBeckworth @dandolfa @sam_a_bell [1/?] Will be going through the Oral Histories and throwing anything interesting I come across here regarding “History of Research” or the likes. First up, Chairman Martin gives permission to present annual forecasts around 1967. federalreserve.gov/aboutthefed/fi…

Read 91 tweets

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