participants, from left: Lance Gonzalez, David Murray, Noe De La Torre, Gideon Berhane, May Guerrero, Miguel Roman and L'Arseiline Estonanto.
A team of Cal State East Bay economics students recently joined peers from private and public universities in making presentations to professional economists at the Federal Reserve Bank of San Francisco in a simulation of a Federal Open Market Committee meeting, delivering their takes on the national economic outlook, followed by monetary policy recommendations ahead of a Federal Reserve Bank meeting.
The CSUEB Monetary Policy Team performed “tremendously well,” said David Murray, a lecturer in Cal State East Bay’s College of Business and Economics, who led the group.
Many economists from the Federal Reserve Bank San Francisco Research Department attended presentations, Murray observed. “I noticed them writing down CSUEB team comments, for example on exchange rate trends and yield curve comparisons and their implications, both which were unique among the teams,” he said.
“Having worked at the Federal Reserve and participated in the preparation of the briefing documents and recommendations/rationales, I can confidently say that the CSUEB team had by far the best presentation,” he said.
CSUEB participants, from left: Lance Gonzalez, David Murray, Noe De La Torre, Gideon Berhane, May Guerrero, Miguel Roman and L'Arseiline Estonanto.