Macro Musings with David Beckworth · Monday, July 13, 2026
Stefan Luck, an economist at the New York Federal Reserve, explained that his role involves advising on current policy issues and conducting academic research. He emphasized how his work leverages historical microdata to address fundamental questions in macroeconomics and finance, stating that these two aspects of his job inform each other.
“So my job description sort of has two parts to it. Sort of my daytime job, which is I have I think a lot about current policy issues and sort of how to help policymakers around the Federal Reserve system and here at the Federal Reserve Bank of New York to, you know, make key policy decisions that the Federal Reserve system takes.”
“And then there's the second part of my job, which is I'm just an academic researcher, just like a professor that works in an economics department or in a finance department.”
“So the privilege of this job is, besides, you know, having a set of amazing colleagues that I learn from a lot, is that these two different types of the job really speak to each other in a really nice way.”