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2008 College Fed Challenge
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| Harvard College, Harvard University, representing the Boston Fed, wins the College Fed Challenge National Championship. |
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| The Stern School, New York University, won the Second District Championship and represented the New York Fed at the National Championship. |
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The College Fed Challenge is intended to help students become
more knowledgeable about the Fed and the decision-making process
of the Federal Open Market Committee, the Federal Reserve's
monetary policy-setting group. |
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The College Fed Challenge is intended to promote:
- greater understanding of the Federal Reserve's role in
developing and implementing monetary policy,
- greater interest in economics and finance as a subject
for advanced study and as the basis for a career,
- research, presentation, critical thinking and cooperation
skills, and
- a closer relationship between colleges and the Federal
Reserve Bank of New York.
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Teams consist of three to five undergraduates from the same
college or university. A team's participation involves two parts:
a 20-minute presentation and a 15-minute Q&A session led by
a panel of judges comprised of economics professionals, college
faculty and/or Fed officials.
Presentations should include:
- discussion of current economic and financial conditions,
- near-term forecast of economic and financial conditions
that affect monetary policy,
- identification of risks that threaten the economic well-being
of the country, and
- recommendation as to the action the Fed should take with
regard to short-term interest rates.
During the Q&A session, judges may ask questions about:
- arguments made or data addressed in the team's presentation,
- how policy-makers might respond to hypothetical economic
scenarios, and
- the Fed's monetary policy-making and implementation process.
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Judges score a team based on five criteria:
- knowledge about the Federal Reserve's role in developing
and implementing monetary policy,
- responses to judges' questions,
- presentation skills,
- quality of research and analysis, and
- evidence of team work and cooperation.
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| Moody's Awards
The Moody's Foundation has established the Moody's College
Fed Challenge Awards for high achieving teams and the university
department that sponsors them. Teams participating in the
New York Fed and interdistrict competitions are eligible for
the awards as listed below. |
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New
York Fed |
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PLACE |
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1st |
$5,000 |
$10,000 |
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2nd |
$3,000 |
$7,000 |
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3rd |
$2,500 |
$5,000 |
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Honorable mention |
$2,000 |
$3,000 |
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Interdistrict |
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PLACE |
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1st |
$15,000 |
$10,000 |
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2nd |
$10,000 |
$5,000 |
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3rd |
$5,000 |
$2,500 |
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Honorable mention |
$3,000 |
$1,500 |
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Community
College |
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Place |
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1st |
$3,000 |
$2,000 |
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2nd |
$1,500 |
$1,000 |
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| For more information, call (212) 720-7966. |
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