Federal Reserve College Challenge Presentation — Presentation Detail — Celebration of Scholars

Instructions

Student presentations must have a faculty sponsor.

Abstracts must include a title and a description of the research, scholarship, or creative work. The description should be 150-225 words in length and constructed in a format or style appropriate for the presenter’s discipline.

The following points should be addressed within the selected format or style for the abstract:

A clear statement of the problem or question you pursued, or the scholarly goal or creative theme achieved in your work.
A brief comment about the significance or uniqueness of the work.
A clear description of the methods used to achieve the purpose or goals for the work.
A statement of the conclusions, results, outcomes, or recommendations, or if the work is still in progress, the results you expect to report at the event.

Presenter photographs should be head and shoulder shots comparable to passport photos.

Additional Information

More information is available at carthage.edu/celebration-scholars/. The following are members of the Research, Scholarship, and Creativity Committee who are eager to listen to ideas and answer questions:

Jun Wang
Kim Instenes
John Kirk
Nora Nickels
Andrew Pustina
James Ripley

Federal Reserve College Challenge Presentation

Name: John Maddock
Major: Economics
Hometown: Monticello, IA
Faculty Sponsor:
Other Sponsors:
Type of research: Independent research
Funding: Finance/Economics Department

Abstract

The College Fed Challenge is a team competition for undergraduate students where teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee. This fall, the Carthage College Federal Reserve Challenge team (consisting of John Maddock, Nate Hacker, Theresa Bolog, Greigh Hoeft, and Peter Koscinski) presented their findings and recommendations shortly before the late October 2018 FOMC meeting. The team met and discussed research topics and outcomes starting in September, with an emphasis on subjects such as unemployment, inflation, and currency reserves. The presentation consisted of an analysis of current economic conditions, forecasts of certain conditions that are relevant to our policy suggestion, and a discussion of the risks facing the United States economy that are going to be addressed through the team’s monetary policy suggestions. The team concluded that the FOMC should consider keeping the target interest rate stable until the later meeting in December of 2018 while utilizing specific macroprudential tools to offset any runaway growth effects.

Poster file