Karn Dalal, Ali Haider Ismail, Gurpal Sran, Andrew Lee, Isabel Juniewicz, and Prof. Rubin
The College Fed Challenge is a team competition for undergraduates inspired by the working of the Federal Open Market Committee. It is designed to encourage students to learn more about the U.S. macro economy, the Federal Reserve System, and the implementation of monetary policy.
In November 2014, the Rutgers-New Brunswick team, sponsored by the Economics Department, -- Karn Dalal, Ali Haider Ismail, Isabel Juniewicz, Andrew Lee, and Gurpal Sran --won second place among a total of 36 teams competing at the Federal Reserve Bank of New York. Pace University took first place and Columbia University, third place. The judges really liked their presentation (a score of 19 out of 20) and their ability to answer tough questions. This is from the detailed assessment from the judges: “The team's ability to clearly articulate the more nuanced and sometimes controversial aspects of Fed policy, such as the mechanics of monetary policy normalization is what moved this presentation from very strong to exceptional."
The team spent the first ten weeks of the semester working on their presentation and refining it under the guidance of economics professors Jeff Rubin and Ray Stone. In addition, the team spent a considerable amount of time on their own devising their forecasts for the economy and their recommendations for monetary policy.
Listen to their award-winning presentation: http://rutgersdceo.adobeconnect.com/p65xza9h4pm/