Macro group equivalent to top a 20-30 econ dept in the US
1-Minneapolis
2-Chicago
3-Philadelphia
4-St Louis
Equivalent to top 30-50
5-New york
6-San Francisco
7-Atlanta
Equivalent top 50-70
8-Richmond
9-Cleveland
10-Boston
Equivlent to top 100
11-Dallas
12-Kansas
you are welcomed (from a fed insider)
Regional feds ranking
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Opinions are good. Facts are better. The REPEC ranking:
1. New York
2. Chicago
3. St. Louis
4. Minneapolis
5. San Francisco
6. Dallas
7. Philadelphia
8. Cleveland
9. Atlanta
10. Boston
11. Richmond
12. Kansas CityLol, would you take a job at the NY Fed before the MN Fed (just based on research environment)? Same question for Dallas and Philly? This ranking is ridiculous.
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Repec rankings reward large departments. This benefits Board and NY that are much larger than other banks.
Tier 1 - Minneapolis, Chicago, St Louis, New York
Tier 2 - Richmond, San Francisco, Atlanta, Philadelphia
Tier 3 - Cleveland, Dallas
Tier 4 - Boston, Kansas City -
^ Good point. Repec does a ranking of top 10 authors for the last 10 years (10/10). This adjusts for size, but also adjusts for deadwood. This is the ranking, which in my view is pretty accurate index of current research activity of the top people in each place:
1. New York
2. San Francisco
3. Minnepolis
4. Dallas
5. St Louis
6. Chicago
7. Philadelpia
8. Atlanta
9. Cleveland
10. Richmond
11. Boston
12. Kansas City -
The Minneapolis Fed is different from all other regional Feds in what type of research it values and in how it is organized. Whether one prefers the NY Fed or the Minneapolis Fed depends on many factors. Certainly, there are people who would prefer one and there are also people who'd prefer the other. Academically, the difference is not as big as the original ranking in this thread suggests. There are good researchers in both places.
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In terms of prestige -- more or less in terms of famous people being produced which is what fresh Ph.D. should care about -- my sense is that the top Feds are the NY Fed and Minneapolis Fed. Both have produced a lot of very well known people. They are different in that the NY Fed produces people that have had big policy impact, Minnapolis Fed has produced more people that do Minnesota style macro. Each good for their hat.
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^ Good point. Repec does a ranking of top 10 authors for the last 10 years (10/10). This adjusts for size, but also adjusts for deadwood. This is the ranking, which in my view is pretty accurate index of current research activity of the top people in each place:
1. New York
2. San Francisco
3. Minnepolis
4. Dallas
5. St Louis
6. Chicago
7. Philadelpia
8. Atlanta
9. Cleveland
10. Richmond
11. Boston
12. Kansas CityWhere does the board stand there?
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Entirely idiosyncratic from a system insider
1, 1. Minneapolis, Chicago
2, 2. San Francisco, New York
5. Philadelphia
6. St. Louis
7. Richmond
8, 8. Cleveland/Dallas
10. Boston
11. Kansas CityNo opinion on Atlanta!
I'd put the Board equal with Philadelphia, but very heterogenous (both in quality, and in outside opinions of that quality).