Ken Judd: When Will the Fed Join the Third Millennium?


Policy@McCombs: Monday October 5th, 4-5:30pm

When Will the Fed Join the Third Millennium?

The U.S. Government and most businesses use powerful computing tools, but the Federal Reserve stands out as one government agency that has rejected modern computational tools. It is easy to document this description, but difficult to find good reasons for these gaps. This raises questions about the ability of a laptop-based Fed to regulate financial institutions that use supercomputers to decide how to respond to Fed regulations. I will describe the gap between computational science and computation in economics, and efforts to close it.

Watch the coverage of the event here:

Policy@McCombs with Ken Judd

Additional Documents and References: