Amanda M Michaud

Principal Research Economist- Federal Reserve Bank of Minneapolis

Curriculum Vitae

Home	Research	Professional Activities	Personal

Monetary Policy
I advise on monetary policy at the Federal Reserve Bank of Minneapolis in both FOMC Class I and II roles. In 2025, I contributed to the FOMC's framework review as a coauthor on a Memo titled "Assessing Maximum Employment". You can read it here. The revised consensus statement and related speeches can be found here.

Economic Indcators.
I developed and co-own the QLmonthly product with Kathrin Ellieroth. Each month, we provide upated data on quits and layoffs to non-employment, and a brief including timely labor market analysis. Our website is here and you can connect with my on linked-in for summaries of our briefs. Following the success of QLmonthly, I wrote a proposal to promote and maintain a suite of research-based data indicators for the Research Department of the Minneapolis Fed. The indicators are timely, updated quarterly or more frequently, and have been developed using theoretical models-- either by filtering the data through a model or using a model to provide an interpretation of what the data indicate about the state of the economy. This initiative has been under development in 2026. It will launch in October of 2026, with an eye on adding more indicators in 2027.

Economic Indcators.

I developed and co-own the QLmonthly product with Kathrin Ellieroth. Each month, we provide upated data on quits and layoffs to non-employment, and a brief including timely labor market analysis. Our website is here and you can connect with my on linked-in for summaries of our briefs.

Following the success of QLmonthly, I wrote a proposal to promote and maintain a suite of research-based data indicators for the Research Department of the Minneapolis Fed. The indicators are timely, updated quarterly or more frequently, and have been developed using theoretical models-- either by filtering the data through a model or using a model to provide an interpretation of what the data indicate about the state of the economy. This initiative has been under development in 2026. It will launch in October of 2026, with an eye on adding more indicators in 2027.

Conferences
I organize the annual Institute Research Conference at the Federal Reserve Bank of Minneapolis. The conference brings together former OIGI scholars and researchers within the Federal Reserve System to present and discuss their research on issues related to labor markets. Past keynote participants have included Federal Reserve Governor Philip Jefferson, Atlanta Fed President Raphael Bostic, David Card, Karen Dynan, Esteban Rossi-Hansberg, and Jed Kolko. The conference is attended by over 100 participants annually and broadcasted live to over 1,000 viewers. I also organize an Early Career Workshop the day following the conference where leading leading scholars convene to provide critical feedback on recent PhD's research at an early stage in the project. Check out the programs and streams for the 2021 , 2022, 2023, 2024 , and 2025 conferences.

Conferences

I organize the annual Institute Research Conference at the Federal Reserve Bank of Minneapolis. The conference brings together former OIGI scholars and researchers within the Federal Reserve System to present and discuss their research on issues related to labor markets. Past keynote participants have included Federal Reserve Governor Philip Jefferson, Atlanta Fed President Raphael Bostic, David Card, Karen Dynan, Esteban Rossi-Hansberg, and Jed Kolko. The conference is attended by over 100 participants annually and broadcasted live to over 1,000 viewers.

I also organize an Early Career Workshop the day following the conference where leading leading scholars convene to provide critical feedback on recent PhD's research at an early stage in the project.

Check out the programs and streams for the 2021 , 2022, 2023, 2024 , and 2025 conferences.

Teaching
From 2012-2019 I taught as an Associate Professor (w/ tenure) at Indiana University and the University of Western Ontario. My PhD Students (first placement): Hewei Shen (U Oklahoma) Tyler Daun (US International Trade Commission ) Kathrin Ellieroth (Colby College)

My Courses	ECON 3320: Advanced Macroeconomics (UWO- Undergrad)(Syllabus)
	ECON 4400: Senior Research Seminar (UWO-Undergrad)
	ECON 390: Computational Methods in Macro (Indiana- Undergrad)(Syllabus)
	ECON 522: Graduate Macroeconomic Theory I (Indiana) (Syllabus)
	ECON 724: Advanced Macro Seminar (Indiana- Grad) (Syllabus)
	ECON 322: Intermediate Macroeconomics (Indiana) (Syllabus)
	Quantitative Analysis of the Macroeconomy (Minnesota) (Syllabus)
	Principles of Microeconomics (Minnesota)