I walked up to the desk and sat down.
On top of the desk, alongside a deck of cards and an old model of a Sony Walkman, were a whole lot of paper sheets full of calculations and charts.
"So, what do you think? Would you like to take part in it?" Professor Blake asked again, taking a sip of his coffee.
"The College Fed Challenge? It's a group competition, no?" I asked.
Professor Blake nodded, placing his coffee cup down. "Yes, it is. Let me explain it to you. This year, over 80 teams from around the U.S. will be participating. The competition has strong support from the Federal Reserve Banks and the Board of the Federal Reserve. "
He continued, "Each team has to make a presentation that includes an analysis of the current state of the economy, a prediction of the near-term state of the economy, a discussion of major risks to the economy that should be taken into account, and finally, suggestions for monetary policy and supporting reasons for the recommendation."
