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On Friday, September 18, 2026, the College Fed Challenge Stamford team visited the Federal Reserve Bank of New York (FRBNY) for the Orientation for the 2026 competition. Students were greeted by the New York Fed President and CEO, John C. Williams, who shared his economic outlook and answered students’ questions.
The event also included presentations from the Market Group and the Education Department. Students received a lot of valuable information about the state of the economy, the operations of the New York Fed, and about the competition.
With the help of Aidan Connolly (’21), UConn Stamford Economics and College Fed Challenge alum, the team had gotten the opportunity to visit the New York Stock Exchange (NYSE) afterwards. The students saw the equity floor and the options floor, as well as the NYSE bell. Since this was an expiry day, the options exchange was very busy, and students got a first-hand account of the hectic market atmosphere. We are grateful to Aidan Connolly (’21) and his contacts at NYSE for an informative visit.
The faculty adviser to the Stamford Fed Challenge team is Professor Smirnova who encourages students’ exposure to economists, business experts, and alumni through extracurricular professional activities outside the University. Dr. Smirnova believes that unique opportunities, such as these, help Stamford Economics students gain professional competencies and skills that are transferrable from the college classroom to the workplace and prepare them well for careers upon graduation.
At the Federal Reserve Bank of New York
From L to R: Stephen Sandor, Alexys Paola, Rene Serrano, Stacy Urvina-Chimbo, Dr. Smirnova, Brendyn Marroquin, Ian Balloch, Gavin Kempa, Philip Childakos
At the New York Stock Exchange (NYSE)
From L to R: Stephen Sandor, Philip Childakos, Brendyn Marroquin, Alexys Paola, Ian Balloch, Dr. Smirnova, Stacy Urvina-Chimbo, Gavin Kempa, Rene Serrano
Congratulations to Andy Zhang, Economics ’26, who received the ProvostAward for Excellence in Community Engaged Scholarship in the Undergraduate Student category!
From UConn Today:
Andy Zhang ’26 (CLAS & CAHNR), exemplifies the highest standards of community-engaged scholarship through sustained leadership, innovative problem-solving, measurable community impact, and deep personal and academic growth. Over the past three years, Andy has not only contributed meaningfully to the University of Connecticut’s sustainability initiatives but has fundamentally strengthened the infrastructure through which students, faculty, and community members engage with environmental work.
Andy’s leadership has been both sustained and progressively expansive. Beginning as a Sustainability Intern with the UConn Office of Sustainability, he quickly assumed increasing responsibility across multiple high-impact initiatives. He led the coordination of UConn’s annual Class Tree planting and Arbor Day programming, managing complex logistics, cross-sector partnerships, and public engagement efforts. Simultaneously, he has taken on leadership roles in student governance and founded the UConn Chapter of Plant Futures organization, where he leads a growing team focused on advancing sustainable food systems. His leadership trajectory demonstrates not only longevity but also a clear pattern of increasing scope, responsibility, and influence across campus and community initiatives.
Andy’s work is distinguished by a strong commitment to innovation and entrepreneurial thinking. Most notably, he founded the ECollaboration Sustainability Network (ESN), a first-of-its-kind initiative designed to break down silos within UConn’s sustainability community. By leveraging a digital platform, Andy created an accessible and inclusive space that connects students, faculty, and staff across disciplines, enabling real-time collaboration, resource sharing, and engagement. He has also introduced new programming such as the “Sustainability Social,” fostering interdisciplinary dialogue and collaboration. Additionally, his data-driven work analyzing campus dining systems to reduce single-use waste reflects a creative integration of research, policy, and practice to address real-world sustainability challenges.
Andy’s initiatives have produced clear, measurable outcomes that demonstrate meaningful community impact. The ECollaboration Sustainability Network has grown to include over 300 active members spanning diverse academic and professional backgrounds, significantly increasing participation in sustainability initiatives across campus. His Sustainability Social events have brought together over 50 participants per session, catalyzing new partnerships and collaborative projects. His contributions to UConn’s Green Metric report and Tree Campus USA application support institutional benchmarking and recognition, amplifying the university’s impact on a global scale. Additionally, his advocacy for reusable dining programs directly addresses waste reduction, with the potential to eliminate hundreds of thousands of single-use items annually.
Andy’s engagement in community-based work has driven exceptional intellectual, professional, and personal growth. As a dual major in Economics and Environmental Science with a perfect academic record, he integrates rigorous academic training with applied sustainability practice. Through his leadership experiences, Andy has developed advanced skills in project management, stakeholder engagement, policy analysis, and data-driven decision-making. His increasing confidence and initiative, evidenced by founding new organizations, leading large-scale projects, and presenting diverse audiences, reflecting a deep and ongoing commitment to growth as both a scholar and practitioner.
Collaboration is central to Andy’s work. Across all his initiatives, he has engaged a wide range of stakeholders, including students, faculty, administrators, community organizations, and government partners. His leadership in the ESN fosters continuous collaboration among over 300 participants, while his work on institutional sustainability reporting requires coordination with multiple university departments. His partnerships with dining services, and engagement with external organizations demonstrate his ability to build and sustain meaningful, cross-sector relationships that strengthen community outcomes.
The Frontiers in Undergraduate Research Exhibition was held at the Stamford campus on Tuesday, April 21, 2026. Two Economics students, Isabella Thomas (’27) and Angel Bravo (’26), presented their applied research on macroeconomic growth models. Isabella compared the growth trajectories of Venezuela and Brazil, while Angel explored factors that influence Columbia’s and Switzerland’s economic development. The research adviser for these projects is Dr. Smirnova.
The 2026 Frontiers Exhibition drew 25 participants, which showed a great diversity of topics and fields of study. Stamford Economics students participate in the Frontiers conference every year showcasing their rigorous quantitative skills, presentation competencies, and professionalism. This year, Dr. Smirnova’s “Money and Banking” class attended the conference displaying their interest in the undergraduate research opportunities and supporting their peers.
Isabella Thomas (’27), Dr. Smirnova, Economics faculty, Angel Bravo (’26) at the Frontiers in Undergraduate Research Exhibition in Stamford on April 21, 2026
Isabella Thomas (’27) presents at the IPE conference, NYC, February 27, 2026
Two Economics undergraduate students from the Stamford campus, Isabella Thomas (’27) and Angel Bravo (’26), presented their research at the Issues in Political Economy conference in New York City on February 27, 2026. The agenda featured 43 student presentations from 20 academic institutions from all over the United States. As per the academic conference style, Isabella and Angel also were assigned as discussants for the research papers of other students. They gained the full experience of the professional economics conference.
Angel Bravo (’26) presents at the IPE conference, NYC, February 27, 2026
Both students presented the results of the empirical application of the Solow Growth Model comparing economic development of countries of their choice. Isabella Thomas studied Venezuela and Brazil, while Angle Bravo compared Columbia and Switzerland. This research stemmed from the ECON 2012 Q – Intermediate Macroeconomics course taught by Professor Smirnova. The students studied the literature, worked with the Penn World Tables dataset, and applied regression analysis to the time series covering 1950-2019. The results show that countries differ in their economic development paths. The students delve into the reasons for divergence for each country and provided their policy recommendation in each case.
To support Isabella and Angel, the Economics Research and Policy Council (a.k.a. Economics Club) in Stamford, organized the trip to the conference supported by Stamford Student Activities. The group of 12 Stamford Economics students attended the conference and participated in lively academic discussions among the participants.
Heather’s career includes 30 years of experience in for-profit, nonprofit, and public service organizations. Prior to joining the New York Fed in 2015, Heather was the Senior Director of Executive MBA Admissions at New York University Stern School of Business. Before transitioning into education, she led Network Solutions Group Strategy & Planning at Lucent Technologies (now Nokia Bell Labs). She has also taught micro- and macroeconomics as an adjunct professor for the Bard Prison Initiative, working with students at NYS Eastern Correctional Facility.
Heather Daly, Head of Economic Education, Community Development & Education, Communications and Outreach Group, Federal Reserve Bank of New York
Heather earned a Bachelor of Arts and Master of Arts in Political Science from the University of Connecticut, as well as a Master of Business Administration degree from New York University.
At Stamford on February 17, 2026, Ms. Daly presented a talk “Introduction to the Federal Reserve System”, where she took an in-depth look into the history of U.S. Central Banks and the Federal Reserve System. The discussion with students focused on the structure and functions of the Federal Reserve System, and current intricacies of Federal Reserve Board and Federal Open Market Committee (FOMC).
The second focus of Ms. Daly’s presentation was on students’ career preparation. Heather outlined skills and competencies that are needed at the Fed and explained the timeline for opportunities for internships and programs open for various levels of academic preparation.
This unique event, where several Economics classes came together, was conceived and organized by the Economics Research and Policy Council (a.k.a. The Economics Club) in Stamford with support from the Economics Department, its faculty Dr. Couch, and faculty Club Adviser, Dr. Smirnova.
We are grateful to Ms. Daly for coming to campus, sharing her knowledge and expertise, her career “learning journey”, and UConn alumna’s wisdom with Economics students at Stamford.
Matthew Brown, PhD candidate in Economics at the University of Connecticut, presented “Teaching Economics Majors Principles of Writing and Data Visualization” at the 2026 Allied Social Science Associations (ASSA) Annual Meeting, coauthored with Oskar Harmon.
The presentation examined the integration of Tableau-based data visualization into a required undergraduate economics writing course. Using pre- and post-course survey data, the study finds improvements in student course satisfaction and writing confidence after students learned to produce their own data visualizations. The results highlight the potential for combining data literacy and writing instruction to enhance student engagement and communication skills in economics coursework.
Neither final exams nor frigid temperatures stopped faculty and PhD students from running theEcon5Ktogether this past Saturday. Proof that economists don’t only run regressions! The winners will be announced online in early January during the ASSA meetings. We wish our athletes luck! Go Huskies!
The categories for winners:
– Top three finishers (by gender identity)
– Top three finishers age-adjusted (by gender identity)
– Top finisher by continent (by gender identity)
– Greatest elevation change (+/-)
– Highest starting elevation
– Highest/lowest temperature
– The Beauty contest winner for whoever is closest to the average time
– Top three empiricists (by gender identity)
– Top three theorists (by gender identity)
– Top three microeconomists (by gender identity)
– Top three macroeconomists (by gender identity)
– Fastest run with a dog
– Fastest run with a stroller (and occupant!)
– Streak award for the longest streak of consecutive 5Ks in December
– Run that is most outstanding in terms of artistic merit (with route captured on Strava or similar app)
– Largest group of economists running together
UConn Stamford Fed Challenge Team outside of the New York Fed after the Orientation, September 2025. From left to right: Dr. Smirnova (faculty adviser), Alexys Williams, Dmitrii Tuzov (graduate student adviser), Angel Bravo, Anthony Brunetto, Kothan Nieves-Orama, Jagger Ferrajina, Constantine Lampronikos.
In the Fall 2025, the UConn Stamford team participated again in the national College Fed Challenge competition, where teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee. This year, 139 teams participated in the Challenge, so the competition was fierce. The video of the UConn Stamford team is here.
Here is UConn Stamford’s 2025 College Fed Challenge Team:
Angel Bravo is a B.S. Economics major with minors in Accounting & Mathematics at the University of Connecticut, where he focuses on financial markets, economic research, and quantitative analysis. His coursework in econometrics, financial accounting, and programming has equipped him with a strong analytical foundation that supports his long-term goal of becoming a quantitative analyst in the banking industry.
During his time as a team member of the Fall 2025 College Fed Challenge, Angel contributed research on tariffs and monetary policy implementation. Beyond the classroom, he is also conducting research on global economic development and income inequality among countries, which he will present at an undergraduate research conference in New York. Additionally, he is an active member of the Economics Research & Policy Club and participates in UConn’s Honors Program, where he served as a student facilitator to promote academic curiosity, leadership, and student-led initiatives.
With his combined experience in research and student leadership, Angel also hopes to one day pursue college-level teaching in the further future. He is deeply committed to his academic and professional development and looks forward to advancing his studies through future master’s work and a career in quantitative finance.
Anthony Brunetto is a senior majoring in economics. His interest in the Fed Challenge started when he saw the 2024 team take a picture with the current Federal Reserve Chair, Jerome Powell, posted in the hallway, and from that point, he was determined to join the team. His main contribution to the team was researching inflation and how the Fed’s policy impacted bond and stock markets. Anthony, while studying economics, has an interest in wealth management, which is directly affected by the Fed’s monetary policy, so he took Money and Banking and Practicum to expand his knowledge of how the Federal Reserve operates and how money works. Anthony plans to use his knowledge he gained in the Fed challenge, as well as his undergrad studies, to become a wealth advisor post-grad.
Jagger Ferrajina is a senior Economics major at the University of Connecticut with a strong interest in monetary policy, global markets, and international trade. He works in vessel operations at John F. Dillon & Co., where he has gained hands-on experience in dry bulk shipping, charter parties, and global logistics.
He is actively involved in UConn’s Fed Challenge and serves as Vice President of the Economics Research & Policy Club, helping create opportunities for students to engage with economic policy and current events on the Stamford campus. Through both academic and professional experience, Jagger has developed a strong interest in the intersection of economics, finance, and global trade, and he plans to pursue a career in these fields following graduation.
Constantine Lampronikos is a senior Economics Major at the University of Connecticut with strong interest in Finance and relationship-driven business. He has developed hands-on industry experience through internships in both the tanker and dry-bulk sectors of the shipping industry, where he worked on voyage calculations, freight rate analysis, and operational logistics. He is fascinated by the way business systems interconnect across markets, industries, and economic environments.
Throughout his undergraduate schooling, he has balanced full-time coursework with professional commitments. Recently, he maintained an internship at John F. Dillon & Co as well as his job as a server at Columbus Park Trattoria in Stamford, both while actively participating in the Fed Challenge and being enrolled full-time in school. Constantine prides himself on his work ethic, adaptability, and ability to cooperate with others. He is highly motivated and continually searching to meet people, gain fresh insight, and build new skills. Outside of academics, he enjoys fitness, travel, trying new things, all while spending time with friends and family.
Kothan Nieves-Orama is a Junior Economics student accelerating his academic career through the 4+1 Fast-Track program for a master’s in public policy. His academic pursuits are deeply informed by his professional experience as a Relationship Banker, where he gained firsthand insight into the complexities and impacts of the banking sector.
As the Editor-In-Chief for the Economic Research & Policy Club, Kothan merges his passion for economic theory with his avid interest in History and Philosophy. This role, along with his dedication to synthesizing complex information, has catalyzed his interest in teaching and mentorship. He actively cultivates these skills as a Path Mentor for incoming Freshmen and as an Honors Ube-Facilitator, a key leadership position overseeing Honors First-Year Seminar Courses across regional campuses. This extensive background in leadership positions will help Kothan to seamlessly transition into a career dedicated to educating future generations.
Calebe Velozo is a Brazilian student majoring in economics with a minor in information technology. His interest in the Fed Challenge grew through studying how monetary policy influences the broader economy and financial conditions. Calebe also works at Apple, where he acquired skills to understand the financial aspect of our monetary policy presentation. For the Fed Challenge, Calebe focused on understanding key economic indicators and how they guide policy decisions. He plans to use the knowledge gained from this experience, along with his coursework, to continue developing in the fields of economics, technology, and data driven decision making.
Alexys Williams is a junior honors student at UConn majoring in Economics. She developed an interest in economics through her love of geography and a fascination with how countries and markets are interconnected. She enjoys exploring the world’s complexity and understanding how economic systems influence global outcomes.
She has applied her interests through internships in asset management and private equity, gaining experience in market monitoring and macro-financial analysis. Her coursework in Money and Banking and Quantitative Analysis has provided a strong foundation in both theory and practice. She contributed to the Fed Challenge team by researching labor markets, which deepened her understanding of macroeconomic dynamics. Alexys also serves as Secretary of the Economics Research and Policy Council, a club dedicated to promoting economic literacy and engagement on the UConn Stamford campus. Outside of academics, she enjoys photography, cooking, baking, and aviation. She makes it a goal to constantly learn, embrace new challenges, and grow from every experience.
The Graduate Student Adviser to the team was Dmitrii Tuzov.
Dmitrii Tuzov is a graduate student in the MS in Business Analytics & Project Management program, where he is pursuing advanced studies in data science, machine learning, and AI-driven decision-making. Before joining UConn, Dmitrii worked as a financial and investment analyst and later advanced into roles spanning the full data analytics vertical: business analytics, data science and engineering, where he delivered predictive models, cost-control systems, and data pipelines that informed both operational and strategic decisions.
He served as an advisor for the Stamford Fed Challenge team, supporting students in economic analysis, forecasting, and policy communication. In this role, he advised students on collecting, analyzing, and interpreting macroeconomic data; showed forecasting and econometric techniques; and guided the team’s analytical argumentation and preparation of evidence-based economic presentations. Beyond academics, Dmitrii is actively involved in AI/ML research and business initiatives and is passionate about helping younger students grow both technically and professionally.
The value of participation in the College Fed Challenge competition can not be overestimated. In addition to a deep academic leaning about the conduct of monetary policy in the U.S., students develop many career competencies that will be helpful in their various pursuits after graduation.
Edlira Cocoli (PhD candidate) presented “Economic Shock and State Support for Higher Education: Evidence from the Northeastern U.S. Using Shift Share Identification” at the Annual Conference of the Southern Economic Association in November.
She constructs a measure of Fiscal Stress and estimates the differential impacts of recent economic shocks on university finances. A sample of Northeast public flagship universities are evaluated for fiscal stress risk, and policy recommendations made to reduce risk exposure.
Economics Students Gain Research Experience in Historic Risk Lab
A UConn economics professor has assembled one of the largest known collections of historical insurance policies from the whaling industry. Now, he’s opened that archive to undergraduates for a hands-on research opportunity preparing them for their futures.
In Connecticut, a state once known as a hub of the American whaling industry and home to the “Insurance Capital of the World,” UConn economics majors are learning how these two industries intersected in the 19th century through a unique undergraduate research experience.
Remy Levin, assistant professor of economics, leads a meeting of his Historic Risk Lab with undergraduate research students in Herbst Hall on Oct. 29, 2025. (Bri Diaz/UConn Photo)
Remy Levin, assistant professor of economics, leads the Historic Risk Lab, which studies risk-taking and insurance in the whaling industry. A behavioral economist who specializes in decision-making under uncertainty, Levin has spent the past two years assembling one of the largest known collections of historical insurance policies from any industry in the 1800s.
Now, he’s opened that archive to undergraduates for a hands-on research opportunity that connects economic theory with real-world application…