Profile in Excellence: Monroe Gamble

    We congratulate Monroe on his admittance to M.I.T. Sloan, where he will pursue a PhD in Finance as of Fall 2022!

INITIATIVE AFFILIATION

  • Fellow (2020-2022)
  • Member, Peer & Mentor Network

EXCELLENCE, AT-A-GLANCE

   Featured Research: Can Expense Ratios Signal Performance? An Analysis of Equity ETFs & Mutual Funds (March 2020)

    Research Associate, Federal Reserve Bank of San Francisco (2018–2020)

  BS in Business Administration, emphasis in Economics and minor in Mathematics, University of Missouri’s Trulaske College of Business (2017)

    Monroe’s personal website 

Meet Monroe Gamble

J. Monroe Gamble IV joined the Initiative in July 2020, coming to NYU Stern from the Federal Reserve Bank of San Francisco, where, working as a Research Associate since 2018, he supported the academic and policy research of senior economists and (as of 2019) worked directly with Bank President and CEO, Mary C. Daly.

Monroe received his Bachelor of Science in Business Administration, with emphasis in Economics and a minor in Mathematics, from the University of Missouri’s Trulaske College of Business in 2017.

In More Detail

During his time at the University of Missouri (Honors College), where he was a Ronald E. McNair Scholar, Monroe developed research experience through extensive participation in symposia and conferences, earning distinctions that included First Place Oral Presentation at the 2015 McNair Scholars Conference in Miami. Additionally, he participated in the Summer Research Opportunities Program at Ohio State and Michigan State Universities, received a scholarship to attend the AEA Summer Training Program in 2016 and 2020 (Advanced Track), and attended the University of Michigan’s Big Data Summer Institute in 2017.

A recipient of numerous awards and scholarships throughout his undergraduate career, Monroe was inducted into the Business Honor Society Beta Gamma Sigma and into the Beta of Missouri Chapter of Omicron Delta Epsilon. His leadership and volunteer activities also included developing the Student Success Scholarship as a member of the Arts & Science Student Council; participating in the Conversation Partners Program of the University’s Office of Asian Affairs; and serving as Head Basketball Coach for 7th and 8th grade boys in the Columbia Youth Basketball Association.

Following graduation, Monroe spent an additional year as a Research Scholar at Harvard GSAS before heading to the Federal Reserve Bank of San Francisco, where beyond his RA duties he also served as a Level 3 Federal Reserve Ambassador, providing targeted education and outreach to high school and college students.

The Entrance Interview: In His Own Words

  I applied to the Ph.D. Excellence Initiative to become a great economist and earn my way into a top PhD program by demonstrating my quantitative abilities through rigorous coursework while making meaningful contributions to Dr. Henry’s research. Previously as a student, I had not had a mentor who looks like me, and I saw Dr. Henry as a role model, so I wanted to learn from him. It’s the equivalent of Michael Jordan teaching me how to shoot free throws.

My experience at the San Francisco Fed taught me that support (which I received from Mary Daly) is essential. During my fellowship with PhDEI, I hope to build a supportive relationship and be someone Dr. Henry can depend on to get the job done. My ultimate goal is to get into a top PhD program, where I’d like to study financial economics. I also enjoy international finance.”


Monroe’s research interests center on leveraging technology and financial markets to create educational and economic opportunities.


Further Reading by and about Monroe

>> Co-Authored: Coronavirus and the Risk of Deflation Economic Letter, Federal Reserve Bank of San Francisco (May 2020)

>> Authored: Can Expense Ratios Signal Performance? An Analysis of Equity ETFs & Mutual Funds American Journal of Undergraduate Research (March 2020)

>> Authored: Measuring the Effect of Capital Punishment on Murder Deterrence Issues in Political Economy (July 2016)

>> Why Are There So Few Black Economists at the Fed? New York Times (February 2021) feature story by Jeanna Smialek about Monroe’s path in the profession and “why fixing a striking diversity shortfall will take commitment”

Extra Credit: Q & A with Monroe

>> Economists: Who gets it right?

Dr. John Campbell gets it right, particularly in Household Finance, published in The Journal of Finance, vol. 61, no. 4 (2006): 1553-1604.

Also, The Opportunity Atlas: Mapping the Childhood Roots of Social Mobility, by Raj Chetty, John Friedman, Nathaniel Hendren, Maggie R. Jones, and Sonya R. Porter (NBER Working Paper No. 25147, October 2018)

>> What’s something you recommend?

DataCamp, to become familiar with programming.

>> What’s your formula for success?

Time. Effort. Energy.

>> What’s one thing economists can’t calculate?

The value of time.

>> Besides Economics, what are you passionate about?

Basketball. Playing and coaching youth.

>> What’s a book that’s stuck with you?

How to Argue and Win Every Time, by Gerry Spence

>> If you had 10 minutes with anyone and knew they’d take your advice…

I’d want to spend that time talking to a 5th grade classroom.

>> What’s one of your favorite quotes?

“You may not be the smartest person in the room, but you can be the hardest working.”

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