The Economy
We produce and compile research and data on the overall economy, banking and financial markets. Our goal is to help financial institutions operate in a safe manner and support a robust U.S. financial system.
Article
A Quantitative Model for Mapping the Consequences of Public Housing Demolitions
05 Mar ’24
Research in Focus — Using Chicago’s housing stock as the basis for a quantitative model, the authors reveal the household-level economic consequences of demolishing public housing.
Research
Our Research Department's high-quality academic and original research supports the Federal Open Market Committee (FOMC) and the Bank's leadership as they address economic, finance, and public policy issues.
Aruoba-Diebold-Scotti Business Conditions Index
15 Mar ’24
An index designed to track real business conditions at high observation frequency
Working Paper
Price-Level Determination Under the Gold Standard
WP 24-06 – How does an economy behave in a historical environment where gold is the international monetary standard? We find that key features of this monetary system are long-run price stability and the nonneutrality of money in the short run.
COVID-19
COVID-19 and the Philadelphia Fed
Get the Philadelphia Fed’s latest information, resources, and research on the coronavirus pandemic's impact on businesses, households, and communities.
Working Paper
Inference Based on Time-Varying SVARs Identified with Sign Restrictions
WP 24-05 – We propose a new methodology for causal inference in time-varying structural vector autoregressions. We illustrate our approach for inference by analyzing the role played by monetary policy during the latest inflation surge.
Event
Apr
18-19
2024
Inaugural Fintech and Financial Institutions Research Conference
Paper Submission Deadline: December 15, 2023
Working Paper
The Changing Polarization of Party Ideologies: The Role of Sorting
WP 24-04 – History shows that when political parties become more polarized along one dimension of policy, they become less polarized along some other dimension. We explain how this can happen via changes in the ideological make up parties.
Article
Measuring the Effects of a Carbon Tax
Economic Insights — Climate change poses risks to our economy, but how the government responds to climate change carries risks, too.
Research
Research Assistant Opportunities for College Graduates
Working as a research assistant at the Philadelphia Fed is a rewarding experience, whichever career path you ultimately choose to pursue.