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
Do U.S. Bank Lenders Offer Less Credit to Highly Opioid-Impacted Communities?
01 May ’24
Research in Focus — Wenli Li and Raluca Roman of the Philadelphia Fed and their coauthors studied the credit offered to people in counties ravaged by the opioid crisis and evaluated policy responses.
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
03 May ’24
An index designed to track real business conditions at high observation frequency
Article
Trends and Determinants of U.S. Markups
03 Apr ’24
Research in Focus — Enghin Atalay of the Philadelphia Fed and his coauthors examined markups over time and considered the role of firm costs, market concentration, and consumer preferences.
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.
Data
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability
22 Apr ’24
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability tracks the rate at which U.S. workers transition from one employer to another in a given month.
Event
Apr
19
2024
Fintech and Financial Institutions Research Conference
University of Delaware’s FinTech Innovation Hub
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.
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.
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.