A view of Cornell University's campus.

Workforce & Economic Development


What Is the Anchor Economy Initiative?

Can the Anchor Economy Dashboard help us see the full picture of how anchor institutions impact regional economies? Philadelphia Fed President Patrick Harker sat down with Deborah Diamond, director of the Anchor Economy Initiative, to learn more.

Facade of a historic building.

Mortgage Markets

Working Paper

Owner-Occupancy Fraud and Mortgage Performance

WP 23-01 – Occupancy fraud has been suggested as a contributor to the housing bubble. We show it was pervasive and remains present. Fraudulent investors accounted for an outsize share of defaults in the bust and pose a risk should prices decline.

Aruoba-Diebold-Scotti Business Conditions Index

An index designed to track real business conditions at high observation frequency


CFI COVID-19 Survey of Consumers Data

To gain insights into the impact of the COVID-19 pandemic on financial security in the U.S., the Consumer Finance Institute at the Federal Reserve Bank of Philadelphia conducted a series of national surveys of consumers beginning in April 2020 and concluding in April 2022.

A view of Jefferson Hospital in Philadelphia, PA.

Anchor Economic Impacts: Third District

Explore the ways economies in southern New Jersey, eastern and central Pennsylvania, and Delaware are tied to higher education institutions and hospitals, otherwise known as anchor institutions.

Cryptocurrency Ownership: Insights from the CFI COVID-19 Survey of Consumers

Since the early 2010s, the rise of so-called cryptocurrencies has received significant attention from financial market participants, policymakers, and academics. Cryptocurrencies are digital or virtual currencies (such as bitcoin, Ethererum, Litecoin, and many others) in which transactions are verified and records are maintained by a decentralized, distributed ledger system using cryptography, rather than by a centralized authority.





New Perspectives on Consumer Behavior in Credit and Payments Markets: Call for Papers

Paper Submission Deadline: June 15, 2023