Homes on a suburban street on a sunny day

Consumer Finance

Working Paper

Household Mortgage Refinancing Decisions Are Neighbor Influenced

WP 21-16 – Can social influence effects help explain regional heterogeneity in refinancing activity?

Occupational Mobility Explorer

The Occupational Mobility Explorer allows users to examine how workers’ skills could transfer to similar — but higher-paying — occupations. Findings are available for the 33 largest U.S. metropolitan areas.

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Aruoba-Diebold-Scotti Business Conditions Index

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

Federal Open Market Committee (FOMC) Releases Statement

The FOMC decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects to maintain this target range until labor market conditions have reached levels consistent with maximum employment and inflation has risen to 2 percent over the longer run. The Federal Reserve will also continue to increase its holdings of Treasury and agency mortgage-backed securities.

Macroeconomics

Working Paper

Factor Models with Local Factors—Determining the Number of Relevant Factors

WP 21-15 – We extend the theory on factor models by incorporating “local” factors into the model. Local factors affect only an unknown subset of the observed variables.

Podium with two microphones

Delaware’s Economic Recovery: A Work in Progress

Delaware State Chamber of Commerce 2021 Economic Outlook | Virtual Event