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
14 Dec ’20
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.
Event
May
12
2021
Symposium on Institutions of Higher Education: Financial Viability and COVID-19
9:00 AM – 2:30 PM
Online
Aruoba-Diebold-Scotti Business Conditions Index
30 Apr ’21
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.
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.
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.
Delaware’s Economic Recovery: A Work in Progress
Delaware State Chamber of Commerce 2021 Economic Outlook | Virtual Event