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Economic Insights features nontechnical articles on monetary policy, banking, and national, regional, and international economics, all written for a wide audience.



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The Policy Perils of Low Interest Rates PDF
A convergence of forces continues to drive down market interest rates. Lukasz Drozd explains why this global trend may leave central banks without their main recession-fighting tool and why their options may be limited.

Banking Trends: Skin in the Game in the CMBS Market PDF
Does a new risk retention rule lead originators of commercial mortgages to make less risky loans? James DiSalvo and Ryan Johnston review the evidence on whether skin in the game matters.

Nontraditional Insurance and Risks to Financial Stability PDF
What role, if any, should the Fed play in regulating insurance companies? Yaron Leitner explores how insurers' expansion into nontraditional activities might affect financial stability.

Research Update PDF
Abstracts of the latest working papers produced by the Federal Reserve Bank of Philadelphia.



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Are Higher Capital Requirements Worth It? PDF
Stricter limits on bank leverage are designed to prevent bailouts but may slow economic growth. Pablo D'Erasmo explains the challenge of obtaining better estimates of the impact so that policymakers can weigh the tradeoff.

Bitcoin vs. the Buck: Is Currency Competition a Good Thing? PDF
One concern about digital currencies such as Bitcoin is that they could lead to hyperinflation. Daniel Sanches examines whether issuers have any incentive to limit how much virtual money they pump into circulation.

Research Update PDF
Abstracts of the latest working papers produced by the Federal Reserve Bank of Philadelphia.



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Banking Trends: Measuring Cov-Lite Right PDF
More business loans today lack traditional restrictions on borrowers, raising concern among bank regulators and others. Edison Yu investigates whether omitting such covenants actually leaves lenders more exposed to default.

Investing in Elm Street: What Happens When Firms Buy Up Houses? PDF
Institutional investment in single-family homes is rising sharply. Lauren Lambie-Hanson, Wenli Li and Michael Slonkosky examine the impact on house prices, homeownership rates, household financial well-being, and the overall economy.

Research Update PDF
Abstracts of the latest working papers produced by the Federal Reserve Bank of Philadelphia.



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Tracking Business Conditions in Delaware PDF
How have business conditions in the First State evolved since the 1990s? Jonas Arias and Jesús Fernández-Villaverde present a real-time daily index to assess business conditions in Delaware.

The "Philly Fed Index" Turns 50 with Steadfast Success PDF
Over seven business cycles, the Philly Fed Index has provided timely evaluations of changes in regional and U.S. manufacturing conditions. Michael Trebing and Caroline Beetz Fenske describe its history and predictive value.

Research Update PDF
Abstracts of the latest working papers produced by the Federal Reserve Bank of Philadelphia.

  • Last update: March 7, 2019

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