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
Stablecoins and the Future of the Dollar
Economic Insights — Since they exploded in popularity, stablecoins have been playing a growing role in the real economy.
Article
Felt but Unseen: The Lesser-Known Forces Influencing Home Prices
10 Jun ’26
Research in Focus — Two economists deconstruct the basic framework of home prices. Their nationwide analysis yields surprising insights into the elements that make up a home's selling price.
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.
Indices
State Coincident Indexes
26 Jun ’26
Monthly index of general economic conditions for each of the 50 states
Working Paper
Large SVARs
WP 26-04/R – We develop a new algorithm to analyze economic data using SVAR models identified with sign restrictions. We demonstrate its usefulness on a small SVAR of the world oil market and a large SVAR of the U.S. economy.
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.
Event
Oct
9-10
2026
2026 Conference on Real-Time Data Analysis, Methods, and Applications
Federal Reserve Bank of Philadelphia
Working Paper
Rental Prices and the Cost of Living in the United States, 1914-2006
WP 26-28 – The Rent of Primary Residence (RoPR) series constructed by the Bureau of Labor Statistics implies that nominal rental prices increased by just 2.6 percent per year from 1914 to 2006 while overall prices grew by 3.3 percent.
Working Paper
The Evolution of the Corporate Bond Market: A Theoretical Analysis
WP 26-27 – The authors study the impact of three recent developments in the corporate bond market: an increase in dealers’ balance sheet costs, the rise of electronic trading platforms, and the shift in ownership toward mutual funds and ETFs.
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.