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.
Working Paper
Zoning and the American Suburb
WP 26-37 – American suburbs are generally characterized by single-family neighborhoods featuring large lots, with few businesses or apartments.
Article
The Long-Term Benefits of School Spending a Hundred Years Ago and a Surprising Contributing Factor
12 Aug ’26
Research in Focus — Allison Shertzer of the Philadelphia Fed and her coauthor uncover the influence of anti-German sentiment on post–World War I investments in U.S. city schools.
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.
Aruoba-Diebold-Scotti Business Conditions Index
20 Aug ’26
An index designed to track real business conditions at high observation frequency
Article
Over a Century of Housing Prices, All in One Place
Economic Insights — Our Historical Housing Prices Project charts changing prices in major U.S. cities since 1890.
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
Spreading Out Across Expanding Idea Space
WP 26-39 – Over nearly two centuries, U.S. inventions have become increasingly dissimilar: not just fewer head-to-head collisions between inventors, but growing distance between neighboring inventions.
Working Paper
ForeComp: An R Package for Comparing Predictive Accuracy Using Fixed-Smoothing Asymptotics
WP 26-38 – We introduce ForeComp, an R package for comparing predictive accuracy using Diebold–Mariano type tests of equal predictive ability with standard and fixed-smoothing inference.
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.