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.
Survey
Third Quarter 2026 Survey of Professional Forecasters
14 Aug ’26
Third Quarter 2026 Survey of Professional Forecasters
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.