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
Demographic Transition, Industrial Policies and Chinese Economic Growth
WP 22-17 - We examine how demographic transition and industrial policy and their interactions contribute to China's economic growth, particularly the rise in household and corporate savings relative to output, and the rise in per capita output growth.
Aruoba-Diebold-Scotti Business Conditions Index
29 Jun ’22
An index designed to track real business conditions at high observation frequency
Article
How Do Eligibility and Take-Up of Unemployment Insurance Benefits Differ Among Black and White Individuals?
07 Jun ’22
Research in Focus – Bryan Stuart of the Philadelphia Fed and his coauthor estimate the Black-White unemployment insurance gap and analyze individual characteristics to help explain the divide.
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.

Working Paper
Self-Fulfilling Debt Crises, Revisited
WP 20-03/R - We revisit self-fulfilling rollover crises by exploring the potential uncertainty introduced by a gap (however small) between an auction of new debt and the payment of maturing liabilities.

Article
The Great Migration’s Impact on the Educational Achievement of Black Children
16 May ’22
Research in Focus — Bryan Stuart of the Philadelphia Fed and his coauthors examine the impact of migration on Black children’s educational outcomes using county-specific place effects.
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.
About
Economists
Many of our economists conduct research in areas of macro- and microeconomics and regularly contribute to policy discussions. You can find out more about these economists and their work by clicking on the highlighted names below.