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
Housing Markets Under the Microscope: City by City, Year by Year
24 Sep ’24
Research in Focus — Four economists measure house prices in a novel way, with significant implications for interpreting price levels across the broader U.S. economy.
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
04 Oct ’24
An index designed to track real business conditions at high observation frequency
Working Paper
The Heterogeneous Impact of Referrals on Labor Market Outcomes
WP 21-34/R – Referrals are used all the time to help workers and firms form matches. But what, exactly, do they do? This working paper explores the role that they play in the hiring process and the implications for employment, wages, and inequality.
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
Beneath the Crypto Currents: The Hidden Effect of Crypto “Whales”
WP 24-14 – Cryptocurrency markets are often characterized by market manipulation or, at the very least, by a sharp distinction between large and sophisticated investors and small retail investors.
Event
Oct
18-19
2024
Frontiers in Machine Learning and Economics: Methods and Applications – 2024
Federal Reserve Bank of Philadelphia
Data
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability
13 Sep ’24
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability tracks the rate at which U.S. workers transition from one employer to another in a given month.
Working Paper
Driving, Dropouts, and Drive-Throughs: Mobility Restrictions and Teen Human Capital
WP 22-22/R – Teens make important decisions about schooling and employment that impact their life trajectories. Moderate driving restrictions for teens reduce high school dropout rates. This reduction does not represent substitution away from employment.
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.