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
Drifts, Shifts, and Rifts: Exploring the Dynamics of Party Polarization
27 Jun ’24
Research in Focus — Using their novel quantitative model, two Philadelphia Fed economists show the mechanisms by which party ideologies shift, shedding light on the influence of voters.
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
26 Jul ’24
An index designed to track real business conditions at high observation frequency
Working Paper
The Price of Housing in the United States, 1890–2006
WP 24-12 – This paper introduces new rental and home sales price series for the 20th century constructed from historical newspapers, and it explores the different rent and home price trajectories of cities across the United States.
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.
Article
What Explains the Great Resignation?
Economic Insights — It’s no surprise that quits rise in a tight labor market, but the scale of quits in 2021 came as a shock. We evaluate three explanations for what some call the Great Resignation.
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
12 Jul ’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.
Article
The Evolving Structure of Housing Markets: Institutional Investors and Their Influential Role During the Great Recession
03 Jun ’24
Research in Focus — A model of U.S. housing markets by Dick Oosthuizen illustrates how corporate investors helped mitigate price declines during a prolonged recession.
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.