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.

The Economy

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

An index designed to track real business conditions at high observation frequency

How Do Eligibility and Take-Up of Unemployment Insurance Benefits Differ Among Black and White Individuals?

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.

Close-up of ten- and twenty-euro notes

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.

A college student works on her tablet with an iced coffee close by.

The Great Migration’s Impact on the Educational Achievement of Black Children

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.

The Economy



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.