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
Baby Boomers vs. Millennials Through Monetary Policy
Economic Insights — The U.S. population is aging, and this may affect how the Fed wants to conduct monetary policy in the years to come.
Press Release
2020 Manufacturing Data Revisions Released
14 Jan ’21
In January of each year, the Federal Reserve Bank of Philadelphia revises historical data for the Manufacturing Business Outlook Survey.
Aruoba-Diebold-Scotti Business Conditions Index
15 Jan ’21
An index designed to track real business conditions at high observation frequency
Working Paper
Lockdowns and Innovation: Evidence from the 1918 Flu Pandemic
WP 20-46 — Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs) — policies that restrict interactions in an attempt to slow the spread of disease on local invention.
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
Evidence of Accelerating Mismeasurement of Growth and Inflation in the U.S. in the 21st Century
WP 20-41- Corporate equity market values, profitability, and intangible investment have reached high proportions of income.
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.
Article
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.