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
The Welfare Impacts of Urban Renewal and Forced Relocation: Evidence from Chicago’s HOPE VI Demolitions
WP 26-49 – This paper studies one of the largest spatial redevelopment efforts in the United States: HOPE VI public housing demolitions.
Working Paper
The Treasury General Account and the Fed’s Balance Sheet
WP 26-48 – Changes in the Treasury’s cash management practices after the COVID pandemic increased the Fed’s balance sheet by as much as 2 percentage points of nominal GDP, including the larger buffer required to maintain ample reserve levels.
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.
Indices
State Coincident Indexes
23 Oct ’26
Monthly index of general economic conditions for each of the 50 states
Working Paper
A Unified Framework for Transparent Quasi-Experimental Research
WP 26-47 – This paper develops a framework that allows researchers to describe a wide class of quasi-experimental treatment effect estimates using direct analogs of the features that make a randomized controlled trial transparent.
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.
Event
Oct
9-10
2026
2026 Conference on Real-Time Data Analysis, Methods, and Applications
Federal Reserve Bank of Philadelphia
Working Paper
The Costs of Access: Freeway Disamenities Across U.S. Cities
WP 26-46 – We construct city-level measures of freeway disamenities and examine their association with metropolitan growth.
Article
Are Conventional U.S. Manufacturing Productivity Statistics Understating Productivity Growth?
29 Sep ’26
Research in Focus — Enghin Atalay of the Philadelphia Fed and his coauthors adjusted manufacturing total factor productivity statistics using consumer prices to account for product quality improvements.
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.