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
Segregation and Mobility: Why Commuting Times Differ According to Race
15 Sep ’22
Research in Focus – By investigating prominent factors that affect commuting trends across the U.S., the authors explain how race may play a role in determining commuting times.
Aruoba-Diebold-Scotti Business Conditions Index
30 Sep ’22
An index designed to track real business conditions at high observation frequency
Working Paper
A Model of the Gold Standard
WP 22-33 – We model an international gold standard and find that it exposes domestic economies to external shocks, prompting the least-productive countries to opt out of the standard. In other words, the gold standard can be sustainable at the core but not at the periphery.
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
Uniform Priors for Impulse Responses
WP 22-30 – There has been a call to abandon the conventional method for Bayesian inference in set-identified structural vector autoregressions on the grounds that it could be overly informative for posterior inference. This paper challenges this call.
Working Paper
Price Setting with Customer Capital: Sales, Teasers, and Rigidity
WP 22-31 – A theory where buyers search for products that fit their needs gives rise to temporary sales in pricing when firms set a common price across their customers, and teaser pricing when firms can differentiate between new and repeat customers.
About
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 their highlighted names.
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.