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.

Monetary Policy

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.

Regional Economics

Press Release

2020 Manufacturing Data Revisions Released

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

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

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Regional Economics

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.

Macroeconomics

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.

The Economy

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.