Close-up of portraits from various bank notes

Monetary Policy Report: Using Rules for Benchmarking, December 2020

This special report highlights ongoing work to benchmark the stance of monetary policy using a range of policy rules that are widely employed in studies of monetary economics.

Featured Work

The Outlook for 2021 Nationally and Locally

Philadelphia Business Journal Economic Forecast | Virtual Event

Announcement Regarding the Monetary Policy Report

Due to rapidly changing economic conditions stemming from the coronavirus outbreak, the Federal Reserve Bank of Philadelphia will not issue its March 2020 Monetary Policy Report.

The Economy


Central Bank Exchange Program

The Research Department has established exchange programs with a number of central banks to foster the exchange of ideas among economists with common interests.