Regional Economics

Working Paper

Lockdowns and Innovation: Evidence from the 1918 Flu Pandemic

WP 20-46/R – Does social distancing harm innovation? Nonpharmaceutical interventions adopted during the 1918 flu pandemic did not cause local declines in patenting. Instead, NPIs may have preserved other inventive factors.

Featured Work

Big-City Housing Costs and the Increasing Attractiveness of High-Amenity Small Towns

Research in Focus — Jeff Brinkman of the Philadelphia Fed and his coauthors examine house prices and population dynamics by U.S. county in response to increasing preferences for location amenities.

How Restrictions on Teenage Driving Affect Dropout Rates

Research in Focus — For teenagers, few choices weigh as heavily as whether to finish high school. Does being able to drive affect their decision? This study explores several possible outcomes.

Regional Economics

Working Paper

The Push of Big City Prices and the Pull of Small Town Amenities

WP 22-41 – As house prices rise in large, housing-constrained cities, what are the implications for places that have room to grow? We explore how amenities have differentially driven population and price dynamics in big cities and small towns.

Featured Data

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Manufacturing Business Outlook Survey

Monthly survey of manufacturers in the Third District

Updated: 18 May ’23

Map of the United States

State Leading Indexes

Six-month forecast of the coincident index for each of the 50 states

Updated: April 29, 2020

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COVID-19 Business Outlook Survey

Special survey (now monthly, previously weekly) of firms in the Third District

Updated: 23 Dec ’20

November 2019 Map

State Coincident Indexes

Monthly index of general economic conditions for each of the 50 states

Updated: 24 May ’23

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Nonmanufacturing Business Outlook Survey

Monthly survey of nonmanufacturing businesses in the Third District

Updated: 23 May ’23

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Third District Beige Book

Qualitative assessment of economic conditions in the Third District released prior to each FOMC meeting

Updated: 19 Apr ’23