Working Paper
Strong Spatial Spillovers Determine Neighborhood Shape and Neighborhood Change
WP 26-11 – This paper explores how spatial spillovers — changes in the perceived value of a location as a result of the choices of others — affect how neighborhoods are shaped and how they change over time.
Featured Work
Article
Regional Spotlight: Introducing the Price and Inflation Expectations Survey
Economic Insights — The Philadelphia Fed's new Price and Inflation Expectations Survey (PIES) measures Third District firms' expectations for themselves and the economy.
Article
Unlocking Historical Tables and Expanding Research Opportunities
Research in Focus — Two Fed economists and their coauthor design a new method for producing a digitized historical panel data set. Their test case is the adoption of vehicles in 20th century America.
Article
Decay, Abandonment, and . . . Profits? An Unlikely Combination in Real Estate Markets
Research in Focus — Can property insurance be too generous? Four economists look at the consequences of a program that promised outsized benefits.
Featured Data
Third District Beige Book
Qualitative assessment of economic conditions in the Third District released prior to each FOMC meeting
Updated: 14 Jan ’26
Manufacturing Business Outlook Survey
Monthly survey of manufacturers in the Third District
Updated: 19 Feb ’26
Nonmanufacturing Business Outlook Survey
Monthly survey of nonmanufacturing businesses in the Third District
Updated: 24 Feb ’26
State Coincident Indexes
Monthly index of general economic conditions for each of the 50 states
Updated: 30 Jan ’26
Price and Inflation Expectations Survey
Quarterly survey of price and inflation expectations among manufacturing and nonmanufacturing firms in the Third District
Updated: 15 Dec ’25
COVID-19 Business Outlook Survey
Special survey (now monthly, previously weekly) of firms in the Third District
Updated: 23 Dec ’20