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.

Regional Economics

Working Paper

Capitalization as a Two-Part Tariff: The Equilibrium Structure of Housing Prices

WP 19-20/R – Housing is more expensive in desirable neighborhoods. But does the premium emerge at the extensive (per housing unit) or intensive (per living space) margin?

Aruoba-Diebold-Scotti Business Conditions Index

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

Monetary Policy Report: Using Rules for Benchmarking, September 2025

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.

The Economy

Article

U.S. Dollar Dominance: A Blessing or a Curse?

Economic Insights — The U.S. dollar has been the dominant international currency for decades, much to the benefit of the U.S. economy. But with this dominance comes risks.

Event

Oct

3-4

2025

Frontiers in Machine Learning and Economics: Methods and Applications – 2025

The University of Chicago Booth School of Business | Chicago

Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability

Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability tracks the rate at which U.S. workers transition from one employer to another in a given month.

Monetary Policy

Article

The Blending of Conventional and Unconventional Monetary Policies With “Inelastic” Asset Markets

Research in Focus — Joseph Abadi of the Philadelphia Fed creates a model to analyze how central bank interest rate policy and balance sheet adjustments transmit through “inelastic” asset markets.