The Economy

WP 26-21 – We propose a model of the international monetary system to study currency competition and the emergence of a dominant currency.

Research in Focus — Philadelphia Fed researchers study how the transition to remote schooling affected parental labor supply, with a focus on the role played by telework and nonparental childcare.

Ryo Tashiro is the Philadelphia Fed's eyes and ears on the ground. The outreach economist crisscrosses the Third District, making sense of economic trends for businesses and communities — and capturing local insights to help inform national monetary policy discussions.

WP 26-19 – This paper argues that mismeasured price indexes account for much of the apparent weakness in U.S. manufacturing productivity. Adjusting for quality improvements raises annual productivity growth estimates by up to 0.8 percentage point.

WP 26-15 – Urban schools increased per pupil expenditures by 70 percent from 1918 to 1924, and these resources led to greater educational attainment and higher wages for less advantaged children.