Phila Fed Research

Attention researchers, policy analysts, and industry experts: Our new email subscription center is live. Choose from a variety of topics, including housing trends, credit card data, and manufacturing surveys. Personalize your email updates today. bit.ly/4jyrFnC

Nonbank financial institutions have grown rapidly over the past two decades. Banks lending to these institutions has grown along the way. Andrew Conroy and Pablo D'Erasmo explore what this means for banks and the economy in a two-part series. bit.ly/485YTaN

New Working Paper: Building Credit Histories. bit.ly/47oeGBJ

Explore how different policy rules could shape the U.S. economy. Use our new Monetary Policy Benchmarks tool to compare projections for key economic indicators like GDP growth, inflation, unemployment, and interest rates. bit.ly/3PAq5Ip

The Philadelphia Fed and @UDLernerCollege invite you to join us on April 3 to hear about current research exploring the connectivity between the fintech and financial systems. Event details -> bit.ly/4b1S38h

Through an analysis of trading activity across derivatives markets, three economists explain how risk levels can remain elevated, even after regulatory reforms. Learn more in the latest #ResearchInFocus. bit.ly/4r48llK

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. Read the latest #ResearchInFocus to learn more: bit.ly/3Ol92cC #EconTwitter

What can millions of mortgage applications teach us? In a recent study, researchers identify “cross-applicants,” borrowers who apply for more than one loan, to uncover insights into lending standards and consumer shopping behavior. bit.ly/4qEtcMG #ResearchInFocus

The #CallForPapers closes soon! Submit your research by January 15 to be invited to participate in the Philadelphia Fed’s Conference on Consumer Finance and Macroeconomics on May 1, 2026, in Philadelphia. Submission website -> bit.ly/4oXD1nB

#CallForPapers: The Conference on Consumer Finance and Macroeconomics is an opportunity for contributors to share current research on a broad range of topics in consumer finance and macroeconomics. The submission deadline is January 15. Learn more. bit.ly/4oXD1nB

Research from @philadelphiafed economists models what it takes for a currency to dominate global trade and finance. Their findings shed light on the future of the U.S. dollar and the rise of other reserve currencies. bit.ly/3XTtraz

📢 #CallForPapers: We are accepting submissions for individual papers and presentations on the connectivity between the fintech sector and broader financial system. The submission deadline is December 31. Details: bit.ly/3KooPGc

Daniel Moulton and Chris Severen describe how researchers at the Philadelphia Fed are using large language models to do what was once too expensive and time-consuming to do at scale: collect and analyze data from historical records. #EconomicInsights bit.ly/3Ycocmf

Our new Price and Inflation Expectations Survey (PIES) data explorer tool is now available. Check out the tool for a window into how businesses in our region anticipate changes in prices and wages. See PIES findings from Q4 2025 and subscribe for updates. bit.ly/3MvOei0

Mortgage researchers: Participate in the Mortgage Market Research Conference in May 2026. Learn more about the #CallForPapers and submit by January 20, 2026. bit.ly/4mT9Ocz

#CallForPapers: We are accepting submissions for individual papers and presentations on the connectivity between the fintech sector and broader financial system. The submission deadline is December 30, 2025. Details: bit.ly/3KooPGc

Could insurance policies play a role in neighborhood decline? Jeffrey Lin and his coauthors examine population and income decline in urban neighborhoods following regulation known as the Fair Access to Insurance Requirements. #ResearchInFocus bit.ly/4ob9wyB

The Philadelphia Fed invites researchers to participate in the Mortgage Market Research Conference in Philadelphia in May 2026. Submit papers by January 20, 2026. bit.ly/4mT9Ocz

Do decentralized ownership and token-based financing make digital platforms more efficient? Joseph Abadi and his coauthor compare traditional digital platforms with innovative ones whose tokens can be used for transacting and governance. #ResearchInFocus bit.ly/47a6ZxU

Many U.S. banks use complex financial transactions to optimize capital and hedge possible credit losses, but not without risks, as explained by Jeremy Brizzi, Jeffrey Gerlach, and John Kelly in the latest #EconomicInsights. bit.ly/4gHhsFy

The recently launched Survey of Economic Mobility from the @philadelphiafed provides new evidence on the role of health and transportation access for individuals' employment. Bryan A. Stuart explains in the latest #EconomicInsights. bit.ly/47WQTd6