Recent Research

Tracking Consumer Credit Trends

THE MACRO BULLETINTroy Davig and William Xu find that a larger share of consumers with low credit scores are increasing their debt than those with high credit scores.

Raising Capital When the Going Gets Tough: U.S. Bank Equity Issuance from 2001 to 2014

RESEARCH WORKING PAPERBank equity issuance to private investors peaked during the crisis even as investor requirements grew more stringent.

The Drag of Energy and Manufacturing on Productivity Growth

THE MACRO BULLETINWillem Van Zandweghe finds a decline in manufacturing and mining activity has slowed overall productivity growth.

Monetary Policy at the Zero Lower Bound: Revelations from the Summary of Economic Projections

THE MACRO BULLETINGeorge A. Kahn and Andrew Palmer assess how FOMC participants' projections that policy would lift off from its effective lower bound related to their projections for inflation and unemployment.

Flowing into Employment: Implications for the Participation Rate

THE MACRO BULLETINJosé Mustre-del-Río, Michael Redmond, and William Xu find more prime-age individuals are flowing into employment from outside the labor force, though effects on the participation rate could be limited by educational attainment.

Debt-Dependent Effects of Fiscal Expansions

RESEARCH WORKING PAPERThe effects of an increase in government spending are not necessarily debt-dependent—instead, they may depend on general economic conditions as well as whether the government stabilizes debt through taxes or spending.

Economic Review

Has the Relationship between Bank Size and Profitability Changed?

Kristen Regehr and Rajdeep Sengupta explore whether the relationship between bank size and profitability changed after the 2007–09 financial crisis.

Consumption Growth Regimes and the Post-Financial Crisis Recovery

Andrew Foerster and Jason Choi find that consumption has grown more slowly after the Great Recession due to the continued influence of persistent factors unusual to see outside recessions.

Global Uncertainty and U.S. Exports

Nicholas Sly finds that periods of greater uncertainty and financial volatility within U.S. trading partners are associated with substantially lower demand for U.S. goods. 

Monetary Policy at the Zero Lower Bound: Revelations from the FOMC's Summary of Economic Projections

George A. Kahn and Andrew Palmer assess how FOMC participants' projections that policy would lift off from its effective lower bound related to their projections for inflation and unemployment. The article is summarized in The Macro Bulletin.

The Lasting Damage from the Financial Crisis to U.S. Productivity

Michael Redmond and Willem Van Zandweghe find that tight credit conditions during the 2007–09 financial crisis dampened productivity, leaving it on a lower trajectory. The article is summarized in The Macro Bulletin.

Data Breach Notification Laws

Richard J. Sullivan and Jesse Leigh Maniff study individual provisions within states' data breach notification laws to evaluate their effects on identity theft.

Estimating the Monetary Policy Rule Perceived by Forecasters

Brent Bundick examines whether the FOMC’s implicit monetary policy rule, as perceived by professional forecasters, changed when the federal funds rate reached its effective lower bound. The article is summarized in The Macro Bulletin.
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The Center for the Advancement of Data and Research in Economics

CADRE provides high performance computing capabilities and research data management and curation services to the research community.

Jackson Hole Economic Policy Symposium

Our annual symposium draws central bankers, policymakers, academics and economists from around the world. The proceedings include papers, commentaries and discussions.
About the Symposium | Archive

Monetary Policy & Macroeconomics

Issues of importance to the Federal Reserve, including financial markets, banking, monetary policy and more.

Banking, Payments & Financial Markets

Issues affecting the banking and payments industries.

Community Research

Economic issues affecting low- and moderate- income communities, including fair and impartial access to credit.

Regional Research

Economic geography and developments for national monetary policy deliberations.

Agriculture & Rural Economies

Insights on agricultural and rural economies regionally and nationally.