Nominal interest rates have real effects. Residential mortgages and other real world debt contracts require a sequence of ...
Some goods and services prices are not directly observed and must be indirectly derived for measuring inflation. This ...
Monetary policy surprises—changes in various interest rates around central bank communication events—reflect new information ...
Tariffs are usually applied to imported goods—but in an interconnected economy, their effects can be felt in the prices of ...
What does a slow growth labor market mean for monetary policy? For one, it means "traditional 'rules of thumb' for labor ...
The Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco is hosting its 2026 Pacific Basin Research ...
Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, ...
This data series is part of the Center for Monetary Research. The Treasury yield premium model by Jens H.E. Christensen and Glenn D. Rudebusch (CR) decomposes the nominal yield curve into three ...
Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, implied by a large class of heterogeneous-agent models, constructed using ...
In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research Network (EERN) to support a better understanding of how new technologies ...
This data series is part of the Center for Monetary Research. This site presents a weekly and monthly series of the proxy funds rate, following Doh and Choi (2016), Choi, Doh, Foerster, and Martinez ...
Regional data provide indicators measuring characteristics of the dual mandate across the nation. This page provides data on labor market conditions, prices, and earnings for the 50 states and the ...