Research & Data

research and data

image of federal reserve bank of bostonThe Federal Reserve Bank of Boston, as part of the Federal Reserve System, promotes price stability and sustainable growth in New England and the nation. In support of this function, the Bank’s economists advise Federal Reserve decision-makers on monetary policy and financial markets. They conduct innovative research to further our understanding of monetary policy, the national and regional economy, markets, and supervisory policy. Through presentations, papers, publications, conferences, and advisory activities, they share their insights and expertise with fellow professionals, policymakers, and the public at large.

Latest Research rss

State Highway Funding in New England: The Road to Greater Fiscal Sustainability
by Jennifer Weiner
NEPPC Policy Report 15-1

Output Response to Government Spending: Evidence from New International Military Spending Data
by Viacheslav Sheremirov and Sandra Spirovska
Working Paper No. 15-9

Uncertainty and the Signaling Channel of Monetary Policy
by Jenny Tang
Working Paper No. 15-8

Current Economic Conditions
President's Report to the Board of Directors pdf
June 30, 2015

How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? Are They Being Used as Substitutes for Checking Accounts?
by Claire Greene and Oz Shy
Research Data Report No. 15-3

Estimating Population Means in the 2012 Survey of Consumer Payment Choice
by Marcin Hitczenko
Research Data Report No. 15-2

The Distributional Effects of Contractual Norms: The Case of Cropshare Agreements
by Mary A. Burke
Working Paper No. 15-7

Did Abnormal Weather Affect U.S. Employment Growth in Early 2015?
by Christopher L. Foote
Current Policy Perspectives No. 15-2

Within-School Spillover Effects of Foreclosures and Student Mobility on Student Academic Performance
by Katharine Bradbury, Mary A. Burke, and Robert K. Triest
Working Paper No. 15-6

Expectations as a Source of Macroeconomic Persistence: An Exploration of Firms' and Households' Expectation Formation
by Jeff Fuhrer
Working Paper No. 15-5

Measuring Municipal Fiscal Disparities in Connecticut
by Bo Zhao and Jennifer Weiner
New England Public Policy Center Research Report No. 15-1

The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO
by W. Scott Frame, Kristopher Gerardi, and Paul S. Willen
Working Paper No. 15-4

How Do Speed and Security Influence Consumers' Payment Behavior?
by Scott Schuh and Joanna Stavins
Current Policy Perspectives No. 15-1

Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?
by Davide Debortoli, Jinill Kim, Jesper Lindé, and Ricardo Nunes
Working Paper No. 15-3

U.S. Consumer Holdings and Use of $1 Bills
by Scott Fulford, Claire Greene, and William Murdock III
Research Data Report No. 15-1

Nudging Credit Scores in the Field: The Effect of Text Reminders on Creditworthiness in the United States
by Anat Bracha and Stephan Meier
Working Paper No. 15-2

Price Setting in Online Markets: Does IT Click?
by Yuriy Gorodnichenko, Viacheslav Sheremirov, and Oleksandr Talavera
Working Paper No. 15-1

Informal Work Activity in the United States: Evidence from Survey Responses
by Anat Bracha and Mary A. Burke
Current Policy Perspectives No. 14-13

Let's Talk About It: What Policy Tools Should the Fed "Normally" Use?
by Michelle L. Barnes
Current Policy Perspectives No. 14-12

Upskilling: Do Employers Demand Greater Skill When Skilled Workers Are Plentiful?
by Alicia Sasser Modestino, Daniel Shoag, and Joshua Ballance
Working Paper No. 14-17

SNAP: Should We Be Worried about a Sudden, Sharp Rise from Low, Long-Term Rates?
by Ali K. Ozdagli
Current Policy Perspectives No. 14-11

Labor Market Polarization Over the Business Cycle
by Christopher L. Foote and Richard W. Ryan
Working Paper No. 14-16

Vanishing Procyclicality of Productivity? Industry Evidence
by J. Christina Wang
Working Paper No. 14-15

Productivity in the Slow Lane? The Role of Information and Communications Technology
by J. Christina Wang and Alison Pearson
Current Policy Perspectives No. 14-10

Productivity and Export Market Participation: Evidence from Colombia
by Camila Casas, Federico J. Díez, Alejandra González, and Stefany Moreno
Working Paper No. 14-14

Rhode Island in the Great Recession: Factors Contributing to its Sharp Downturn and Slow Recovery
by Mary A. Burke
Current Policy Perspectives No. 14-9

The Great Recession, Entrepreneurship, and Productivity Performance
by Federico J. Dίez
Current Policy Perspectives No. 14-8

House Price Growth When Children are Teenagers: A Path to Higher Earnings?
by Daniel Cooper and María José Luengo-Prado
Working Paper No. 14-13

Saving for a Rainy Day: Estimating the Appropriate Size of U.S. State Budget Stabilization Funds
by Bo Zhao
Working Paper No. 14-12

Student Loan Debt and Economic Outcomes
by Daniel Cooper and J. Christina Wang
Current Policy Perspectives No. 14-7

U.S. Consumers' Holdings and Use of $100 Bills
by Claire Greene and Scott Schuh
Research Data Report No. 14-3

The Emerging Market Economies in Times of Taper-Talk and Actual Tapering
by Federico J. Díez
Current Policy Perspectives No. 14-6

Smoothing State Tax Revenues over the Business Cycle: Gauging Fiscal Needs and Opportunities
by Yolanda K. Kodrzycki
Working Paper No. 14-11

The Forecasting Power of Consumer Attitudes for Consumer Spending
by Michelle L. Barnes and Giovanni P. Olivei
Working Paper No. 14-10

Costs and Benefits of Building Faster Payment Systems: The U.K. Experience and Implications for the United States
by Claire Greene, Marc Rysman, Scott Schuh, and Oz Shy
Current Policy Perspectives No. 14-5

The 2011 and 2012 Surveys of Consumer Payment Choice
by Scott Schuh and Joanna Stavins
Research Data Report No. 14-1

The 2011 and 2012 Surveys of Consumer Payment Choice: Technical Appendix
by Marco Angrisani, Kevin Foster, and Marcin Hitczenko
Research Data Report No. 14-2

Measuring Unfamiliar Economic Concepts: The Case of Prepaid Card Adoption
by Marcin Hitczenko and Mingzhu Tai
Working Paper No. 14-9

How Important Is Variability in Consumer Credit Limits?
by Scott L. Fulford
Working Paper No. 14-8

Demand for H-1B Visas in New England: An Analysis of Employer Requests for Highly-Skilled Guest Workers
by Robert Clifford
NEPPC Policy Report 14-1

Variable Annuities – Recent Trends and the Use of Captives
by Elise Brenneman, David (Fengchen) Du, and Cynthia Martin

Foreign Nurse Importation to the United States and the Supply of Native Registered Nurses
by Patricia Cortés and Jessica Pan
Working Paper No. 14-7

Bitcoin as Money?
by Stephanie Lo and J. Christina Wang
Current Policy Perspectives No. 14-4

Research Review pdf
July-December 2013

The Competitiveness of U.S. Manufacturing
by Federico J. Dίez and Gita Gopinath
Current Policy Perspectives No. 14-3

Financial Frictions and the Reaction of Stock Prices to Monetary Policy Shocks
by Ali Ozdagli
Working Paper No. 14-6

Labor Market Exit and Re-Entry: Is the United States Poised for a Rebound in the Labor Force Participation Rate?
by Daniel Cooper and María José Luengo-Prado
Current Policy Perspectives No. 14-2

Tight Credit Conditions Continue to Constrain The Housing Recovery
by Jordan Rappaport and Paul Willen
Current Policy Perspectives No. 14-1

This Is What's in Your Wallet...and Here's How You Use It
by Tamás Briglevics and Scott Schuh
Working Paper No. 14-5

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data
by John Bagnall, David Bounie, Kim P. Huynh, Anneke Kosse, Tobias Schmidt, Scott Schuh, and Helmut Stix
Working Paper No. 14-4

The Ins and Arounds in the U.S. Housing Market
by Rüdiger Bachmann and Daniel Cooper
Working Paper No. 14-3

Labor Market Transitions and the Availability of Unemployment Insurance
by Katharine Bradbury
Working Paper No. 14-2

Tight Credit Conditions Continue to Constrain The Housing Recovery
by Jordan Rappaport and Paul Willen
Current Policy Perspectives No. 14-1

Merchant Steering of Consumer Payment Choice: Evidence from a 2012 Diary Survey
by Oz Shy and Joanna Stavins
Working Paper No. 14-1