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

Current Economic Conditions
President's Report to the Board of
Directors
pdf
April 2014

Household Inflation Expectations and Consumer Spending: Evidence from Panel Data
by Mary A. Burke and Ali Ozdagli
Working Paper No. 13-25

An Evaluation of the Federal Reserve Estimates of the Natural Rate of Unemployment in Real Time
by Fabià Gumbau-Brisa and Giovanni P. Olivei
Working Paper No. 13-24

U.S. Consumer Demand for Cash in the Era of Low Interest Rates and Electronic Payments
by Tamás Briglevics and Scott Schuh
Working Paper No. 13-23

Cliff Notes: The Effects of the 2013 Debt- Ceiling Crisis
by Ali Ozdagli and Joe Peek
Public Policy Brief No. 13-9

The Cost of Fiscal Policy Uncertainty: Industry Evidence of Its Impact on the Labor Market
by J. Christina Wang
Working Paper No. 13-22

Technological Progress, the "User Cost of Money," and the Real Output of Banks
by Susanto Basu and J. Christina Wang
Working Paper No. 13-21

Optimal Monetary Policy under Model Uncertainty without Commitment
by Anna Orlik and Ignacio Presno
Working Paper No. 13-20

Not So Fast: High-Frequency Financial Data for Macroeconomic Event Studies
by Ali K. Ozdagli
Working Paper No. 13-19

Security of Retail Payments: The New Strategic Objective
by Joanna Stavins
Public Policy Discussion Paper No. 13-9

The Michigan Surveys of Consumers and Consumer Spending
by Michelle L. Barnes and Giovanni P. Olivei
Public Policy Brief No. 13-8

Walking a Tightrope: Are U.S. State and Local Governments on a Fiscally Sustainable Path?
by Bo Zhao and David Coyne
Working Paper No. 13-18

The 2010 Survey of Consumer Payment Choice with Technical Appendix
by Kevin Foster, Scott Schuh, and Hanbing Zhang
Research Data Reports No. 13-2 and 13-3

Uncertain Futures? Youth Attachment to the Labor Market in the United States and New England
by Alicia Sasser Modestino
NEPPC Research Report No. 13-3

Assessing the Affordability of State Debt
by Jennifer Weiner
NEPPC Research Report No. 13-2

Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market
by Filippo Ippolito, Ali K. Ozdagli, and Ander Perez
Working Paper No. 13-17

Optimal Recall Period Length in Consumer Payment Surveys
by Marcin Hitczenko
Working Paper No. 13-16

Modeling Anchoring Effects in Sequential Likert Scale Questions
by Marcin Hitczenko
Working Paper No. 13-15

Affirmative Action and Stereotype Threat
by Anat Bracha, Alma Cohen, and Lynn Conell-Price
Working Paper No. 13-14

How Many Cards Do You Use?
by Oz Shy
Working Paper No. 13-13

Domestic and Foreign Announcements on Unconventional Monetary Policy and Exchange Rates
by Federico J. Díez and Ignacio Presno
Public Policy Brief No. 13-7

Structural Unemployment
by Peter Diamond
Public Policy Brief No. 13-6

Do Foreclosures Affect Boston Public School Student Academic Performance?
by Katharine Bradbury, Mary A. Burke, and Robert K. Triest
Public Policy Brief No. 13-5

The Effect of Foreclosure on Boston Public School Student Academic Performance
by Katharine Bradbury, Mary A. Burke, and Robert K. Triest
Working Paper No. 13-12

Asymmetric Responses to Tax-Induced Changes in Personal Income: The 2013 Payroll Tax Hike versus Anticipated 2012 Tax Refunds
by Anat Bracha and Daniel Cooper
Public Policy Brief No. 13-4

How Low Can You Go? Charity Reporting When Donations Signal Income and Generosity
by Anat Bracha and Lise Vesterlund
Working Paper No. 13-11

Enforcement and Immigrant Location Choice
by Tara Watson
Working Paper No. 13-10

Is Monetary Policy Overburdened?
by Athanasios Orphanides
Public Policy Discussion Paper No. 13-8

The Impact of Policy Uncertainty on U.S. Employment: Industry Evidence
by J. Christina Wang
Public Policy Brief No. 13-3

Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice
by Steven J. Davis and Paul S. Willen
Working Paper No. 13-9

The Credit CARD Act of 2009: What Did Banks Do?
by Vikram Jambulapati and Joanna Stavins
Public Policy Discussion Paper No. 13-7

The Effect of Unemployment Duration on Future Earnings and Other Outcomes
by Daniel Cooper
Working Paper No. 13-8

Changes in U.S. Household Balance Sheet Behavior after the Housing Bust and Great Recession: Evidence from Panel Data
by Daniel Cooper
Public Policy Discussion Paper No. 13-6

The Role of Banks in the Transmission of Monetary Policy
by Joe Peek and Eric S. Rosengren
Public Policy Discussion Paper No. 13-5

The Value to Banks of Small Business Lending
by Dmytro Holod and Joe Peek
Working Paper No. 13-7

Research Review coverResearch Review
Overview of recent research by economists of the Research Department
Issue Number 19

Payment Choice with Consumer Panel Data
by Michael Cohen and Marc Rysman
Working Paper No. 13-6

Cyclical versus Secular: Decomposing the Recent Decline in U.S. Labor Force Participation
by Michelle L. Barnes, Fabià Gumbau-Brisa, and Giovanni P. Olivei
Public Policy Brief No. 13-2

Merchant Steering of Consumer Payment Choice: Lessons Learned From Consumer Surveys
by Oz Shy and Joanna Stavins
Research Data Report No. 13-1

Wealth Shocks and Macroeconomic Dynamics
by Daniel Cooper and Karen Dynan
Public Policy Discussion Paper No. 13-4

Economic Distress and Resurgence in U.S. Central Cities: Concepts, Causes, and Policy Levers
by Yolanda K. Kodrzycki and Ana Patricia Muñoz
Public Policy Discussion Paper No. 13-3

A Decomposition of Shifts of the Beveridge Curve
by Rand Ghayad
Public Policy Brief 13-1

Cyclical Unemployment, Structural Unemployment
by Peter Diamond
Working Paper No. 13-5

The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums
by Lynn M. Fisher, Lauren Lambie-Hanson, and Paul S. Willen
Public Policy Disussion Paper No. 13-2

Retaining Recent College Graduates in New England: An Update on Current Trends
by Alicia Sasser Modestino
NEPPC Policy Brief No. 13-2

Window Shopping
by Oz Shy
Working Paper No. 13-4

When Does Delinquency Result in Neglect? Mortgage Distress and Property Maintenance
by Lauren Lambie-Hanson
Public Policy Discussion Paper No. 13-1

Do Real-Time Okun’s Law Errors Predict GDP Data Revisions?
by Michelle L. Barnes, Fabià Gumbau-Brisa, and Giovanni P. Olivei
Working Paper No. 13-3

The Power of Sunspots: An Experimental Analysis
by Dietmar Fehr, Frank Heinemann, and Aniol Llorente-Saguer
Working Paper No. 13-2

The Quest for Cost-Efficient Local Government in New England: What Role for Regional Consolidation?
by Yolanda K. Kodrzycki
NEPPC Research Report 13-1

The Impact of Managed Care on the Gender Earnings Gap among Physicians
by Alicia Sasser Modestino
Working Paper No. 13-1