Working papers are academic research by SF Fed economists and affiliates intended for publication in scholarly journals. This section contains working papers on monetary economics and macro-finance ...

With the new year fast approaching, here’s a countdown of our own to close out 2025. Check out the list of our most widely ...

SF Fed Regional Executives explore Spokane's economic landscape, uncovering insights on the bioscience, aerospace, and timber ...

New data shows continued contraction in homebuying market in 2023, though impacts varied across groups and geographies.

We develop firm-level measures of input and output price changes using textual analysis of earnings calls. We establish five facts: (1) Input prices increase (decrease) at the median firm once every ...

Using data from the euro area SAFE, a novel survey of firms’ inflation expectations including a randomized controlled trial (RCT), we show that firms’ ...

A decrease in oil supply drives up oil prices, which can raise unemployment and inflation. To counter adverse effects on inflation, a central bank may choose to increase its policy rate, potentially ...

Raffaella Sadun, Charles E. Wilson professor of business administration at Harvard Business School, delivered a live presentation on management and reskilling in the age of AI on December 15, 2025.

This week’s FOMC decision was not an easy choice. Our goals are in conflict. Inflation is above target, the labor market is softening, and there are risks to both sides of our mandate—maximum ...

The Center for Pacific Basin Studies (CPBS) organizes the Asia Economic Policy Conference (AEPC) series and the Pacific Basin Research Conference series in alternating years. The AEPC is the flagship ...

Economic conditions in the Twelfth District were mixed during the October to mid-November reporting period. Employment levels largely held steady as most employers hired primarily to replace voluntary ...