Economic Research
Papers
Finance and Economics Discussion Series
December 2025
Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents
November 2025
Cyber Vulnerabilities at Large US Financial Institutions and Their Third-Party Service Providers
Jin-Wook Chang, Jacob Dice, Shengwu Du, Adam Flury, Sam Jerow, Seung Jung Lee, Stacey Schreft, and Craig Vandre
November 2025
Access to Capital and the IPO Decision: An Analysis of US Private Firms
Andres Almazan, Nathan Swem, Sheridan Titman, Gregory Weitzner
Papers
International Finance Discussion Papers
December 2025
To Cap or Not to Cap? Energy Crises in a Currency Union
December 2025
Decoupling Dollar and Treasury Privilege
Wenxin Du, Ritt Keerati, and Jesse Schreger
December 2025
Economic Diversity and the Resilience of Cities
François de Soyres, Simon Fuchs, Illenin O. Kondo, and Helene Maghin
FEDS Notes
Understanding Trade Fragmentation
Florencia Airaudo, François de Soyres, Ece Fisgin, Alexandre Gaillard, Ana Maria Santacreu, Keith Richards, and Henry Young
A Note on Recent Dynamics of Consumer Delinquency Rates
Robert Adams, Cord Barnes, Connor Bopst, and Kamila Sommer
Data, Models and Tools
A large-scale estimated general equilibrium model of the U.S. economy for FRB/US Model
Models of daily yield curves, and a dynamic term structure model of Treasury yields
Survey of Consumer Finances (SCF):
Information on families' balance sheets, pensions, income, and demographic characteristics
View selected research data from the Federal Reserve Board's working papers and notes series.
Estimated Dynamic Optimization (EDO) Model:
A medium-scale New Keynesian dynamic stochastic general equilibrium (DSGE) model of the U.S. economy.
Disclaimer: The economic research that is linked from this page represents the views of the authors and does not indicate concurrence either by other members of the Board's staff or by the Board of Governors. The economic research and their conclusions are often preliminary and are circulated to stimulate discussion and critical comment.
The Board values having a staff that conducts research on a wide range of economic topics and that explores a diverse array of perspectives on those topics. The resulting conversations in academia, the economic policy community, and the broader public are important to sharpening our collective thinking.