Economic Research
Papers
Finance and Economics Discussion Series
November 2025 (Revised June 2026)
Settlement Speed and Financial Stability
Agostino Capponi and Jin-Wook Chang
June 2026
Slow Learning
Lawrence J. Christiano, Martin Eichenbaum, and Benjamin K. Johannsen
March 2025 (Revised June 2026)
Household Consumption Does Not Respond Directly to Interest Rates: Evidence From 10 Macroeconomic Shocks
Papers
International Finance Discussion Papers
May 2026
Attention Allocation and Belief Distortions
May 2026
Tariffs and Goods-Market Search Frictions
Pawel M. Krolikowski and Andrew H. McCallum
March 2026
Risk in a Data-Rich Model
Dario Caldara, Haroon Mumtaz, and Molin Zhong
FEDS Notes
“Buy Now, Pay Later” Beyond “Pay in 4”, A Comprehensive Product Overview
Nina R. Acree, Kayleigh Barnes, Alexander Bruce, Simona M. Hannon
Mexico in U.S. Supply Chains: Lessons from 2018-19 Tariffs
Maria Aristizabal-Ramirez, Chris A. Avalos, Emma Rosenbaum, and Eva Van Leemput
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.