Federal Reserve Bank of Philadelphia publications Economic research and commentary from Federal Reserve Bank of Philadelphia https://fedinprint.org/search?facets[]=provider_literal_array:Federal+Reserve+Bank+of+Philadelphia Tue, 14 Jul 2026 22:23:56 +0000 Is Mortgage Lock-In Responsible for Housing Market Tightness? https://fedinprint.org/item/fedpwp/103512/original https://fedinprint.org/item/fedpwp/103512/original Mangum, Kyle; Graybill, Aaron 2026-07-10 52 mortgage lock-in; search and matching; market tightness; survival models 26-33 10.21799/frbp.wp.2026.33 Working Papers The Health Channel of Business Cycles https://fedinprint.org/item/fedpwp/103482/original https://fedinprint.org/item/fedpwp/103482/original Guerrón-Quintana, Pablo; Drautzburg, Thorsten; Gordon, Grey; Khazanov, Alexey 2026-07-02 71 business cycles; computational methods; health; heterogeneity; labor supply; general equilibrium 26-32 10.21799/frbp.wp.2026.32 Working Papers AI-Enabled Fraud Is On the Rise — Here’s How to Beat It https://fedinprint.org/item/p00001/103466 https://fedinprint.org/item/p00001/103466 Patala, Siddhartha; Jagtiani, Julapa; Rau, Raghavendra; Srivastava, Shivam 2026-03-26 12 AI; cybersecurity; bank risk; cyber risk management; fintech Consumer Finance Institute Research Briefs and Special Reports The Rising Burden of Homeowners Insurance in the Third District States https://fedinprint.org/item/p00001/103465 https://fedinprint.org/item/p00001/103465 Algar, Victoria; Zhang, Sisi 2026-06-30 9 Consumer Finance Institute Research Briefs and Special Reports Recent Trends in Renter Financial Security and Homebuying Intentions https://fedinprint.org/item/p00001/103463 https://fedinprint.org/item/p00001/103463 Drayton, Matthew; Lambie-Hanson, Lauren; Akana, Tom 2026-06-04 17 Consumer Finance Institute Research Briefs and Special Reports Pricing-to-Market in Business Cycle Models https://fedinprint.org/item/fedpwp/103462/original https://fedinprint.org/item/fedpwp/103462/original Drozd, Lukasz A.; Kolasa, Marcin; Nosal, Jaromir B. 2026-06-30 93 exchange-rate pass-through; pricing-to-market; real rigidity; international comovements 26-31 10.21799/frbp.wp.2026.31 Working Papers Stablecoins and the Future of the Dollar https://fedinprint.org/item/fedpei/103430 https://fedinprint.org/item/fedpei/103430 Abadi, Joseph 2026-06-25 10 Economic Insights The Local Economic Impact of Coal Mine Closures https://fedinprint.org/item/fedpwp/103422/original https://fedinprint.org/item/fedpwp/103422/original Scavette, Adam; Nason, David; Stephens, Heather 2026-06-24 29 Coal; Labor Demand; Energy Transition; Natural Resource Shock 26-30 10.21799/frbp.wp.2026.30 Working Papers Quality Adjustment in Industry Deflators Strengthens Estimated Innovation–Productivity Relationships https://fedinprint.org/item/fedpwp/103326/original https://fedinprint.org/item/fedpwp/103326/original Atalay, Enghin; Hortacsu, Ali; Kimmel, Nicole; Syverson, Chad 2026-04-20 20 productivity measurement; innovation 26-22 10.21799/frbp.wp.2026.22 Working Papers Words of Economics https://fedinprint.org/item/fedpei/103321 https://fedinprint.org/item/fedpei/103321 Atalay, Enghin 2026-05-28 16 Economic Insights Interchange Fees in Payment Networks Implications for Prices, Profits, and Welfare https://fedinprint.org/item/fedpwp/103315/original https://fedinprint.org/item/fedpwp/103315/original Zhang, Yin; Serfes, Konstantinos; Hunt, Robert M. 2026-05-28 62 credit cards; two-sided networks; merchant competition; interchange fees; regulation 26-29 10.21799/frbp.wp.2026.29 Working Papers Rental Prices and the Cost of Living in the United States, 1914–2006 https://fedinprint.org/item/fedpwp/103311/original https://fedinprint.org/item/fedpwp/103311/original Lyons, Ronan; Shertzer, Allison; Gray, Rowena 2026-05-27 40 Housing prices; rental indices; CPI; housing markets; cost of living 26-28 10.21799/frbp.wp.2026.28 Working Papers Banking Regulation with Risk of Sovereign Default https://fedinprint.org/item/fedpwp/103190/original https://fedinprint.org/item/fedpwp/103190/original D'Erasmo, Pablo; Livshits, Igor; Schoors, Koen 2026-05-11 50 Banking; Sovereign default; Prudential regulation; Financial crisis 26-25 10.21799/frbp.wp.2026.25 Working Papers The Evolution of the Corporate Bond Market: A Theoretical Analysis https://fedinprint.org/item/fedpwp/103286/original https://fedinprint.org/item/fedpwp/103286/original Üslü, Semih; Kargar, Mahyar; Lester, Benjamin; Weill, Pierre-Olivier 2026-05-21 39 Over-the-counter markets; corporate bond market liquidity; dealer intermediation; balance sheet costs; electronic trading platforms 26-27 10.21799/frbp.wp.2026.27 Working Papers Navigating Uncertainty: Inflation, Labor Markets, and the Stance of Monetary Policy https://fedinprint.org/item/fedpsp/103276 https://fedinprint.org/item/fedpsp/103276 Paulson, Anna L. 2026-05-19 7 Speech Fast Locations and Slowing Mobility https://fedinprint.org/item/fedpwp/103268/original https://fedinprint.org/item/fedpwp/103268/original Mangum, Kyle; Coate, Patrick 2026-05-19 85 declining internal migration; labor mobility; home attachment; rootedness; local ties; conditional choice probability estimation 26-26 10.21799/frbp.wp.2026.26 Working Papers Flight to Safety: Evaluating Stablecoin’s Role as a Safe-Haven Asset in DeFi Markets https://fedinprint.org/item/fedpwp/103156/original https://fedinprint.org/item/fedpwp/103156/original Chernoff, Alan; Jagtiani, Julapa; Yoshida, Nathaniel 2026-05-07 37 Cryptocurrency; Stablecoins; Bitcoin; Ethereum; Tether; Flight to safety; BTC; ETH; USDT 26-24 10.21799/frbp.wp.2026.24 Working Papers Are Fiscal Transfers Inflationary? https://fedinprint.org/item/fedpwp/103152/original https://fedinprint.org/item/fedpwp/103152/original Arias, Jonas E.; Shin, Minchul; Rubio-Ramirez, Juan F. 2026-05-05 55 fiscal policy; structural vector autoregressions; identification 26-23 10.21799/frbp.wp.2026.23 Working Papers Do Recent Auto Loan Delinquency Rates Overstate Borrower Distress? https://fedinprint.org/item/p00001/103107 https://fedinprint.org/item/p00001/103107 Zhou, Justin; Hunt, Robert M.; Santucci, Larry; Cheney, Julia S.; Lambie-Hanson, Lauren 2026-05-01 5 Consumer Finance Institute Research Briefs and Special Reports Is Household Financial Health Improving? https://fedinprint.org/item/p00001/103106 https://fedinprint.org/item/p00001/103106 Doubinko, Valeria Zeballos; Bhutta, Neil 2026-05-01 7 Consumer Finance Institute Research Briefs and Special Reports It’s You, Not Me – Survey Data on AI’s Impact on Employees https://fedinprint.org/item/p00001/103105 https://fedinprint.org/item/p00001/103105 Akana, Tom 2026-05-01 4 Consumer Finance Institute Research Briefs and Special Reports How Quantum Computing Threatens Cryptography https://fedinprint.org/item/fedpei/103077 https://fedinprint.org/item/fedpei/103077 Sanches, Fabio 2026-04-21 10 Quantum computing Economic Insights International Currency Dominance https://fedinprint.org/item/fedpwp/103040/original https://fedinprint.org/item/fedpwp/103040/original Fernández-Villaverde, Jesús; Sanches, Daniel R.; Abadi, Joseph 2026-04-15 52 dominant currency; international monetary system; strategic complementarities; history dependence 26-21 10.21799/frbp.wp.2026.21 Working Papers Time-Consistent Individuals, Time-Inconsistent Households https://fedinprint.org/item/fedpwp/103023/original https://fedinprint.org/item/fedpwp/103023/original Hertzberg, Andrew 2026-04-13 63 Time-Inconsistency; Savings; Families; Intra-Household Decision Making 26-20 10.21799/frbp.wp.2026.20 Working Papers Why Is Manufacturing Productivity Growth So Low? https://fedinprint.org/item/fedpwp/103003/original https://fedinprint.org/item/fedpwp/103003/original Hortacsu, Ali; Syverson, Chad; Kimmel, Nicole; Atalay, Enghin 2026-04-07 78 manufacturing; productivity measurement; ICT 26-19 10.21799/frbp.wp.2026.19 Working Papers