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Keywords:Regions 

Journal Article
Do Local Economic Conditions Influence FOMC Votes?

Monetary policy in the United States is determined by the Federal Open Market Committee (FOMC), a decisionmaking body that includes regional representation. Evidence shows that the economic conditions in their respective regions have influenced how presidents of the 12 regional Federal Reserve Districts voted at the FOMC meetings in past decades. Specifically, a 1 percentage point higher unemployment rate in a District relative to the national average is associated with a 9 percentage point higher probability of dissenting in favor of looser policy during the FOMC vote.
FRBSF Economic Letter , Volume 2025 , Issue 13 , Pages 5

Discussion Paper
Rural Households Hit Hardest by Inflation in 2021-22

To conclude our series, we present disparities in inflation rates by U.S. census region and rural status between June 2019 and the present. Notably, rural households were hit by inflation the hardest during the 2021-22 inflationary episode. This is intuitive, as rural households rely on transportation, and especially on motor fuel, to a much greater extent than urban households do. More generally, the recent rise in inflation has affected households in the South more than the national average, and households in the Northeast by less than the national average, though this difference has ...
Liberty Street Economics , Paper 20230118c

Working Paper
Spatial Patterns of Development: A Meso Approach

Over the last two decades, the literature on comparative development has moved from country-level to within-country analyses. The questions asked have expanded, as economists have used satellite images of light density at night and other big spatial data to proxy for development at the desired level. The focus has also shifted from uncovering correlations to identifying causal relations, using elaborate econometric techniques including spatial regression discontinuity designs. In this survey we show how the combination of geographic information systems with insights from disciplines ranging ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 4

Journal Article
Regional spotlight: regions defined and dissected

What defines a metro area? Paul Flora describes how population and commuting patterns shape the tristate area's economic regions.
Business Review , Issue Q4 , Pages 5-11

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