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Bank:Federal Reserve Bank of Philadelphia 

Journal Article
The defense sector: a source of strength for Philadelphia's economy

Business Review , Issue Jul/Aug , Pages 3-14

Journal Article
How do forecasts respond to changes in monetary policy?

Laurence Ball and Dean Croushore look at forecasts from the Survey of Professional Forecasters to determine if forecasts and the economy respond in tandem or if there are significant differences.
Business Review , Issue Q4 , Pages 9-16

Journal Article
How Dodd–Frank affects small bank costs

Do stricter regulations enacted since the financial crisis pose a significant burden?
Banking Trends , Issue Q1 , Pages 1-6

Journal Article
Was job quality “job one” in the tri-state region’s economic recovery?

Employment growth has been the most hesitant part of this recovery. Labor markets have been weaker for longer in this recovery than in the other postwar recoveries, even the so-called ?jobless recovery? of 1991-92, at least by some measures.
Research Rap Special Report , Issue Dec

Working Paper
Measuring the performance of banks: theory, practice, evidence, and some policy implications

The unique capital structure of commercial banking ? funding production with demandable debt that participates in the economy?s payments system ? affects various aspects of banking. It shapes banks? comparative advantage in providing financial products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and how they are regulated, including the need to obtain a charter to operate and explicit and implicit federal guarantees of bank liabilities to reduce the probability of bank runs. These aspects of banking affect a bank?s choice of risk vs. ...
Working Papers , Paper 13-31

Working Paper
Localized Knowledge Spillovers: Evidence from the Spatial Clustering of R&D Labs and Patent Citations

SUPERCEDES EORKING PAPER 17-32 Buzard et al. (2017) show that American R&D labs are highly spatially concentrated even within a given metropolitan area. We argue that the geography of their clusters is better suited for studying knowledge spillovers than are states, metropolitan areas, or other political or administrative boundaries that have predominantly been used in previous studies. In this paper, we assign patents and citations to these newly defined clusters of R&D labs. Our tests show that the localization of knowledge spillovers, as measured via patent citations, is strongest at small ...
Working Papers , Paper 19-42

Working Paper
Core measures of inflation as predictors of total inflation

Policymakers tend to focus on core inflation measures because they are thought to be better predictors of total inflation over time horizons of import to policymakers. The authors find little support for this assumption. While some measures of core inflation are less volatile than total inflation, core inflation is not necessarily the best predictor of total inflation. The relative forecasting performance of models using core inflation and those using only total inflation depends on the inflation measure and time horizon of the forecast. Unlike previous studies, the authors provide a measure ...
Working Papers , Paper 11-24

Journal Article
Regulating the eurocurrency market: what are the prospects?

Business Review , Issue Mar/Apr , Pages 15-23

Speech
Economic outlook and central bank policy: a speech at the University of Rochester, William E. Simon Graduate School of Business Administration Economic Outlook Seminar, November 27, 2007

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, presented at the University of Rochester, William E. Simon Graduate School of Business Administration , Economic Outlook Seminar, Hyatt Regency Rochester, November 27, 2007
Speech , Paper 11

Journal Article
Banking Trends: The Growing Role of CRE Lending

Commercial real estate has grown dramatically as a share of U.S. economic activity and is banks? largest lending category, particularly for small and midsize banks. It is also the riskiest part of bank portfolios. James DiSalvo and Ryan Johnston provide a primer. First in a series.
Banking Trends , Issue Q3 , Pages 15-21

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