Research & Data

research and data

image of federal reserve bank of bostonThe Federal Reserve Bank of Boston, as part of the Federal Reserve System, promotes price stability and sustainable growth in New England and the nation. In support of this function, the Bank’s economists advise Federal Reserve decision-makers on monetary policy and financial markets. They conduct innovative research to further our understanding of monetary policy, the national and regional economy, markets, and supervisory policy. Through presentations, papers, publications, conferences, and advisory activities, they share their insights and expertise with fellow professionals, policymakers, and the public at large.

Latest Research rss

Does Immigration Crowd Natives Into or Out of Higher Education?
Working Paper No. 15-18
by Osborne Jackson

Changing Patterns in Informal Work Participation in the United States 2013–2015
Current Policy Perspectives No. 15-10
by Anat Bracha, Mary Burke, and Arman Khachiyan

Consumer Revolving Credit and Debt over the Life Cycle and Business Cycle
Working Paper No. 15-17
by Scott L. Fulford and Scott Schuh

Monetary Policy and Exchange Rate Dynamics
Working Paper No. 15-16
by Vania Stavrakeva and Jenny Tang

The Effects of a Stronger Dollar on U.S. Prices
Current Policy Perspectives No. 15-9
by Federico J. Díez and Gita Gopinath

A Post-Mortem of the Life Insurance Industry's Bid for Capital during the Financial Crisis
Current Policy Perspectives No. 15-8
by Michelle L. Barnes, James Bohn, and Cynthia L. Martin

The Final Countdown: The Effect of Monetary Policy during "Wait-for-It" and Reversal Periods
Working Paper No. 15-15
by Ali Ozdagli

Consumers' Use of Overdraft Protection
by Claire Greene and Mi Luo
Research Data Report No. 15-8

The Rhode Island Labor Market in Recovery: Where is the Skills Gap?
Current Policy Perspectives No. 15-7
by Mary A. Burke

Why Has the Cyclicality of Productivity Changed? What Does It Mean?
Current Policy Perspectives No. 15-6
by John Fernald and Christina Wang

Can Subsidized Housing Help Address Homelessness in New England?
by Robert Clifford and Osborne Jackson
NEPPC Policy Report No. 15-3

Identifying and Evaluating Sample Selection Bias in Consumer Payment Surveys
by Marcin Hitczenko
Research Data Report No. 15-7

Payment Instrument Adoption and Use in the United States, 2009–2013, by Consumers' Demographic Characteristics
by Sean Connolly and Joanna Stavins
Research Data Report No. 15-6

From Urban Core to Wealthy Towns: Nonschool Fiscal Disparities across Connecticut Municipalities
Working Paper No. 15-14
by Bo Zhao

Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default
Working Paper No. 15-13
by Kristopher Gerardi, Kyle F. Herkenhoff, Lee E. Ohanian, and Paul S. Willen

Credit Supply Disruptions: From Credit Crunches to Financial Crisis
Current Policy Perspectives No. 15-5
by Joe Peek and Eric Rosengren

Cross-Sectional Factor Dynamics and Momentum Returns
Working Paper No. RPA 15-2
by Doron Avramov & Satadru Hore

Household Formation Over Time: Evidence from Two Cohorts of Young Adults
Current Policy Perspectives No. 15-4
by Daniel Cooper and Maria José Luengo-Prado

The Rise and Fall of Consumption in the '00s
Working Paper No. 15-12
by Yuliya Demyanyk, Dmytro Hryshko, Maria José Luengo-Prado, & Bent E. Sørensen

Do Increases in Subsidized Housing Reduce the Incidence of Homelessness? Evidence from the Low-Income Housing Tax Credit
Working Paper No. 15-11
by Osborne Jackson and Laura Kawano

Price Dispersion and Inflation: New Facts and Theoretical Implications
Working Paper No. 15-10
by Viacheslav Sheremirov

Achieving Greater Fiscal Stability: Guidance for the New England States
by Yolanda K. Kodrzycki and Bo Zhao
NEPPC Research Report 15-2

The 2013 Surveys of Consumer Payment Choice: Technical Appendix
by Marco Angrisani, Kevin Foster, and Marcin Hitczenko
Research Data Report No. 15-5

The 2013 Survey of Consumer Payment Choice: Summary Results
by Scott Schuh and Joanna Stavins
Research Data Report No. 15-4

Global Standards for Liquidity Regulation
by Eva Liebmann and Joe Peek
Current Policy Perspectives No. 15-3

State Highway Funding in New England: The Road to Greater Fiscal Sustainability
by Jennifer Weiner
NEPPC Policy Report No. 15-1

Output Response to Government Spending: Evidence from New International Military Spending Data
by Viacheslav Sheremirov and Sandra Spirovska
Working Paper No. 15-9

Uncertainty and the Signaling Channel of Monetary Policy
by Jenny Tang
Working Paper No. 15-8

How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? Are They Being Used as Substitutes for Checking Accounts?
by Claire Greene and Oz Shy
Research Data Report No. 15-3

Estimating Population Means in the 2012 Survey of Consumer Payment Choice
by Marcin Hitczenko
Research Data Report No. 15-2

The Distributional Effects of Contractual Norms: The Case of Cropshare Agreements
by Mary A. Burke
Working Paper No. 15-7

Did Abnormal Weather Affect U.S. Employment Growth in Early 2015?
by Christopher L. Foote
Current Policy Perspectives No. 15-2

Within-School Spillover Effects of Foreclosures and Student Mobility on Student Academic Performance
by Katharine Bradbury, Mary A. Burke, and Robert K. Triest
Working Paper No. 15-6

Expectations as a Source of Macroeconomic Persistence: An Exploration of Firms' and Households' Expectation Formation
by Jeff Fuhrer
Working Paper No. 15-5

Measuring Municipal Fiscal Disparities in Connecticut
by Bo Zhao and Jennifer Weiner
New England Public Policy Center Research Report No. 15-1

The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO
by W. Scott Frame, Kristopher Gerardi, and Paul S. Willen
Working Paper No. 15-4

How Do Speed and Security Influence Consumers' Payment Behavior?
by Scott Schuh and Joanna Stavins
Current Policy Perspectives No. 15-1

Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?
by Davide Debortoli, Jinill Kim, Jesper Lindé, and Ricardo Nunes
Working Paper No. 15-3

U.S. Consumer Holdings and Use of $1 Bills
by Scott Fulford, Claire Greene, and William Murdock III
Research Data Report No. 15-1

Nudging Credit Scores in the Field: The Effect of Text Reminders on Creditworthiness in the United States
by Anat Bracha and Stephan Meier
Working Paper No. 15-2

Price Setting in Online Markets: Does IT Click?
by Yuriy Gorodnichenko, Viacheslav Sheremirov, and Oleksandr Talavera
Working Paper No. 15-1