FedResearch
@fedresearch.federalreserve.gov
The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors
https://www.federalreserve.gov/econres.htm
https://www.federalreserve.gov/econres.htm
This #FEDSNote evaluates recession risks at the national and state levels, distinguishing between full-recovery recessions and those that generate lasting damage. (1/2) www.federalreserve.gov/econres/note...
Assessing Recession Risks with State-Level Data
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
January 7, 2026 at 10:05 PM
This #FEDSNote evaluates recession risks at the national and state levels, distinguishing between full-recovery recessions and those that generate lasting damage. (1/2) www.federalreserve.gov/econres/note...
Call for papers: Fifth Conference on the International Roles of the U.S. Dollar. Paper submissions due by February 15, 2026: www.federalreserve.gov/conferences/...
Fifth Conference on the International Roles of the U.S. Dollar – Call for Papers
economic Conference - The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
January 7, 2026 at 2:59 PM
Call for papers: Fifth Conference on the International Roles of the U.S. Dollar. Paper submissions due by February 15, 2026: www.federalreserve.gov/conferences/...
New #FEDSPaper: A Framework for Understanding the Vulnerabilities of New Money-Like Products: www.federalreserve.gov/econres/feds... #EconSky
A Framework for Understanding the Vulnerabilities of New Money-Like Products
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
January 6, 2026 at 3:46 PM
New #FEDSPaper: A Framework for Understanding the Vulnerabilities of New Money-Like Products: www.federalreserve.gov/econres/feds... #EconSky
New #FEDSNote: A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity: www.federalreserve.gov/econres/feds... #EconSky
A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
January 5, 2026 at 7:59 PM
New #FEDSNote: A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity: www.federalreserve.gov/econres/feds... #EconSky
Call for papers: 7th Vienna Global Macro Workshop. Paper submissions due by February 1, 2026: www.federalreserve.gov/conferences/...
December 30, 2025 at 6:02 PM
Call for papers: 7th Vienna Global Macro Workshop. Paper submissions due by February 1, 2026: www.federalreserve.gov/conferences/...
ICYMI: New #FEDSPaper: The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings: www.federalreserve.gov/econres/feds...
December 29, 2025 at 3:32 PM
ICYMI: New #FEDSPaper: The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings: www.federalreserve.gov/econres/feds...
Call for papers: Fifth Conference on the International Roles of the U.S. Dollar. Paper submissions due by February 15, 2026: www.federalreserve.gov/conferences/...
December 29, 2025 at 2:31 PM
Call for papers: Fifth Conference on the International Roles of the U.S. Dollar. Paper submissions due by February 15, 2026: www.federalreserve.gov/conferences/...
ICYMI: Banks in the Age of Stablecoins: Fed research discusses some possible implications for deposits, credit, and financial intermediation: www.federalreserve.gov/econres/note... #FEDSNote
Banks in the Age of Stablecoins: Some Possible Implications for Deposits, Credit, and Financial Intermediation
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 23, 2025 at 4:30 PM
ICYMI: Banks in the Age of Stablecoins: Fed research discusses some possible implications for deposits, credit, and financial intermediation: www.federalreserve.gov/econres/note... #FEDSNote
Authors find no evidence of dollarization or de-dollarization in international debt securities. Rather, the dollar’s share exhibits a wavelike pattern leaving it roughly where it was at the end of Bretton Woods in the 1970s or at the euro’s launch in 2000. www.federalreserve.gov/econres/ifdp...
Dollarization Waves: New Evidence from a Comprehensive International Bond Database
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 23, 2025 at 3:31 PM
Authors find no evidence of dollarization or de-dollarization in international debt securities. Rather, the dollar’s share exhibits a wavelike pattern leaving it roughly where it was at the end of Bretton Woods in the 1970s or at the euro’s launch in 2000. www.federalreserve.gov/econres/ifdp...
New #FEDSPaper: The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings: www.federalreserve.gov/econres/feds...
The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 22, 2025 at 8:12 PM
New #FEDSPaper: The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings: www.federalreserve.gov/econres/feds...
New #FEDSPaper: A bottom-up framework for estimating real-time data center investment. The approach matches recent NIPA data center investment and provides a transparent way to forecast the boom---and its uncertainty---over the short and medium run: www.federalreserve.gov/econres/feds...
December 22, 2025 at 8:00 PM
New #FEDSPaper: A bottom-up framework for estimating real-time data center investment. The approach matches recent NIPA data center investment and provides a transparent way to forecast the boom---and its uncertainty---over the short and medium run: www.federalreserve.gov/econres/feds...
ICYMI: New #FEDSPaper: LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*: www.federalreserve.gov/econres/feds...
LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 22, 2025 at 6:22 PM
ICYMI: New #FEDSPaper: LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*: www.federalreserve.gov/econres/feds...
ICYMI: New #FEDSPaper: Rates of return on private and public businesses: www.federalreserve.gov/econres/feds...
Rates of return on private and public businesses
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 22, 2025 at 6:21 PM
ICYMI: New #FEDSPaper: Rates of return on private and public businesses: www.federalreserve.gov/econres/feds...
ICYMI: New #FEDSPaper: A Robust Risk Framework for Offline Payments: www.federalreserve.gov/econres/feds...
A Robust Risk Framework for Offline Payments
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 22, 2025 at 5:37 PM
ICYMI: New #FEDSPaper: A Robust Risk Framework for Offline Payments: www.federalreserve.gov/econres/feds...
ICYMI: During the COVID-19 crisis, large outflows from bond mutual funds disrupted debt markets. The authors show that "funds of funds"-mutual funds that invest in other mutual funds-accounted for a third of those outflows in March 2020. www.federalreserve.gov/econres/feds... #FEDSPaper
Funds of Funds' Portfolio Rebalancing during the COVID-19 Crisis
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 22, 2025 at 5:33 PM
ICYMI: During the COVID-19 crisis, large outflows from bond mutual funds disrupted debt markets. The authors show that "funds of funds"-mutual funds that invest in other mutual funds-accounted for a third of those outflows in March 2020. www.federalreserve.gov/econres/feds... #FEDSPaper
ICYMI: New #FEDSNote: The Empirical Relationship Between the Tier 1 Leverage Ratio and Community Bank Failures after the Global Financial Crisis: www.federalreserve.gov/econres/note...
The Empirical Relationship Between the Tier 1 Leverage Ratio and Community Bank Failures after the Global Financial Crisis
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 22, 2025 at 5:33 PM
ICYMI: New #FEDSNote: The Empirical Relationship Between the Tier 1 Leverage Ratio and Community Bank Failures after the Global Financial Crisis: www.federalreserve.gov/econres/note...
ICYMI: New #FEDSPaper: Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents: www.federalreserve.gov/econres/feds... #EconSky
Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 19, 2025 at 6:27 PM
ICYMI: New #FEDSPaper: Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents: www.federalreserve.gov/econres/feds... #EconSky
ICYMI: New #FEDSNote: Understanding Trade Fragmentation: www.federalreserve.gov/econres/note... #EconSky
Understanding Trade Fragmentation
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 18, 2025 at 5:03 PM
ICYMI: New #FEDSNote: Understanding Trade Fragmentation: www.federalreserve.gov/econres/note... #EconSky
ICYMI: New #IFDPPaper: To Cap or Not to Cap? Energy Crises in a Currency Union: www.federalreserve.gov/econres/ifdp... #EconSky
To Cap or Not to Cap? Energy Crises in a Currency Union
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 18, 2025 at 4:25 PM
ICYMI: New #IFDPPaper: To Cap or Not to Cap? Energy Crises in a Currency Union: www.federalreserve.gov/econres/ifdp... #EconSky
New #FEDSNote: In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins: www.federalreserve.gov/econres/note... #EconSky
In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 17, 2025 at 6:23 PM
New #FEDSNote: In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins: www.federalreserve.gov/econres/note... #EconSky
Banks in the Age of Stablecoins: Fed research discusses some possible implications for deposits, credit, and financial intermediation: www.federalreserve.gov/econres/note... #FEDSNote #EconSky
Banks in the Age of Stablecoins: Some Possible Implications for Deposits, Credit, and Financial Intermediation
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 17, 2025 at 4:14 PM
Banks in the Age of Stablecoins: Fed research discusses some possible implications for deposits, credit, and financial intermediation: www.federalreserve.gov/econres/note... #FEDSNote #EconSky
Authors find no evidence of dollarization or de-dollarization in international debt securities. Rather, the dollar’s share exhibits a wavelike pattern leaving it roughly where it was at the end of Bretton Woods in the 1970s or at the euro’s launch in 2000. www.federalreserve.gov/econres/ifdp...
Dollarization Waves: New Evidence from a Comprehensive International Bond Database
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 17, 2025 at 3:14 PM
Authors find no evidence of dollarization or de-dollarization in international debt securities. Rather, the dollar’s share exhibits a wavelike pattern leaving it roughly where it was at the end of Bretton Woods in the 1970s or at the euro’s launch in 2000. www.federalreserve.gov/econres/ifdp...
New #FEDSPaper: LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*: www.federalreserve.gov/econres/feds... #EconSky
LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 15, 2025 at 6:59 PM
New #FEDSPaper: LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*: www.federalreserve.gov/econres/feds... #EconSky
New #FEDSPaper: Rates of return on private and public businesses: www.federalreserve.gov/econres/feds... #EconSky
Rates of return on private and public businesses
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 15, 2025 at 5:44 PM
New #FEDSPaper: Rates of return on private and public businesses: www.federalreserve.gov/econres/feds... #EconSky
During the COVID-19 crisis, large outflows from bond mutual funds disrupted debt markets. The authors show that "funds of funds"-mutual funds that invest in other mutual funds-accounted for a third of those outflows in March 2020. www.federalreserve.gov/econres/feds... #FEDSPaper #EconSky
Funds of Funds' Portfolio Rebalancing during the COVID-19 Crisis
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
December 15, 2025 at 5:05 PM
During the COVID-19 crisis, large outflows from bond mutual funds disrupted debt markets. The authors show that "funds of funds"-mutual funds that invest in other mutual funds-accounted for a third of those outflows in March 2020. www.federalreserve.gov/econres/feds... #FEDSPaper #EconSky