Recent Research

Small Business Loans Trend Upward as Interest Rates Continue to Rise

By Christi May-Oder, Assistant Vice President and Neil Carpenter, Senior Supervisory Analyst*
October 01, 2018 | Small Business Lending Survey
Small business lending conditions were stable in the second quarter of 2018. Respondents to the Federal Reserve’s Small Business Lending Survey (FR 2028D) indicated that outstanding small business loans and new originations in the second quarter increased slightly from the first quarter. While credit line usage remained relatively unchanged, interest rates on small business commercial and industrial (C&I) loans continued to rise amid reports of some tighter lending terms.

LMCI suggest the level of activity increased modestly and momentum remained high in August

September 12, 2018 | Labor Market Conditions Indicators
Activity increased modestly and momentum remained high in August.

How Much Would China’s GDP Respond to a Slowdown in Housing Activity?

By Thomas R. Cook , Jun Nie and Aaron Smalter Hall
September 12, 2018 | The Macro Bulletin
China’s GDP has become more sensitive to declines in real estate activity and housing-related construction.

The Cyclical Behavior of Labor Force Participation

By Didem Tuzemen and Willem Van Zandweghe
September 07, 2018 | Research Working Paper
Understanding the cyclical behavior of labor force participation can provide insight into the nature of unemployment fluctuations.

Effects of State Taxation on Investment: Evidence from the Oil Industry

By Jason P. Brown, Peter Maniloff and Dale T. Manning
September 05, 2018 | Research Working Paper
The drilling response to a change in tax paid per barrel of oil is inelastic, implying that a decrease in the tax rate per barrel typically leads to decreases in state tax revenue.

Economic Review

Mapping Stress in Agricultural Lending

By Cortney Cowley
September 05, 2018 | Economic Review
Stress in agricultural lending, measured by repayment rates for farm loans, spiked across the Tenth District in 2016.

Energy investment variability within the macroeconomy

By David Rodziewicz
August 22, 2018 | Economic Review
U.S. investment has become more variable due to both increased energy investment and an increased concentration of investment in more volatile segments of the energy sector.

The Widening Divide in Business Turnover between Large and Small Urban Areas

By Jason P. Brown
August 07, 2018 | Economic Review
Business turnover has declined much more sharply in small urban areas than in large ones.

Who Are the Unbanked? Characteristics Beyond Income

By Fumiko Hayashi and Sabrina Minhas
June 21, 2018 | Economic Review
Low-income households without internet access are much more likely to be unbanked than those with internet access.

Bank Financial Restatements and Market Discipline

By W. Blake Marsh and Raluca A. Roman
May 15, 2018 | Economic Review
Bank shareholders and depositors exert market discipline on banks that misreport financial statements.
Read more Economic Review articles

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Jackson Hole Economic Policy Symposium

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About the Symposium | Archive

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