Research Working Papers

Working papers covering a wide range of economic topics, including monetary policy, payment methods, banking and more.

Recent Papers

Research Working Paper

The Size of U.S. Metropolitan Areas

We delineate U.S. metropolitan areas that more closely match common perceptions of their boundaries.

May 24, 2021
Research Working Paper

Local Projections, Autocorrelation, and Efficiency

A more accurate estimator of causal effects may help economists better evaluate how monetary policy affects the economy.

March 25, 2021
Research Working Paper

The Financial Market Effects of Unwinding the Federal Reserve's Balance Sheet

The gradual unwinding of the Federal Reserve's balance sheet from 2017 to 2019 tightened financial conditions.

January 4, 2021
Research Working Paper

Minimum Wage Increases and Vacancies

Minimum wage increases in 2005–18 led to declines in vacancy postings among occupations with wages at or near the minimum wage.

December 30, 2020
Research Working Paper

Market Integration and Bank Risk-Taking

Increased bank competition from market integration affects banks’ risk-taking behavior in multiple ways.

December 30, 2020
Research Working Paper

Mining for Oil Forecasts

Forecasting oil market outcomes remains a challenge even with novel text-based analysis.

December 23, 2020

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