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Financial Development and International Trade

Research from economist Fernando Leibovici explores the industry-level and aggregate implications of financial development on international trade. Read the working paper and look for the forthcoming article in the Journal of Political Economy.

Last updated: 10-18-2021

Beyond the Numbers Conference

The schedule of presentations is now available for the Research Division's biennial fall conference on economics librarianship, data, and information management. 

Last updated: 09-14-2022

Interview with the Innovative FRED Team

Listen to the FRED team as they share the history of their site, their focus on the experiences of FRED users, and their favorite FRED data sets in this recent interview from the St. Louis Fed's Timely Topics podcast.

Last updated: 08-09-2022

Working in the Research Division

B. Ravikumar, Deputy Director of Research, recently took part in a panel discussion hosted by EconJobMarket alongside colleagues from the Fed's Board of Governors and the Justice Department. Watch video clips from the hour-long interview to learn more about our economists' work.

Last updated: 02-03-2022

New PhD Interns Page

A new page showcasing our PhD dissertation interns and their research has been added to the Research Division website. Browse recent workshop agendas and view research projects from the 2021 cohort. 

Last updated: 12-15-2021

New Data Literacy Badges

Our Library Services and Economic Education teams have developed an online professional development program on data literacy for librarians. The program focuses on seven foundational data literacy competencies and uses FRED® data to provide opportunities for hands-on learning.

Last updated: 01-19-2022

Research Highlight: Julian Kozlowski

Economist Julian Kozlowski's paper "Long-Term Finance and Investment with Frictional Asset Markets" has been published in the October 2021 issue of American Economic Journal: Macroeconomics.

Last updated: 10-18-2021

COVID-19 Resources

St. Louis Fed Research has resources related to the COVID-19 pandemic: data, analysis, and an up-to-date timeline of events and policy responses to the outbreak.

Last updated: 02-24-2020

New Additions to the Research Division

Yu-Ting Chiang has joined the Economic Research Division of the Federal Reserve Bank of St. Louis. He received his Ph.D. in economics from the University of Chicago in 2021. His research interests include information economics and macro-finance. Chiang joins other new Research Division colleagues in working to expand the frontier of economic knowledge by producing high-quality original research. 

Last updated: 09-25-2021

Putting Inflation in Context

Inflation has been exceeding the Federal Open Market Committee's 2 percent inflation target. What factors are at play? What are the historical trends? Recent work from our Economic Synopses series and the FRED Blog provide the latest data and details.  

Last updated: 06-25-2021

Connecting Aging with Health Care Spending

As countries develop, they spend a higher fraction of their resources on healthcare: For example. a low-income country spends about 5.3% of its output on healthcare, while a higher-income country spends closer to 7.5% of its output on healthcare. This Economic Synopses essay by Siddhartha Sanghi looks at aging, health care spending, and per capita GDP across countries.

Last updated: 08-01-2022

Using Patents to Track Profit Shifting to Tax Havens

This Economic Synopses essay by Ana Maria Santacreu and Jesse LaBelle show that patent data can give us insights on profit shifting due to multinationals moving intellectual property to tax havens.

Last updated: 08-01-2022

Segregation's Effects on Gaining a College Degree

Many researchers have found that segregation has a negative impact on a range of outcomes for Black children. This essay by Hannah Rubinton and Maggie Isaacson shows that as segregation increases, so does the gap in White and Black students getting college degrees.

Last updated: 08-01-2022

U.S. Labor Force Slow to Rebound

Delve into why many remain outside the labor force even as economic conditions have improved since the start of the COVID-19 pandemic.

Last updated: 09-03-2021

Information in Asset Markets

Economist Oksana Leukhina's new paper explores the macroeconomic implications of imperfect information transmission from banks to investors.

Last updated: 03-22-2021

Extensions to Unemployment Insurance Extended the Duration of Claims

The average duration of unemployment insurance claims was longer in May 2021 than in May 2020.

Last updated: 09-02-2021

Trade Dynamics during COVID-19: Essential Medical Goods

The pandemic induced an increase in the trade of essential medical goods, which accounted for 41.3% of the increase in the U.S. trade deficit.

Last updated: 10-01-2020

An Evolution of Inflation Expectations

How has inflation, and its connection to the real economy, changed over time? Read Page One Economics to learn about the Federal Reserve's most recent statements about its goal of pursuing stable prices. 

Last updated: 07-15-2021

Types of Workers and Unemployment Journeys

New research measures job duration, unemployment duration, time spent in unemployment, and number of jobs for different types of workers.

Last updated: 06-25-2021

Michaud Appointed to Council of Economic Advisers

Amanda Michaud, a senior economist in the Division, has been appointed to the White House Council of Economic Advisers.

Last updated: 02-03-2021

Three Economists Join the Research Division

The Research Division welcomes three new economists to the roster. They join their colleagues in working to expand the frontier of economic knowledge by producing high-quality original research. 

Last updated: 06-02-2020

Research Highlight: David Wheelock

Economist David Wheelock's paper with Matthew Jaremski, "The Founding of the Federal Reserve, the Great Depression, and the Evolution of the U.S. Interbank Network," is out in the March 2020 issue of The Journal of Economic History. 

Last updated: 04-08-2020

New Economist Hire: Hannah Rubinton

Hannah Rubinton has joined the Economic Research Division of the Federal Reserve Bank of St. Louis. She received her Ph.D. in economics from Princeton University in 2020. Her research interests include economic geography, macroeconomics, and trade.

Last updated: 04-27-2020

Recent Economist Hire: Amanda Michaud

Amanda M. Michaud has joined the Economic Research Division of the Federal Reserve Bank of St. Louis as a senior economist. She received her Ph.D. in economics from the University of Minnesota in 2012. Her research interests include labor economics and international macroeconomics. 

Last updated: 04-16-2020

Fiscal Policies for Viral Outbreaks

Economist Bill Dupor outlines principles that should guide a fiscal authority in conducting macroeconomic policy in the event of a rare, unanticipated, severe viral outbreak.

Last updated: 03-18-2020

Business Cycles and Trade

In a working paper, economists David Kohn, Fernando Leibovici, and Hakon Tretvoll compare production, trade, and business cycles across emerging and developed economies. The research is forthcoming in American Economic Journal: Macroeconomics.

Last updated: 01-13-2020

Research Highlight: B. Ravikumar

Economist B. Ravikumar's recent paper with Buly Cardak and Gerhard Glomm, "Majority voting in a model of means testing," will be published in the February 2020 issue of European Economic Review.

Last updated: 01-14-2020

Growing Knowledge in Developing Countries

In a paper recently published in the International Economic Review, Research Economist Alexander Monge-Naranjo constructs a new model to analyze how foreign and domestic firms build knowledge in developing countries. 

Last updated: 11-25-2019

IDEAS Now Indexes 3 Million Economic Research Items

The unique free database of economic research citations hosted by the Research Division has recently passed 3,000,000 research items in its index. 

Last updated: 12-16-2019

Connecting Money, Banking, and Financial Markets

Economists David Andolfatto, Aleksander Berentsen and Fernando M. Martin explore the interplay between three systems central to monetary policy. Read their working paper and look for a forthcoming article in the Review of Economic Studies.

Last updated: 09-26-2019

FRED Adds Sahm Rule Recession Indicators

FRED now has the Sahm Rule recession indicators, created by economist Claudia Sahm, Chief of the Consumer and Community Development Research Section at the Fed's Board of Governors.

Last updated: 10-04-2019

Is Fear Chilling the Economy?

Research economist Julian Kozlowski’s work examines the lingering effects of the Financial Crisis and how we now think about risk: Read his 3-part Economic Synopses essay and look for his deeper analysis in a paper recently accepted to the Journal of Political Economy.

Last updated: 08-16-2019

FRED Data Workshop Welcomes Business Journalists

The St. Louis Fed's signature data site FRED welcomes journalists from the Society for Advancing Business Editing and Writing for a two-day workshop September 19 and 20. 

Last updated: 09-19-2019

Less Moonlight in the Labor Force?

The FRED Blog explores 25 years of data on "moonlighting"—that is, having multiple jobs—and finds some interesting trends about working a full-time plus a part-time job, two part-time jobs, or even two full-time jobs.

Last updated: 09-05-2019

What Do the Markets Hear When the Fed Speaks?

A recent Federal Reserve Bank of St. Louis Review article by Research economist Kevin L. Kliesen, Brian Levine, and Research Director Christopher J. Waller analyzes the impact of Fed communications on key financial market variables.

Last updated: 07-03-2019

FRED Adds Banking Assets and Liabilities Data

FRED has added over 500 data series from the Board of Governors’ statistical publication H.8 Assets and Liabilities of Commercial Banks in the United States

Last updated: 08-19-2019

Paychecks at the Top, at the Bottom, and in the Middle

The FRED Blog looks at graphing BLS Current Population Survey data to see the distribution of income in the U.S. 

Last updated: 08-16-2019

Recent Economist Hire: Serdar Birinci

Serdar Birinci has joined the Economic Research Division of the Federal Reserve Bank of St. Louis. He received his Ph.D. in economics from the University of Minnesota in 2019. His research interests include macroeconomics and labor economics.

Last updated: 07-29-2019