Differences in prices for consumer goods and services across states have been increasing since the early 2010s. Those ...

Monetary policy is forward-looking and dependent on policymakers’ economic outlook. When the outlook is deemed highly ...

The Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco and the Department of Economics at Santa ...

The Federal Reserve Bank of San Francisco, the Lam-Larsen Fintech Initiative at San Francisco State University, and the Center for Analytical Finance at the University of California at Santa Cruz are ...

Changes in overall economic conditions may affect real household income levels and also how income is distributed across households. Analysis using annual data from 1967 to 2023 shows that the adverse ...

Lack of access to homeownership options is a barrier to participation in the economy for low- and moderate-income communities. While homeownership is the primary form of wealth accumulation in the U.S ...

Housing prices surged as housing inventories dropped to historically low levels in the first two years following the onset of the pandemic. In our Economic Letter, “Pandemic-Era Demand Squeezed ...

Differences in prices for consumer goods and services across states have been increasing since the early 2010s. Those differences accelerated during the pandemic and the subsequent inflation surge.

Internal migration has been cited as a key channel by which societies will adapt to climate change. We show in this paper that this process has already been happening in the United States. Over the ...

An open economy structural vector autoregressive (SVAR) model is developed for Belize with the objective of identifying the main factors behind the volatility in output growth. A MarkovSwitching VAR ...