SF Fed Visitng Scholar Scott Allard and Assistant Vice President of Community Development Research Elizabeth Kneebone discuss the importance of job proximity, especially for lower-income workers, and ...

As a community-engaged bank, the SF Fed seeks out real-time information on economic conditions by engaging with and learning from businesses, community organizations, and local leaders. These ...

Shelter costs are one of the largest expenses for most households and an important component of overall inflation. It is therefore important to understand why shelter costs have remained stubbornly ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...

While it is too early to know the exact path of policy, President Daly underscored that “the time to adjust policy is upon us.” Watch the interview. Photo Credit: David Paul Morris/Bloomberg The ...

We provide novel empirical evidence that firms’ investment is more responsive to monetary policy when a higher fraction of their debt matures. In a heterogeneous firm New Keynesian model with ...

Inference for impulse responses estimated with local projections presents interesting challenges and opportunities. Analysts typically want to assess the precision of individual estimates, explore the ...

In our Economic Letter, “Pandemic-Era Liquid Wealth Is Running Dry,” we look at the accumulation of “extra” liquid wealth by U.S. households during the pandemic and its eventual depletion. By late ...

Being a research associate (RA) at the San Francisco Fed means getting a chance to work with economists doing exceptional research and policy work. We are currently accepting applications and are ...

Communities and businesses play a crucial role in shaping the Federal Reserve’s monetary policy. To inform our decision-making, the San Francisco Fed hosts discussions with the people we serve so we ...

In our recent Economic Letter on “Breakeven Employment Growth,” we look at population projections from the Census Bureau and the Congressional Budget Office to estimate the short-term and long-term ...