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Research Spotlight

  • Why Labor Force Participation Rates for Prime-Age Men Have Been Declining for Generations: Read Our Working Paper

    What is driving the long-term increase in prime-age men’s labor force nonparticipation? Comparing the experiences of four generations of prime-age men shows that prolonged continuing education explains a big portion of the nonparticipation gap for younger Millennials relative to earlier generations. Additionally, changes in skills mismatch and family caretaking needs play an important role at […]

  • West Coast Workshop in International Finance: Agenda

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    The Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco and the Department of Economics at Santa Clara University are co-organizing the West Coast Workshop in International Finance on April 4, 2025, at Santa Clara University. The Workshop Agenda is now available, featuring topics on international economies, trade, central bank interventions, […]

  • Economic Letter Video: Pandemic-Era Demand Squeezed Housing Inventories

    Watch our Economic Letter video with John Mondragon, research advisor, to learn more about the shifts in housing demand during and since the pandemic.

  • Regional Data Page Shows How Economy Varies Across the U.S.

    How much variation in labor market conditions and inflation rates is there at the sub-national level? Our new data page, Regional Indicators for Labor Markets and Prices, maps out labor market, price, and earnings data across the country.

  • Asia Economic Policy Conference 2025: Call for Papers

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    The Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco will hold its 2025 Asia Economic Policy Conference on November 20-21, 2025, in San Francisco. Researchers can submit papers for consideration by March 31, 2025. Read our Call for Papers for more details.

  • West Coast Workshop in International Finance: Call for Papers

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    Researchers are invited to submit papers for the West Coast Workshop in International Finance by Monday, January 13. The workshop will be hosted by SF Fed’s Center for Pacific Basin Studies and the Department of Economics at Santa Clara University on April 4, 2025, at Santa Clara University.

  • Economic Letter Video: Productivity During and Since the Pandemic

    Economists John Fernald and Huiyu Li, in partnership with research associates Brigid Meisenbacher and Aren Yalcin, find that the surge in U.S. labor productivity growth during the pandemic and its subsequent decline as the economy recovered follows a recurring pattern in which U.S. productivity growth rises temporarily during recessions but eventually returns to its longer-run trend. These patterns suggest that productivity growth has a systematic relationship with the business cycle.

  • Economic Letter Video: How Much Has the Cooling Economy Reduced Inflation?

    Economists Regis Barnichon and Adam Shapiro find that recent inflation dynamics can be at least partially explained by patterns of excess demand in the economy. In this Economic Letter video, Adam discusses how specific measurements of labor market tightness are among the strongest gauges of excess demand for forecasting inflation.

  • Immigration Surge Has Slowed: Updated Estimates of Net International Migration

    Updated analysis using new and revised data suggests that the flow of immigrants entering the United States has slowed but remains above historical trends.

  • A Deep Dive into the Drivers of CPI Inflation: Introducing Our New Data Page

    Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of and contributions to inflation using the consumer price index. Read more in the SF Fed Blog.