Using administrative data from France, we document that within the same detailed occupation, industry, and commuting zone, ...

Understanding housing demand dynamics through two indicators, income growth and population growth, provides important ...

Recessions are periods where the labor market deteriorates rapidly. Supporting business conditions to prevent such deterioration is a core objective of policymakers. In this paper we construct a labor ...

We document evidence of a U-shaped relationship between financial development and the adjustments of foreign exchange (FX) reserve holdings in response to a U.S. interest rate increase. Countries with ...

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 ...

This paper introduces the U.S. Monetary Policy Event-Study Database (USMPD), a novel, public, and regularly updated dataset of financial market data around Federal Open Market Committee (FOMC) policy ...

Robert G. Valletta is senior vice president and associate director of research in the Economic Research Department of the Federal Reserve Bank of San Francisco.

In the past two decades, a number of banks joined global initiatives aimed at mitigating climate change by “greening” their asset portfolios. We study whether banks that made such commitments have ...

The pace of job growth cooled through mid-2025, while the unemployment rate rose relatively little. This seeming puzzle is explained by an even stepdown of labor supply and demand, meaning slowing ...

Labor force participation among U.S. men and women ages 25 to 54 has been declining for nearly 20 years, a stark contrast with rising participation in Canada over this period. Three-fourths of the ...

What is the contribution of changes in female labor supply to the decline of employment in routine jobs observed in the U.S. between 1970 and 2000? While typically attributed to changes in labor ...

The Daily News Sentiment Index is a high frequency measure of economic sentiment based on lexical analysis of economics-related news articles. The index is described in Buckman, Shapiro, Sudhof, and ...