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Economic Brief

Economic Brief masthead

Our latest research on these topics

Monetary Policy and Inflation
Education and Labor Markets
Economic Growth and Fiscal Policy
Regional and Urban Economics
Banking and Finance

Featured

Close up of businessman aiming at the part of the contract that should be signed.

Article

Banks' Credit Lines to Nonbank Mortgage Companies and Downstream Mortgage Originations

Economic Brief

October 2025, No. 25-38

By Alessandro Rebucci, Horacio Sapriza, Alex Sclip and Daniel te Kaat

Banks continued to compete with NMCs in the downstream mortgage origination market, despite financing competing NMCs.

Stacked wooden blocks with a red arrow trending downwards on the left and a green arrow trending upwards on the right.

Article

What Drives Business Cycles?

Economic Brief

October 2025, No. 25-37

By Liyu Dou, Paul Ho and Thomas A. Lubik

Trying to identify single causes of individual business cycles is fraught with misattribution problems.

Monetary Policy and Inflation

Article

Job applicants waiting in a line of chairs as they review their notes.

August 2025, No. 25-32

Marios Karabarbounis

How to Gauge Maximum Employment

Article

A jar of pennies sitting on top of a pile of pennies.

July 2025, No. 25-27

Zhu Wang and Russell Wong

Rounding Up: The Impact of Phasing Out the Penny

Article

A man holds a virtual world map with person icons representing people's data spread throughout the globe.

June 2025, No. 25-25

Katherine Anderson, Paul Ho and Nathan Robino

Economic Effects Everywhere All at Once

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Education and Labor Markets

Article

Kitchen employee sweeping around their station.

September 2025, No. 25-36

Katarína Borovičková and Claudia Macaluso

Do Federal Layoffs Have Ripple Effects on Local Economies?

Article

Job applicants waiting in a line of chairs as they review their notes.

August 2025, No. 25-32

Marios Karabarbounis

How to Gauge Maximum Employment

Article

City hall building made of sandstone bricks.

July 2025, No. 25-28

Santiago Pinto and Sonya Ravindranath Waddell

Impacts of Government Spending Changes on Local Economies

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Economic Growth and Fiscal Policy

Article

A speaker presenting his paper to fellow economists at CORE Week.

September 2025, No. 25-34

Richard Rogerson

Goodfriend Memorial Lecture: Productivity and Structural Change

Article

Job applicants waiting in a line of chairs as they review their notes.

August 2025, No. 25-32

Marios Karabarbounis

How to Gauge Maximum Employment

Article

Construction foremen in high visibility wear and helmets evaluating glass windows.

August 2025, No. 25-31

Five Decades of Decline: U.S. Construction Sector Productivity

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Regional and Urban Economics

Article

Close-up on a client looking at a house brochure at a real estate showing.

September 2025, No. 25-35

Borys Grochulski and Zhu Wang

How Exclusive Homebuyer Representation Contracts Help Keep Commissions High

Article

Lender going over mortgage agreement with a homebuyer.

August 2025, No. 25-33

Daniel te Kaat, Alessandro Rebucci, Horacio Sapriza and Alex Sclip

Bank Liquidity and Financing of Nonbank Mortgage Companies

Article

Moving van full of boxes and furniture in front of a house.

May 2025, No. 25-19

John Bailey Jones, Yue Li and Urvi Neelakantan

Why Is Geographic Mobility Declining?

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Banking and Finance

Article

Lender going over mortgage agreement with a homebuyer.

August 2025, No. 25-33

Daniel te Kaat, Alessandro Rebucci, Horacio Sapriza and Alex Sclip

Bank Liquidity and Financing of Nonbank Mortgage Companies

Article

A jar of pennies sitting on top of a pile of pennies.

July 2025, No. 25-27

Zhu Wang and Russell Wong

Rounding Up: The Impact of Phasing Out the Penny

Article

Graphic illustrating the concept of the interconnected over-the-counter market model.

July 2025, No. 25-26

Lindsay Li and Nicholas Trachter

How Private Information Distorts OTC Market Outcomes

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