Enter search term Search
About Us
We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

Learn more about our bank >
Banking & Supervision
We work to support a safe and sound financial system and foster an efficient and accessible payments system.
Economic Research
We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

Learn more about Economic Research >
Region & Communities
We share research, data and resources and regularly engage regional leaders and policymakers to understand and address community‑specific economic issues.
- Our Region
Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

Learn more about our resources and educational programs. >
- Resources & Programs
- Economic Education Outreach
- Events
- Our Team

Economic Quarterly

Winter 2009

Problems for a Fundamental Theory of House Prices

Andreas Hornstein

Winter 2009

Indeterminacy from Inflation Forecast Targeting: Problem or Pseudo-Problem?

Bennett T. McCallum

Winter 2009

Semiparametric Estimation of Land Price Gradients Using Large Data Sets

This article outlines a semiparametric method to construct the land price surface given a large set of residential property sales, and investigates properties of this surface in Richmond, Virginia, and three surrounding counties.

Kevin A. Bryan and Pierre-Daniel G. Sarte

Winter 2009

Consumption Smoothing and the Measured Regressivity of Consumption Taxes

Kartik B. Athreya and Devin Reilly

Lisa Davis