Skip to Main Content

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 promote the safety and soundness of individual financial institutions and monitor their impact on the financial system as a whole, as well as ensure financial institutions are protecting consumers.
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

Working Papers

These papers are written by Richmond Fed economists, in some cases in collaboration with outside economists. They represent work prepared for later publication or presentation to professional meetings. They are circulated in this series for purposes of discussion and comment. A list of forthcoming and published papers is available on our externally published research page.

August 2024, No. 24-07

Bank Lending Standards and the U.S. Economy

Elijah Broadbent, Huberto M. Ennis, Tyler J. Pike and Horacio Sapriza

August 2024, No. 24-06

Bank Competition and Strategic Adaptation to Climate Change

Dasol Kim, Luke M. Olson and Toan Phan

June 2024, No. 24-05

Do Research Universities Recession Proof Their Regions? Evidence from State Flagship College Towns

Robert Calvert Jump and Adam Scavette

April 2024, No. 24-04

The Impact of Immigration on Firms and Workers: Insights from the H-1B Lottery

Parag Mahajan, Nicolas Morales, Kevin Shih, Mingyu Chen and Agostina Brinatti

April 2024, No. 24-03R

Weathering the Storm: Supply Chains and Climate Risk (Revised May 2024)

Juanma Castro-Vincenzi, Gaurav Khanna, Nicolas Morales and Nitya Pandalai-Nayar

March 2024, No. 24-02

Sectoral Development Multipliers

Francisco Buera and Nicholas Trachter

March 2024, No. 24-01

Real Estate Commissions and Homebuying

Borys Grochulski and Zhu Wang

December 2023, No. 23-13

Dealer Costs and Customer Choice

Lucas B. Dyskant, André C. Silva and Bruno Sultanum

November 2023, No. 23-12

Heterogeneous Districts, Interests, and Trade Policy

Kishore Gawande, Pablo M. Pinto and Santiago Pinto

November 2023, No. 23-11

Disincentive Effects of Unemployment Insurance Benefits

Andreas Hornstein, Marios Karabarbounis, André Kurmann, Etienne Lalé and Lien Ta

Contact Us

Katrina Mullen (804) 697-8145