The Federal Reserve Bank of San Francisco’s Economic Research Department conducts extensive research on topics that help inform monetary policy decisions.
Core research areas are macroeconomics, microeconomics, including national and local labor markets and price dynamics, international developments, and domestic and global financial conditions. The emphasis is on research that informs our understanding of labor markets, inflation, growth, and financial conditions, with most research centered on topics that have direct implications for the U.S. macroeconomy.
Research is widely disseminated in various forms including leading peer-reviewed scholarly journals, as well as Economic Letters and data & indicators pages. The department also hosts the Center for Monetary Research and the Center for Pacific Basin Studies.
Our Research
Serving the public with innovative research and analysis
Brief summaries of SF Fed economic research, intended to explain in reader-friendly terms what our work means for the people we serve
Timely analysis on the current economy, economic developments, and the outlook
Academic research by SF Fed economists and affiliates intended for publication in scholarly journals
Regularly updated data sets related to specific research by SF Fed economists
Publications in
Outside Journals
Work by SF Fed staff economists published in academic journals
An interactive tool that allows easy access to labor market and inflation data
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Featured Economic Letters
Research Spotlight
Take a look at some of the recent highlights from the Economic Research Department
Center for Monetary Research
Research and tools for understanding the links between monetary policy, financial markets, and the macroeconomy
Center for Pacific Basin Studies
Insight and analysis on economic policy issues affecting the Pacific Basin
Featured Economists
Meet our economists, visiting researchers, and management team.
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Explore Archive
Rohit Garimella, Simon Kwan, Thomas Mertens
Oscar Jorda, Maria Dolores Gadea
Òscar Jordà, Sanjay R. Singh
John Fernald, Amit Gandhi, Dimitrije Ruzic, James Traina
Michael Bauer, Travis Berge, Giuseppe Fiori, Francesca Loria, Molin Zhong
Joshua Blonz, Brigitte Roth-Tran, Sarah Siegel, Erin Troland, Cindy Zhao
Sophia Cho, Thomas Mertens, John Williams