We produce a wide range of publications that share the latest data, analysis, and insights from various teams at the SF Fed. Our publications help inform and strengthen public understanding of economic issues and its impact on people and communities.
Economic Research Publications
FRBSF Economic Letter >
Economic analysis for general audiences
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How Much Are Banks Exposed to Trade Policy Changes?
Banks may be indirectly exposed to trade policy through lending and through the broader effects of trade on the economy. Analysis finds that exposure to recent trade shocks was concentrated in large banks, including the six largest U.S. banks with strong ties to the global financial system. The cost of insuring large banks against default jumped following the April 2025 U.S. tariff announcement, indicating that investors perceived a higher risk of failure. This implies that future trade shocks could raise the risk of financial stress as assessed by market participants.
SF FedViews >
Analysis of current economic developments and the outlook
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SF FedViews: October 16, 2025
Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of October 16, 2025.
Working Papers >
The latest in economic research
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Market Power and the Heterogeneous Pass-through of Corporate Taxes to Consumer Prices
We study the pass-through of corporate taxes into consumer prices, leveraging 1,058 municipal tax rate changes affecting 4,754 German firms. A 1 p.p. increase in a producer’s tax rate raises retail prices by 0.3% on average, consistent with imperfectly competitive producers. Product-level pass-through varies substantially, as it increases in destination-specific product and retailer-category market shares. […]
Community Engagement and Analysis Publications
Community Development Research Briefs >
Research briefs feature data and commentary on community development trends and issues.
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Understanding the Employment Patterns of Workers in Low- and Moderate-Income Households
This brief provides insights into the employment patterns and makeup of the workforce, including those in lower-income households, who account for nearly 30% of the nation’s workers. It also explores shifts in the number and makeup of workers in lower-income households over the past decade, reflecting broader changes in the labor market.
Community Development Working Papers >
Working papers provide in-depth analysis of emerging community development issues from practitioners and scholars.
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Housing Market Interventions and Residential Mobility in the San Francisco Bay Area
Limited evaluation research exists on which housing solutions are most effective in stabilizing communities so that those who wish to stay are able to do so in the midst of an influx of newcomers. This study seeks to fill this gap by assessing patterns of individual and household mobility related to specific housing interventions in the nine-county San Francisco Bay Area. Specifically, this study examines impacts of market-rate and subsidized development, and tenant protections, including rent stabilization and just cause for evictions protections.