Combining historical economic and meteorological data makes it possible to estimate the economic impacts of El Niño episodes.

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 ...

From early 2021 through early 2024, the U.S. experienced an unprecedented boom in unauthorized immigration, with substantial heterogeneity across local economies. Using administrative microdata, we ...

Economic activity in the Twelfth District was broadly steady during the mid-August through September reporting period. Employers generally maintained employment levels and increased wages slightly.

Despite their potentially major impacts, little is known about how El Niños impact the U.S. economy. El Niños are distinct from other commonly studied weather shocks because they are a global ...

How does monetary policy impact banks’ lending behavior when interest rate changes revalue their securities? Detailed supervisory data show that banks with larger losses on securities during the ...