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FRBSF Economic Letter

1973 - 2026

From Federal Reserve Bank of San Francisco
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2026, volume 2026, articles 21

Financial Markets, Oil Prices, and Supply-Side Risks pp. 6 Downloads
Thomas Mertens and Wesley Wasserburger

2026, volume 2026, articles 20

Job-Finding Anomalies of the Current Expansion pp. 6 Downloads
Ingrid Chen, Marianna Kudlyak and Riva Mikhlin

2026, volume 2026, articles 19

Firms’ Inflation Expectations During the Pandemic-Era Surge pp. 6 Downloads
Ina Hajdini, Simar Malhotra and Timo Reinelt

2026, volume 2026, articles 18

Using Inflation Shock Patterns to Help Forecast Inflation pp. 6 Downloads
Kevin Lansing and Adam Shapiro

2026, volume 2026, articles 17

Calibrating Monetary Policy pp. 5 Downloads
Régis Barnichon and Aayush Singh

2026, volume 2026, articles 16

Central Bank Bond Purchases and the Price of Safety pp. 5 Downloads
Jens Christensen, Nikola Mirkov and Xin Zhang

2026, volume 2026, articles 15

How Labor Force Participation Has Diverged Across Genders pp. 6 Downloads
Greeshma Avaradi, Andreas Hornstein, Taerin Kim and Marianna Kudlyak

2026, volume 2026, articles 14

Have We Entered an Era of High Productivity Growth? pp. 5 Downloads
Hamza Abdelrahman and Andrew Foerster

2026, volume 2026, articles 13

Is Optimism for Artificial Intelligence Boosting Investment? pp. 6 Downloads
Aakash Kalyani and Huiyu Li

2026, volume 2026, articles 12

AI-Powered Algorithmic Pricing and Monetary Policy pp. 5 Downloads
Greeshma Avaradi, Zheng Liu and Steven Zhao

2026, volume 2026, articles 11

What Do Financial Officers Predict for Price Growth? pp. 6 Downloads
Stephie Fried, Tobin Graf, Simar Malhotra and Sanjay Singh

2026, volume 2026, articles 10

Regionalism at the Federal Reserve: Many Voices, One Purpose pp. 5 Downloads
Mary Daly

2026, volume 2026, articles 09

Monetary Policy Through the Lens of Market-Based Inflation pp. 6 Downloads
Sylvain Leduc and Luiz E. Oliveira

2026, volume 2026, articles 08

Fed Communications and Inflation Expectations pp. 6 Downloads
Michael Bauer and Wesley Wasserburger

2026, volume 2026, articles 07

The Effects of Tariffs on the Components of Inflation pp. 6 Downloads
Naomi Halbersleben, Oscar Jorda and Fernanda Nechio

2026, volume 2026, articles 06

The AI Moment? Possibilities, Productivity, and Policy pp. 8 Downloads
Mary Daly

2026, volume 2026, articles 05

Unauthorized Immigration Effects on Local Labor Markets pp. 5 Downloads
Daniel Wilson and Xiaoqing Zhou

2026, volume 2026, articles 04

Is the PPPLF Still Encouraging Small Business Lending? pp. 5 Downloads
Lora Dufresne and Mark Spiegel

2026, volume 2026, articles 03

Housing Affordability and Housing Demand pp. 5 Downloads
Schuyler Louie, John Mondragon, Rami Najjar and Johannes Wieland

2026, volume 2026, articles 02

The Recent Slowdown in Labor Supply and Demand pp. 6 Downloads
Leila Bengali, Ingrid Chen, Addie New-Schmidt and Nicolas Petrosky-Nadeau

2026, volume 2026, articles 01

What Can History Tell Us About Tariff Shocks? pp. 5 Downloads
Régis Barnichon and Aayush Singh

2025, volume 2025, articles 30

The Changing Sensitivity of Interest Rates to Oil Supply News pp. 5 Downloads
Wataru Miyamoto, Rami Najjar, Thuy Lan Nguyen and Dmitriy Sergeyev

2025, volume 2025, articles 29

The Economic Effects of Tariffs pp. 6 Downloads
Naomi Halbersleben, Oscar Jorda and Fernanda Nechio

2025, volume 2025, articles 28

Immigration and Changes in Labor Force Demographics pp. 6 Downloads
Evgeniya A. Duzhak and Addie New-Schmidt

2025, volume 2025, articles 27

Modern Central Banking: Monetary Policy Implementation and Communication pp. 6 Downloads
Mary Daly

2025, volume 2025, articles 25

Signs of Cyclical Weakness in Part-Time Employment? pp. 6 Downloads
Greeshma Avaradi, Stephie Fried and Tobin Graf

2025, volume 2025, articles 24

Measuring Labor Market Similarities in Nearby Regions pp. 6 Downloads
Leila Bengali and Cheikh Fall

2025, volume 2025, articles 23

Market Reactions to Tariff Announcements pp. 6 Downloads
Rohit Garimella, Simon Kwan and Thomas Mertens

2025, volume 2025, articles 22

Steady Through Change: In Policy, Business, and Life pp. 4 Downloads
Mary Daly

2025, volume 2025, articles 21

Industry Decline and Household Finances pp. 6 Downloads
Joshua Blonz, Brigitte Roth Tran, Sarah Siegel, Erin Troland and Cindy Zhao

2025, volume 2025, articles 20

Will Trade Uncertainty Boost Automation? pp. 6 Downloads
Deepika Baskar Prabhakar, Hamid Firooz, Sylvain Leduc and Zheng Liu

2025, volume 2025, articles 19

Tracking Labor Market Stress pp. 6 Downloads
Rohit Garimella, Oscar Jorda and Sanjay Singh

2025, volume 2025, articles 18

Tracking Business Sentiment in the Western United States pp. 6 Downloads
Hamza Abdelrahman, Luiz E. Oliveira and Aditi Poduri

2025, volume 2025, articles 16

The Economic Implications of Tariff Increases pp. 5 Downloads
Caroline M. Paulson, Aditi Poduri, Aayush Singh and Mauricio Ulate
The Zero Lower Bound Remains a Medium-Term Risk pp. 6 Downloads
Sophia Cho, Thomas Mertens and John Williams

2025, volume 2025, articles 15

Dynamic Central Bank Communication pp. 6 Downloads
Mary Daly

2025, volume 2025, articles 14

Is Demand or Supply More Important for Inflation? pp. 6 Downloads
Kevin Lansing

2025, volume 2025, articles 13

Do Local Economic Conditions Influence FOMC Votes? pp. 5 Downloads
Anton E. Bobrov, Rupal Kamdar, Caroline M. Paulson, Aditi Poduri and Mauricio Ulate

2025, volume 2025, articles 12

The Effects of Tariffs on Inflation and Production Costs pp. 6 Downloads
Bart Hobijn and Fernanda Nechio

2025, volume 2025, articles 11

A Rising Star: The Natural Interest Rate in the Euro Area pp. 6 Downloads
Jens Christensen and Sarah Mouabbi

2025, volume 2025, articles 10

Underlying Trends in the U.S. Neutral Interest Rate pp. 6 Downloads
Carlos Carvalho, Andrea Ferrero, Felipe Mazin and Fernanda Nechio

2025, volume 2025, articles 09

Assessing the Recent Rise in Unemployment pp. 6 Downloads
Greeshma Avaradi, Marianna Kudlyak, Brandon E. Miskanic and David Wiczer

2025, volume 2025, articles 08

The Changing Disparity in Prices Across States pp. 6 Downloads
Sabrina J. Considine and Andrew Foerster

2025, volume 2025, articles 07

Do Low Survey Response Rates Threaten Data Dependence? pp. 5 Downloads
Sylvain Leduc, Luiz E. Oliveira and Caroline M. Paulson

2025, volume 2025, articles 05

Current Perceptions About Monetary Policy pp. 6 Downloads
Michael Bauer, Carolin Pflueger and Adi Sunderam

2025, volume 2025, articles 04

What’s Driving Labor Force Participation Among Women? pp. 5 Downloads
Deepika Baskar Prabhakar, Sabrina J. Considine, Brandon E. Miskanic and Nicolas Petrosky-Nadeau

2025, volume 2025, articles 3

Does Monetary Policy Tightening Reduce Inflation? pp. 6 Downloads
Rami Najjar and Adam Shapiro

2025, volume 2025, articles 02

Ben Bernanke: Solving a Crisis, Changing the Fed pp. 7 Downloads
Mary Daly

2025, volume 2025, articles 01

Pandemic-Era Demand Squeezed Housing Inventories pp. 6 Downloads
Valeska Fresquet Kohan, John Mondragon and Adam Shapiro

2024, volume 2025, articles 06

The Ups and Downs of Household Income pp. 6 Downloads
Deepika Baskar Prabhakar and Robert Valletta
Page updated 2026-08-18