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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.

November 2025, No. 25-12

An econometric framework that can jointly leverage identification strategies from the applied microeconometric toolkit and identification assumptions from the macro/time series literature exploits both time series and crosssectional variation to identify aggregate macroeconomic effects as well as idiosyncratic effects of identified shocks.

Fifth District Surveys of Manufacturing and Non-Manufacturing Activity

October 28, 2025

Manufacturing activity slowed in October while non-manufacturing activity was flat.

Core Week logo

Since 2021, the Collaboration of Research Economists (CORE) model has combined frontier research and an innovative delivery method to advance collaboration within the economics profession. Economists from a range of disciplines join with Richmond Fed economists eight times per year for seminars, collaboration, and formal and informal networking — all with an eye toward advancing economic research.

Our Careers
Being a Research Associate at the Richmond Fed

Research Associates help the Richmond Fed's economists with their research and policy memos for briefing the Bank's president on the state of the economy. For recent graduates thinking about applying to a Ph.D. program, this position is an ideal way to learn more about academic economic research.