Cleveland

America's industrial heartland, and more

Our focus

Our research focuses on a broad range of regional and national topics important to monetary policy and the nation's economic well-being.

Influential Research and Policy Advice

The Cleveland Fed conducts research on a wide range of topics important to monetary policy, the financial services sector, and the payments system, and has a long history of research and innovation in the field of inflation. Research analysts play a key role by conducting research with economists and supporting the policy process, investigating topics such as:

Income and wealth inequality
Inflation dynamics
Financial crises
Wage growth and unemployment
Cryptocurrencies

Regional Expertise

The Cleveland Fed studies issues of concern to the economic prosperity of its region--Ohio, eastern Kentucky, western Pennsylvania, and the panhandle of West Virginia. The Regional Analysis Group and Community Development Department analyze data, gather insights from contacts throughout the region, and produce analyses of conditions and issues such as the following:

COVID-19
Small business access to credit
Underserved and lower-income individuals and communities
Workforce development, education, and access to jobs
Lead poisoning

Featured Research

"Output-Inflation Trade-offs and the Optimal Inflation Rate"

Takushi Kurozumi and Willem Van Zandweghe. Journal of Economic Dynamics and Control, vol. 164, July 2024.

"Understanding Post-Pandemic Surprises in Inflation and the Labor Market"

Paolo Gelain and Pierlauro Lopez. Economic Commentary 2024-11.

"Nowcasting Inflation"

Edward S. Knotek II and Saeed Zaman. Working Paper WP24-06.

Cleveland District