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Shopping, Near and Far

Local Commerce in the Digital Age

Cover of the report 'Shopping, Near and Far'

Over the past decade, rapid urbanization, combined with the advent of online commerce, has made it more difficult to understand dynamics of the modern American economy, especially at the local level. The sustained shift in many product markets from traditional brick-and-mortar stores toward online merchants and the impact of that shift on consumers and merchants requires high-frequency economic measurement and analysis.

For this study, we expanded the JPMorgan Chase Institute’s lens on local commerce, leveraging 4 billion credit and debit card transactions from nearly 7.7 million customers to provide an unprecedented view of the online economy in the US. This study anchors on the location of the consumer and allows us to better understand online commerce and how it has grown, who has driven that growth, and how it has impacted brick-and-mortar merchants.

View the Report   Shopping, Near and Far

On the Rise: Out-of-Pocket Healthcare Spending in 2017

In this new report, we describe the enhancements to, and key findings from, the updated JPMCI Healthcare-Out-of-Pocket Spending Panel that includes the first available estimates of 2017 healthcare out-of-pocket spending trends, as well as a first-ever look at year-over-year trends at the state and county level for different demographic groups. We also reflect these updates in interactive HOSP Geographic Data Visualization tool, which allows exploration of further detail and insights.

View the Report  “On the Rise” View the Data Visualization  “for HOSP”

Does the Timing of Central Bank Announcements Matter?

Swiss Franc

This follow-up report builds on FX Markets Move on Surprise News, focusing on hedge fund trading during the Swiss National Bank’s (SNB) Minimum Exchange Rate policy period to highlight implications for central banks as they consider how their choices with respect to communicating policy changes might impact financial market stability.

Read the Insight about the hedge fund trading in EUR/CHF during the Minimum Exchange Rate policy period.


Estimating Family Income from Administrative Banking Data: A Machine Learning Approach

JPMorgan Chase Conference Panel

The JPMorgan Chase Institute (JPMCI) developed a machine-learning based estimate of family income to enable deeper insights and improved representation in our research. In this new report, we describe our approach and results.

Read the Insight  “JPMorgan Chase Institute 2018 Inaugural Conference on Economic Research”


Falling Behind: Bank data on the Role of Income and Savings in Mortgage Default

Income Shocks and Mortgage Default

In this follow-up research to our Mortgage Modifications after the Great Recession report, we further examine the relationship between income shocks and mortgage default, as well as the relationships between financial buffers, income, payment burden, and default rates.

Read the Report  “Falling Behind: Bank data on the Role of Income and Savings in Mortgage Default”


Spotlight: Profiles of Local Consumer Commerce

It’s time to use hard data and smart insights to address the complex problems that affect us all.

That’s why we established the JPMorgan Chase Institute.

The JPMorgan Chase Institute aims to help decision makers – policymakers, businesses, and nonprofit leaders – appreciate the scale, granularity, diversity, and interconnectedness of the global economic system and use better facts, timely data and thoughtful analysis to make smarter decisions to advance global prosperity.

Learn more about the JPMorgan Chase Institute