Economic Review

1975 - 2025

From Federal Reserve Bank of Kansas City
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Risks of identity theft: Can the market protect the payment system? pp. 5-40: Stacey Schreft
Industrial loan companies: a growing industry sparks a public policy debate pp. 41-71: Eric Robbins and Kenneth Spong
How useful is Okun's law? pp. 73-103: Edward Knotek
Booms and busts: the case of subprime mortgages pp. 105-113: Edward Gramlich
Rising foreclosures in the United States: a perfect storm pp. 115-145: Kelly Edmiston and Roger Zalneraitis

The role of money in monetary policy: why do the Fed and ECB see it so differently? pp. 5-36: Scott Benolkin and George Kahn
Work and taxes: allocation of time in OECD countries pp. 37-58: Lee Ohanian, Andrea Raffo and Richard Rogerson
The Tenth District's defining industries: how are they changing? pp. 59-81: Chad Wilkerson and Megan Williams
Nonbanks in the payments system: innovation, competition, and risk - a conference summary pp. 83-106: Richard Sullivan and Zhu Wang

Risk management and nonbank participation in the U.S. retail payments system pp. 5-40: Richard Sullivan
A guide to aggregate house price measures pp. 41-71: Jordan Rappaport
The role of small and large businesses in economic development pp. 73-97: Kelly Edmiston

What happened to the gains from strong productivity growth? pp. 5-23: Jonathan Willis and Julie Wroblewski
Communicating a policy path: the next frontier in central bank transparency? pp. 25-51: George Kahn
Will energy markets refuel the rural economy? pp. 53-74: Maria Akers and Jason Henderson

Middle-income tax rates: trends and prospects pp. 5-30: Troy Davig and C. Alan Garner
Minority workers in the Tenth District: rising presence, rising challenges pp. 31-59: Chad Wilkerson and Megan Williams
Shifts in economic geography and their causes pp. 61-85: Anthony Venables

Going global: the changing pattern of U.S. investment abroad pp. 5-32: Marcela Meirelles Aurelio
Migration in the Tenth District: long-term trends and current developments pp. 33-74: William R. Keeton and Geoffrey B. Newton
Interchange fees in Australia, the UK, and the United States: matching theory and practice pp. 75-112: Fumiko Hayashi and Stuart E. Weiner

Should the decline in the personal saving rate be a cause for concern? pp. 5-28: C. Alan Garner
Liquidity risk premia and breakeven inflation rates pp. 29-54: Pu Shen
A new perspective on rising nonbusiness bankruptcy filing rates: analyzing the regional factors pp. 55-83: Kelly Edmiston

Social Security and Medicare: the impending fiscal challenge pp. 7-41: Craig Hakkio and Elisha J. Wiseman
The trend growth rate of employment: past, present, and future pp. 43-85: Todd Clark and Taisuke Nakata
Interchange fees in credit and debit card markets: what role for public authorities pp. 87-113: Barbara Pacheco and Richard Sullivan
Rethinking federal policy for regional economic development pp. 115-142: Mark Drabenstott
A robust rural economy in 2006? pp. 143-159: Jason Henderson

The Greenspan era: lessons for the future: a summary of the Bank's 2005 Economic Symposium pp. 35-45: George Kahn
Jobless recoveries and the wait-and-see hypothesis pp. 81-99: Ashley Hodgson, Stacey Schreft and Aarti Singh

What caused the Great Moderation?: some cross-country evidence pp. 5-32: Peter Summers
The shared fortunes of cities and suburbs pp. 33-60: Jordan Rappaport
Gauging a region's entrepreneurial potential pp. 61-89: Jason Henderson, Sarah Low and Stephan Weiler

Consumption taxes: macroeconomic effects and policy issues pp. 5-29: C. Alan Garner
Do only big cities innovate?: technological maturity and the location of innovation pp. 31-57: Michael Orlando and Michael Verba
What do expected changes in U.S. job structure mean for states and workers in the Tenth District? pp. 59-93: Chad Wilkerson

How long is a long-term investment? pp. 5-32: Pu Shen
Recent evolution of large-value payment systems: balancing liquidity and risk pp. 33-57: Antoine Martin
A resurgent rural economy spurs farmland values pp. 59-82: Jason Henderson and Nancy Novack

Longer-term perspectives on the yield curve and monetary policy pp. 5-33: Sharon Kozicki and Gordon H. Sellon
Does immigration reduce imbalances among labor markets or increase them?: evidence from recent migration flows pp. 47-79: William R. Keeton and Geoffrey B. Newton

Expectations and the monetary policy transmission mechanism pp. 5-41: Gordon H. Sellon
Impact of population aging on financial markets in developed countries pp. 43-53: James Poterba
New governance for a new rural economy: reinventing public and private institutions: a conference summary pp. 55-70: Mark Drabenstott, Nancy Novack and Stephan Weiler

Offshoring in the service sector: economic impact and policy issues pp. 5-37: C. Alan Garner
What can regional manufacturing surveys tell us? lessons from the Tenth District pp. 39-70: William R. Keeton and Michael Verba
Can rural America support a knowledge economy? pp. 71-96: Bridget Abraham and Jason Henderson
New approaches to rural policy: lessons from around the world: a conference summary pp. 97-104: Mark Drabenstott, Nancy Novack and Stephan Weiler

Exploring the macro-prudential aspects of financial sector supervision pp. 5-17: Thomas M. Hoenig
An evaluation of the decline in goods inflation pp. 19-51: Todd Clark
What impact will E-commerce have on the U.S. economy? pp. 53-71: Jonathan Willis

How do data revisions affect the evaluation and conduct of monetary policy? pp. 5-38: Sharon Kozicki
Economic policy implications of world demographic change pp. 39-64: Richard L. Johnson
Will the farm rebound lead a rural recovery? pp. 65-80: Jason Henderson