Economic Review

1975 - 2025

From Federal Reserve Bank of Kansas City
Contact information at EDIRC.
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Detecting recessions in the Great Moderation: a real-time analysis pp. 5-33: Troy Davig
The Federal Reserve's role in retail payments: adapting to a new environment pp. 35-63: Stuart E. Weiner
The affordability of homeownership to middle-income Americans pp. 65-95: Jordan Rappaport
Can markets improve water allocation in rural America? pp. 97-117: Maria Akers and Jason Henderson

Monetary policy transparency and private sector forecasts: evidence from survey data pp. 7-34: Gordon H. Sellon
Can smart cards reduce payments fraud and identity theft? pp. 35-62: Richard Sullivan
The growth and volatility of state tax revenue sources in the Tenth District pp. 63-88: Alison Felix
Is commercial real estate reliving the 1980s and early 1990s? pp. 89-115: C. Alan Garner

What is the optimal inflation rate? pp. 5-28: Roberto Billi and George Kahn
Understanding the effects of the merger boom on community banks pp. 29-48: Julapa Jagtiani
How is the rise in national defense spending affecting the Tenth District economy? pp. 49-79: Chad Wilkerson and Megan Williams
Will farmland values keep booming? pp. 81-104: Jason Henderson

Maintaining stability in a changing financial system: some lessons relearned again? pp. 5-16: Thomas M. Hoenig
Has the behavior of inflation and long-term inflation expectations changed? pp. 17-50: Todd Clark and Taisuke Nakata
PCE and CPI inflation differentials: converting inflation forecasts pp. 51-68: Craig Hakkio
Will rural prosperity prevail in 2008? pp. 69-86: Maria Akers and Jason Henderson

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