Economic Review


The Economic Review is a quarterly research publication with articles by Federal Reserve Bank of Kansas City staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets, and payments systems. For paper copies of previous issues of the Economic Review you can order onlineTo receive e-mail notification when new Economic Review articles are posted, sign up in our E-alert system.


Additional articles by year or by topic

 
 
Fourth Quarter 2008

The Federal Reserve's Role in Retail Payments: Adapting to a New Environment
Stuart E. Weiner    (Summary  |  Article  PDF 199K)

 


Third Quarter 2008

Monetary Policy Transparency and Private Sector Forecasts: Evidence from Survey Data
Gordon H. Sellon, Jr.    (Summary  |  Article  PDF 842K)

Can Smart Cards Reduce Payments Fraud and Identity Theft?
Richard J. Sullivan
   (Summary | Article  PDF 219K)

The Growth and Volatility of State Tax Revenue Sources in the Tenth District
R. Alison Felix
   (Summary | Article  PDF 664K)

Is Commercial Real Estate Reliving the 1980s and Early 1990s?
C. Alan Garner
   (Summary | Article  PDF 826K)


Second Quarter 2008

What Is the Optimal Inflation Rate?
Roberto M. Billi and George A. Kahn   (Summary  |  Article  PDF 407K)

Understanding the Effects of the Merger Boom on Community Banks
Julapa Jagtiani   (Summary | Article  PDF 447K)

How Is the Rise in National Defense Spending Affecting the Tenth District Economy?
Chad R. Wilkerson and Megan D. Williams   (Summary | Article  PDF 1,114K)

Will Farmland Values Keep Booming?
Jason Henderson   (Summary | Article  PDF 1,227K)


First Quarter 2008

Maintaining Stability in a Changing Financial System: Some Lessons Relearned Again?
Thomas M. Hoenig   (Summary  |  Article  PDF 122K)

Has the Behavior of Inflation and Long-Term Inflation Expectations Changed?
Todd E. Clark and Taisuke Nakata   (Summary | Article  PDF 1,024K)

PCE and CPI Inflation Differential: Converting Inflation Forecasts
Craig S. Hakkio   (Summary | Article  PDF 506K)

Will Rural Prosperity Prevail in 2008?
Jason Henderson and Maria Akers (Summary | Article  PDF 556K)


Fourth Quarter 2007

Risks of Identity Theft: Can the Market Protect the Payment System?
Stacey L. Schreft  
(Summary | Article  PDF 277K

Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate
Kenneth Spong and Eric Robbins   
(Summary | Article  PDF 221K

How Useful is Okun's Law?
Edward S. Knotek, II   
(Summary | Article  PDF 364K) 

Booms and Busts: The Case of Subprime Mortgages
Edward M. Gramlich   
(Summary | Article  PDF 51K) 

Rising Foreclosures in the United States: A Perfect Storm
Kelly D. Edmiston and Roger Zalneraitis   
(Summary | Article  PDF 348K


Third Quarter 2007

The Role of Money in Monetary Policy: Why Do the Fed and ECB See It So Differently?
George A. Kahn and Scott Benolkin   
(Summary | Article  PDF 294K

Work and Taxes: Allocation of Time in OECD Countries
Lee Ohanian, Andrea Raffo, and Richard Rogerson   
(Summary | Article PDF 194K

The Tenth District's Defining Industries: How Are They Changing?
Chad R. Wilkerson and Megan D. Williams   
(Summary | Article  PDF 217K

Nonbanks in the Payments System: Innovation, Competition, and Risk - A Conference Summary
Richard J. Sullivan and Zhu Wang   
(Summary | Article  PDF 109K) 


Second Quarter 2007

Risk Management and Nonbank Participation in the U.S. Retail Payments System
Richard J. Sullivan   
(Summary | Article  PDF 161K

A Guide to Aggregate House Price Measures
Jordan Rappaport   
(Summary | Article  PDF 167K

The Role of Small and Large Businesses in Economic Development
Kelly Edmiston   
(Summary | Article  PDF 116K


First Quarter 2007

Communicating a Policy Path: The Next Frontier in Central Bank Transparency?
George A. Kahn   
(Summary | Article  PDF 106K

What Happened to the Gains From Strong Productivity Growth?
Jonathan L. Willis and Julie Wroblewski   
(Summary | Article  PDF 111K

Will Energy Markets Refuel the Rural Economy?
Jason Henderson and Maria Akers   
(Summary | Article  PDF 585K)