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 online. To 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 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) 

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) 

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)

Middle-Income Tax Rates: Trends and Prospects
Troy A. Davig and C. Alan Garner    ( Summary | Article  PDF 186K) 

Minority Workers in the Tenth District: Rising Presence, Rising Challenges
Chad R. Wilkerson and Megan D. Williams    (Summary | Article  PDF 204K)

Shifts in Economic Geography and Their Causes
Anthony J. Venables    (Summary | Article  PDF 164K)

Going Global: The Changing Pattern of U.S. Investment Abroad
Marcela Meirelles Aurelio    (Summary | Article  PDF 216K) 

Migration in the Tenth District: Long-Term Trends and Current Developments
William R. Keeton and Geoffrey B. Newton    (Summary | Article  PDF 226K)

Interchange Fees in Australia, the UK, and the United States: Matching Theory and Practice
Fumiko Hayashi and Stuart E. Weiner    (Summary | Article  PDF 173K)

Should the Decline in the Personal Saving Rate Be a Cause for Concern?
C. Alan Garner    (Summary | Article  PDF 121K) 

Liquidity Risk Premia and Breakeven Inflation Rates
Pu Shen    (Summary | Article  PDF 125K)

A New Perspective on Rising Nonbusiness Bankruptcy Filing Rates: Analyzing the Regional Factors
Kelly D. Edmiston    (Summary | Article  PDF 458K)

Social Security and Medicare: The Impending Fiscal Challenge
Craig Hakkio and Elisha J. Wiseman    (Summary | Article  PDF 263K) 

The Trend Growth Rate of Employment: Past, Present, and Future
Todd E. Clark and Taisuke Nakata    (Summary | Article  PDF 258K)

Interchange Fees in Credit and Debit Card Markets: What Role for Public Authorities? A Conference Summary
Barbara Pacheco and Richard Sullivan    (Summary | Article  PDF 219K)

Rethinking Federal Policy for Regional Economic Development
Mark Drabenstott    (Summary | Article  PDF 195K)

A Robust Rural Economy in 2006?
Jason Henderson    (Summary | Article  PDF 182K)

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