Kelly Edmiston

Kelly D. Edmiston

Senior Economist
Federal Reserve Bank of Kansas City
1 Memorial Drive
Kansas City, Missouri 64198
Curriculum Vitae


Kelly D. Edmiston is a Senior Economist in Community Development at the Federal Reserve Bank of Kansas City. He conducts research on issues involving regional economic growth, economic development, community development, consumer finance and public finance. He provides expert commentary to the community, policymakers, and the media on local and regional economic matters; advises the Bank President and other senior Bank officials; and provides written commentary for Bank publications. His research has been published in numerous economics and policy journals, and he has presented his research findings at dozens of national conferences and professional meetings.

Prior to joining the Federal Reserve Bank of Kansas City, Kelly was Assistant Professor of Economics, Senior Associate at the Fiscal Research Center, and Senior Associate at the International Center for Public Policy at the Andrew Young School of Policy Studies at Georgia State University and served as a contract employee for the World Bank and the U.S. Agency for International Development (USAID). He holds BA and PhD degrees from the University of Tennessee.

Economic Review Articles

Professional Journals and Books

  • Kelly D. Edmiston and Wenhua Di (2015). “State Variation of Student Loan Debt and Performance,” Suffolk Law Review, forthcoming.
  • Kelly D. Edmiston (2015). “Property Conditions and Neighborhood Crime,” under review.
  • Kelly D. Edmiston (2015), “Low-Income Housing Tax Credit Developments and Neighborhood Property Conditions,” under review.
  • Kelly D. Edmiston and Kenneth Spong (2012). “Tax Incentives for Homeownership and the Provision of Local Public Services,” Public Finance Review, 40(1), 116 – 144.
  • Kelly D. Edmiston and Kenneth Spong (2008). “The Income Geography of Tax Incentives for Homeownership: Evidence from the Kansas City Metropolitan Area” Proceedings of the 99th Annual Conference on Taxation (Columbus, OH), National Tax Association, 263 – 271.
  • Kelly D. Edmiston (2008). “Entrepreneurship in Low and Moderate Income Communities,” in G. Yago, J. R. Barth, and B. Zeidman, Eds., Entrepreneurship in Emerging Domestic Markets. Barriers & Innovation Series: The Milken Institute Series on Financial Innovation and Economic Growth , Vol. 7 (New York, NY: Springer), 1 – 8
  • Alan Berube, Elizabeth Kneebone, et al. (2008). The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S. (contributor)(Washington, DC: The Federal Reserve System and the Brookings Institution).
  • Kelly D. Edmiston and Richard M. Bird (2007). "Taxing Consumption in Jamaica," Public Finance Review, 35(1), 26 – 56.
  • Kelly D. Edmiston (2006). “Workers’ Compensation and State Employment Growth,” Journal of Regional Science, 46(1), 121 – 145.
  • Kelly D. Edmiston and F. Javier Arze del Granado (2006). “Economic Effects of Apportionment Formula Changes: Results from a Panel of Corporate Income Tax Returns,” Public Finance Review, 34(5), 483 – 504.
  • Kelly D. Edmiston and William F. Fox (2006). “A Fresh Look at the VAT,” in James Alm, Jorge Martinez-Vasquez, and Mark Rider, Eds., The Challenges of Tax Reform in a Global Economy (New York, NY: Springer), 249 – 266.
  • Gary C. Cornia, Kelly D. Edmiston, David L. Sjoquist, and Sally Wallace (2005). “The Disappearing State Corporate Income Tax,” National Tax Journal, 58 (1), 115 – 138.
  • Kelly D. Edmiston (2005). “State Formula Apportionment,” in Joseph J. Cordes, Robert D. Ebel, and Jane G. Gravelle, Eds., The Encyclopedia of Taxation and Tax Policy, 370 – 371.  Washington, DC: The Urban Institute Press.
  • Kelly D. Edmiston (2005). Discussion of “Sales Taxation in a Global Economy” (W. Fox and M. Murray) and “Tackling Agriculture in a Developing Country: A Possible Approach” (I. Rajaraman), in J. Alm et al., Eds., Taxing the Hard-to-Tax: Lessons from Theory and Practice, Contributions to Economic Analysis 268.  Amsterdam: Elsevier.
  • Kelly D. Edmiston, Shannon Mudd, and Neven Valev (2004). “Incentive Targeting, Influence Peddling, and Foreign Direct Investment,” International Tax and Public Finance, 11 (5), 647-660.
  • Kelly D. Edmiston (2004). “Tax Uncertainty and Investment: A Cross-Country Empirical Evaluation,” Economic Inquiry, 42 (3), 425 – 440. [Editors’ Choice Award, Best Paper]
  • Kelly D. Edmiston (2004). “Single Factor Sales Apportionment in Georgia: What is the Net Revenue Effect?” State Tax Notes, 31 (2), 107 – 111.
  • Kelly D. Edmiston (2004). “The Net Effects of Large Plant Locations and Expansions on County Employment,” Journal of Regional Science, 44 (2), 289 – 319.
  • Kelly D. Edmiston and Marcus X. Thomas (2004). “The Commercial Music Industry in Atlanta and the State of Georgia – An Economic Impact Study,” Journal of the Music and Entertainment Industry Educators Association, 4 (1), 61 – 82.
  • Kelly D. Edmiston, Shannon Mudd, and Neven T. Valev (2003). “Tax Structures and FDI: The Deterrent Effects of Complexity and Uncertainty,” Fiscal Studies, 24 (3), 341 – 359.
  • Kelly D. Edmiston (2003). “Electronic State & Local Government: Prospects and Challenges,” American Review of Public Administration, 33 (1), 20 – 45.
  • Kelly D. Edmiston and William F. Fox (2003). “Prospects and Challenges for State and Local Government in a Digital Age,” in David L. Sjoquist, Ed., State and Local Government Finance Pressures in the 21st Century.  Northampton, MA: Edward Elgar Publishing.
  • Kelly D. Edmiston (2002). “Strategic Apportionment of the State Corporate Income Tax,” National Tax Journal, 55 (2), 239 – 262.
  • Kelly D. Edmiston (2002). “Fostering Subnational Autonomy and Accountability in Decentralized Developing Countries: Lessons from the Papua New Guinea Experience,” Public Administration and Development, 22 (3), 221 – 234.
  • Kelly D. Edmiston (2002). “Benefits and Burdens of Strategic Apportionment Policies: Preliminary Results for the Case of Double-Weighted Sales in Georgia,” Proceedings of the 94th Annual Conference on Taxation (Baltimore, MD), National Tax Association, 331 – 339.
  • Gary C. Cornia, Kelly D. Edmiston, Steven M. Sheffrin, Terri A. Sexton, David Sjoquist, and C. Kurt Zorn (2001).  “E-Commerce and the Single-Rate Sales Tax Proposal,” Municipal Finance Journal, 22 (3), 1 – 23.
  • Gary C. Cornia, Kelly D. Edmiston, Steven M. Sheffrin, Terri A. Sexton, David Sjoquist, and C. Kurt Zorn (2001).  “An Analysis of the Feasibility of Implementing a Single Rate Sales Tax,” National Tax Journal, 53 (4, Pt. 3), 1327 – 1350.  Also published in State Tax Notes, 20 (20), 1697 – 1711.
  • Kelly D. Edmiston (2001). “A Single Factor Sales Apportionment Formula in the State of Georgia: Issues and Consequences,” State Tax Notes, 20 (16), 1367 – 1379.
  • Stanley Chervin, Kelly D. Edmiston, and Matthew N. Murray (2000). “Urban Malls, Tax Base Migration, and State Intergovernmental Aid,” Public Finance Review, 28 (4), 309 - 334.
  • Kelly D. Edmiston (1999). “Optimal Factor Weights in State Corporate Income Tax Apportionment Formulas,” State Tax Notes, 16 (3), 1903 – 1907.
  • Kelly D. Edmiston and Matthew N. Murray (1998). “Finances of Tennessee State Government,” in John R. Vile and Mark Byrnes, Eds., Tennessee Government and Politics: Democracy in the Volunteer State, Nashville, TN: Vanderbilt University Press.

Research Working Papers