Recent Research

The KC Fed LMCI suggests the level of activity declined modestly in December while momentum continued to decelerate

January 13, 2021 | Labor Market Conditions Indicators
The KC Fed LMCI suggests the level of activity declined modestly in December while momentum continued to decelerate.

Where Is Essential Work within the Rocky Mountain Region?

By Nicholas Sly , David Rodziewicz and Bethany Greene
January 05, 2021 | 4th Quarter 2020
In this edition of the Rocky Mountain Economist we map essential employment within the region and show how locations near essential activities fared with regard to employment outcomes and local consumption relative to those without critical industries nearby.

The Financial Market Effects of Unwinding the Federal Reserve’s Balance Sheet

By A. Lee Smith and Victor J. Valcarcel
January 04, 2021 | Research Working Paper
The gradual unwinding of the Federal Reserve’s balance sheet from 2017 to 2019 tightened financial conditions, though this tightening did not simply manifest as a reversal of the effects of the original balance sheet expansion.

Pandemic Relief Has Aided Low-Income Individuals: Evidence from Alternative Financial Services

By Ying Lei Toh and Thao Tran
December 30, 2020 | Economic Bulletin
The use of alternative financial services has declined among low-income individuals during the pandemic, suggesting relief efforts may have helped them.

Market Integration and Bank Risk-Taking

By Kaniska Dam and Rajdeep Sengupta
December 30, 2020 | Research Working Paper
Increased bank competition from market integration affects banks’ risk-taking behavior in ways beyond a simple increase in the number of competitor banks.

Economic Review

Drought Risk to the Agriculture Sector

By David Rodziewicz and Jacob Dice
December 03, 2020 | Economic Review
Farmer losses from extreme drought represent an economically relevant share of crop production values, and may increase in coming decades as global temperatures rise.

The Macroeconomic Fallout of Shutting Down the Banking System

By Qian Chen, Christoffer Koch, Gary Richardson and Padma Sharma
November 19, 2020 | Economic Review
Preventing the suspension of bank deposits during recessions may also prevent longer-term economic losses.

Unconventional Monetary Policy and International Interest Rate Spillovers

By Karlye Dilts Stedman
October 15, 2020 | Economic Review
Expansionary spillovers from foreign central banks may have weighed down long-term interest rates in the United States since 2015.

What to Do about Fannie and Freddie: A Primer on Housing Finance Reform

By Jordan Rappaport
July 09, 2020 | Economic Review
Policymakers face several issues in reforming the current system of mortgage finance toward one in which the government plays a less direct role.

Reshuffling in Soybean Markets following Chinese Tariffs

By Cortney Cowley
June 18, 2020 | Economic Review
Chinese tariffs on U.S. soybeans could reduce the global competitiveness of U.S. soybeans in the longer term.
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Agriculture & the Economy

Insights on agricultural and rural economies regionally and nationally.

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Issues affecting the banking and payments industries.

Jackson Hole Economic Policy Symposium

Our annual symposium draws central bankers, policymakers, academics and economists from around the world. The proceedings include papers, commentaries and discussions.
About the Symposium | Archive

The Kansas City Fed Data Curation Initiative

KCDC staff select, evaluate, and present information about data sources to help researchers more easily understand how certain data are created, described, and used.

Monetary Policy & Macroeconomics

Issues of importance to the Federal Reserve, including financial markets, banking, monetary policy and more.

Community Research

Economic issues affecting low- and moderate- income communities, including fair and impartial access to credit.

Regional Research

Economic geography and developments for national monetary policy deliberations.