Recent Research

As Manufacturing Weakens, Consumers Pull Back

By José Mustre-del-Río and Emily Pollard
November 13, 2019 | Economic Bulletin
As manufacturing activity declines, consumers in manufacturing-heavy states are cutting back on purchases.

LMCI suggest the level of activity declined and momentum was little changed in October

November 06, 2019 | Labor Market Conditions Indicators
LMCI suggest the level of activity declined and momentum was little changed in October.

Residential Construction and Real Estate Activity in the Rocky Mountain States

By Alison Felix, Sam Chapman and Jordan Bass
November 01, 2019 | 3rd Quarter 2019
This issue of the Rocky Mountain Economist examines residential construction and real estate conditions in Colorado, New Mexico and Wyoming, and assesses how activity levels today compare with pre-recession levels.

Negative Nominal Interest Rates Can Worsen Liquidity Traps

By Andrew Glover
October 17, 2019 | Research Working Paper
A workhorse macroeconomic model predicts that negative interest rates would likely deepen a recession caused by self-fulfilling pessimism about aggregate demand.

Consumption in the Great Recession: The Financial Distress Channel

By Kartik Athreya, Ryan Mather, José Mustre-del-Río and Juan Sánchez
October 16, 2019 | Research Working Paper
The U.S. entered the Great Recession with a high and geographically diverse incidence of household financial distress. This dispersion, combined with the fact that highly financially distressed regions experienced the largest housing busts, exacerbated the drop in aggregate consumption during the recession.

Economic Review

The Uneven Recovery in Prime-Age Labor Force Participation

By Didem Tuzemen and Thao Tran
October 08, 2019 | Economic Review
Prime-age individuals without a college degree had larger declines in their labor force participation during and after the recession, due in part to the disappearance of routine jobs.

Tracking U.S. GDP in Real Time

By Taeyoung Doh and Jaeheung Bae
August 14, 2019 | Economic Review
A new model for tracking GDP in real time allows policymakers to assess the current state of the economy.

Did Local Factors Contribute to the Decline in Bank Branches?

By Rajdeep Sengupta and Jacob Dice
July 18, 2019 | Economic Review
The number of bank branches has declined since the financial crisis, driven partly by changes in local market and competitive factors.

Implementation Delays in Pension Retrenchment Reforms

By Huixin Bi, Kevin Hunt and Susan Zubairy
July 02, 2019 | Economic Review
On average, pension retrenchment reforms are phased in over a decade, but age-related forms can take much longer to implement.

Capital Reallocation and Capital Investment

By David Rodziewicz and Nicholas Sly
May 29, 2019 | Economic Review
Rising merger and acquisition activity complements investment growth by allowing firms to build their productive capacity.
Read more Economic Review articles

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Jackson Hole Economic Policy Symposium

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The Kansas City Fed Data Curation Initiative

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