Inflation Focus

Experts at the Kansas City Fed have developed a collection of research and resources exploring inflation and its impact on consumers, industries and economies.

In economics, inflation occurs when prices increase rapidly, resulting in a decline of purchasing power.

Keeping prices stable is a primary mission of the Federal Reserve. One way the Kansas City Fed monitors inflation trends is through the work of experts and economists. Below, you’ll find an archive of the Bank’s latest research and resources related to inflation.


51 result(s) found
Article Title Author(s) Date Type

Labor Market Shocks and Monetary Policy

Worker mobility played a key role in shaping inflation dynamics during the Great Recession and COVID-19 recoveries.

Serdar Birinci
Fatih Karahan
Yusuf Mercan
Kurt See Expandable Row
May 6, 2024
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Current Monetary Policy May Be Less Restrictive Than It Seems

Compared with most historical inflationary episodes since the 1960s, the current U.S. inflation cycle features both higher core inflation and a more resilient real economy. This co-movement of prices and real activity suggests monetary policy has not sufficiently reduced demand. We examine the current policy stance and argue that interest rates may indeed be less restrictive than commonly thought. To lower inflation to 2 percent, the Federal Reserve may have to maintain a restrictive policy stance for some time.

Johannes Matschke
Alice von Ende-Becker Expandable Row
May 3, 2024
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Jose Mustre-del-Rio
Jordan Rappaport
Shu-Kuei X. Yang Expandable Row
March 8, 2024
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Jordan Rappaport
A. Lee Smith
Shu-Kuei X. Yang Expandable Row
March 1, 2024
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Caleb Bray
Jordan Rappaport
Shu-Kuei X. Yang Expandable Row
February 16, 2024
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Shocks, Frictions, and Policy Regimes: Understanding Inflation after the COVID-19 Pandemic

Fiscal and monetary policies likely contributed to the persistent rise in inflation during the post-pandemic period.

Taeyoung Doh
Choongryul Yang Expandable Row
December 22, 2023
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How Optimal Was U.S. Monetary Policy at the Zero Lower Bound?

Forward guidance and large-scale asset purchases effectively offset disinflationary effects from the zero lower bound.

Brent Bundick
Logan Hotz
A. Lee Smith Expandable Row
December 1, 2023
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Jordan Rappaport Expandable Row
November 20, 2023
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Do the Effects of Interest Rate Changes Depend on Inflation?

When inflation is persistently high, the economy reacts to monetary policy more slowly and with more volatility.

Dimitris Christopoulos
Peter McAdam
Elias Tzavalis Expandable Row
November 9, 2023
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Brent Bundick
A. Lee Smith
Luca Van der Meer Expandable Row
September 27, 2023
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