George A. Kahn
Vice President and Economist
Federal Reserve Bank of Kansas City
1 Memorial Drive
Kansas City, Missouri
Biography
George Kahn is a Vice President and Economist at the Federal Reserve Bank of Kansas City. In this capacity, he serves as an advisor to the Bank’s president and board of directors on monetary policy issues and conducts basic and applied research on issues of relevance to the Federal Reserve System.
Mr. Kahn joined the Bank as an economist in 1982 and was promoted to the official staff in 1993. He received a B.A. degree from the University of North Carolina at Chapel Hill in 1978 and a Ph.D. degree in economics from Northwestern University in 1983. Mr. Kahn has taught economics at the University of British Columbia and has published articles on inflation and unemployment, potential economic growth, and monetary policy.
Mr. Kahn is a member and former director of the National Association for Business Economics (NABE) and a member of the American Economic Association. In addition, he has been designated a Certified Business Economist™ (CBE), the certification in business economics and data analytics developed by NABE. In October 2018, he was recognized as a NABE Fellow, one of the organization’s highest honors.
Economic Review Articles
- "Monetary Policy at the Zero Lower Bound: Revelations from the FOMC’s Summary of Economic Projections"
with Andrew Palmer, First Quarter 2016 - "Evaluating Monetary Policy at the Zero Lower Bound"
with Craig S. Hakkio, Second Quarter 2014 - "Evolving Market Perceptions of Federal Reserve Policy Objectives"
with Lisa Taylor, First Quarter 2014 - "Estimated Rules for Monetary Policy"
Fourth Quarter 2012 - "Monetary Policy under a Corridor Operating Framework"
Fourth Quarter 2010 - "Taylor Rule Deviations and Financial Imbalances"
Second Quarter 2010 - "Beyond Inflation Targeting: Should Central Banks Target the Price Level?"
Third Quarter 2009 - "What Is the Optimal Inflation Rate?"
with Roberto M. Billi, Second Quarter 2008 - "The Role of Money in Monetary Policy: Why Do the Fed and ECB See It So Differently?"
with Scott Benolkin, Third Quarter 2007 - "Communicating a Policy Path: The Next Frontier in Central Bank Transparency?"
First Quarter 2007 - "The Greenspan Era: Lessons for the Future--A Summary of the Bank's 2005 Economic Symposium"
Fourth Quarter 2005 - "The Role of Community Banks in the U.S. Economy"
with William Keeton, Linda Schroeder, and Stuart Weiner, Second Quarter 2003 - "Global Economic Integration: Opportunities and Challenges--A Summary of the Bank's 2000 Symposium"
Fourth Quarter 2000 - "Conducting Monetary Policy with Inflation Targets"
with Klara Parrish, Third Quarter 1998 - "Achieving Price Stability: A Summary of the Bank's 1996 Symposium"
Fourth Quarter 1996 - "Progress Toward Price Stability: A Report Card for 1994"
First Quarter 1995 - "Achieving Price Stability: A 1993 Report Card"
First Quarter 1994 - "Sluggish Job Growth: Is Rising Productivity or an Anemic Recovery to Blame?"
Third Quarter 1993 - "Policies for Long-Run Economic Growth: A Summary of the Bank's 1992 Symposium"
Fourth Quarter 1992 - "Policy Implications of Trade and Currency Zones: A Summary of the Bank's 1991 Symposium"
November/December 1991 - "Does More Money Mean More Bank Loans?"
July/August 1991 - "Possible Monetary Policy Responses to the Iraqi Oil Shock"
with Robert Hampton Jr., November/December 1990 - "Has the Cost of Disinflation Declined?"
with Stuart Weiner, May/June 1990 - "The Changing Interest Sensitivity of the U.S. Economy"
November 1989 - "Lessons from West German Monetary Policy"
with Kristina Jacobson, April 1989 - "Nominal GNP: An Anchor for Monetary Policy?"
November 1988 - "Dollar Depreciation and Inflation"
November 1987 - "International Policy Coordination In an Interdependent World"
March 1987 - "Investment in Recession and Recovery: Lessons from the 1980s"
November 1985 - "Inflation and Disinflation: A Comparison Across Countries"
February 1985 - "Theories of Price Determination"
April 1984 - "Wage Behavior in the United States: 1907-80"
April 1983
Professional Journals and Books
- The Taylor Rule and the Transformation of Monetary Policy, (co-edited with Evan Koenig and Robert Leeson), Stanford: Hoover Institution Press, 2012.
- "The Taylor Rule and the Practice of Central Banking,"
in Kahn, Koenig, and Leeson, eds., The Taylor Rule and the Transformation of Monetary Policy, Stanford: Hoover Institution Press, 2012, pp. 63-101. - "Transparency, Inflation Targeting, and the ECB,"
Central Banking, vol. IX, no. 3, February 1999, pp. 62-65. - "New Estimates of the U.S. Economy's Potential Growth Rate,"
Contemporary Economic Policy, vol. XIV, no. 4, October 1996, pp. 1-16. (Federal Reserve Bank of Kansas City Research Working Paper No. 95-8.) - "International Differences in Wage Behavior: Real, Nominal, or Exaggerated?"
American Economic Review, vol. 74, no. 2, May 1984, pp. 155-59. (Federal Reserve Bank of Kansas City Research Working Paper No. 84-01.) - Nominal and Real Wage Stickiness in Six OECD Countries: A Comparitive Macroeconomic Analysis,
Northwestern University Ph.D. Dissertation, Ann Arbor: University Microfilms International, 1982.
Research Working Papers
- "The Taylor Rule and the Practice of Central Banking"
with Pier Francesco Asso and Robert Leeson, RWP 10-05 - "The Taylor Rule and the Transformation of Monetary Policy"
with Pier Francesco Asso and Robert Leeson, RWP 07-11 - "New Estimates of the U.S. Economy's Potential Growth Rate"
RWP 95-08
The Macro Bulletin
- Understanding Hawks and Doves
with Amy Oksol - "Subsiding Headwinds from the Strong Dollar: Evidence from Producer Prices along the Supply Chain"
with Nicholas Sly - "Monetary Policy at the Zero Lower Bound: Revelations from the Summary of Economic Projections"
with Andrew Palmer - "Taylor Rules or Target Rules?"
- "Evaluating Monetary Policy at the Zero Lower Bound"
with Craig S. Hakkio - "Evolving Market Perceptions of Federal Reserve Policy Objectives"
with Lisa Taylor
