Economic Review
A quarterly research publication with articles on macroeconomics and monetary policy, regional and international economics, and banking and financial markets.
Recent Articles
Interest Rates and Nonbank Market Share in the U.S. Mortgage Market
Differences in business models help explain how banks gain market share from nonbanks when interest rates are high.
The Future of U.S. Productivity: Cautious Optimism amid Uncertainty
Recent productivity growth likely reflects both cyclical and structural factors, including remote work and AI.
A Stress Test of Bank Commercial Real Estate Loans
Even if commercial real estate (CRE) losses reach the levels of the 1980s’ CRE crisis, banks today may be able to weather them.
Introducing the Kansas City Fed’s Measure of Policy Rate Uncertainty (KC PRU)
The KC PRU measures uncertainty around the path of interest rates one year ahead, using the prices of financial options.
The Expanding Role of Renewable Fuel Policy as a Demand Driver in Agriculture
Recent renewable energy policies may lead to higher but more volatile prices for soybeans and other oilseed crops.
Testing Hybrid Forecasts for Imports and Exports
During times of stress, hybrid forecasts outperform pure model-based forecasts over short horizons.
Permissions
Economic Review articles may be reprinted if the source is credited and the Public Affairs Department of the Federal Reserve Bank of Kansas City is provided with copies. Permission to photocopy is unrestricted.