Recent Research
Negative Nominal Interest Rates Can Worsen Liquidity Traps
By Andrew GloverOctober 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 SánchezOctober 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.
Rainy Day Funds Have Grown as State Tax Revenue Strengthens
By Huixin Bi and Jaeheung BaeOctober 16, 2019 | Economic Bulletin
States have used recent tax revenue increases to shore up rainy day funds.
LMCI suggest the level of activity increased modestly and momentum was little changed in September
October 10, 2019 | Labor Market Conditions Indicators
LMCI suggest the level of activity increased modestly and momentum was little changed in September.
Disappearing Routine Occupations and Declining Prime-Age Labor Force Participation
By Didem TuzemenOctober 04, 2019 | Research Working Paper
The disappearance of routine jobs has been a substantial contributor to the decline in labor force participation among prime-age individuals, especially those with lower educational attainment.
Economic Review
The Uneven Recovery in Prime-Age Labor Force Participation
By Didem Tuzemen and Thao TranOctober 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 BaeAugust 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 DiceJuly 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 ZubairyJuly 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 SlyMay 29, 2019 | Economic Review
Rising merger and acquisition activity complements investment growth by allowing firms to build their productive capacity.
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Jackson Hole Economic Policy Symposium
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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.
