Recent Research

The Persistent Effects of the Temporary Tightening in Financial Conditions

By Brent Bundick
April 17, 2019 | Economic Bulletin
A brief spike in market-based uncertainty near the end of 2018 could have long-lasting effects on the macroeconomy.

Introducing the KC Fed Economic Bulletin

By Willem Van Zandweghe
April 10, 2019 | Economic Bulletin
The Macro Bulletin has a new name and focus. The publication’s editor-in-chief, Willem Van Zandweghe, introduces the KC Fed Economic Bulletin and discusses the publication’s expanded scope.

LMCI suggest the level of activity declined and momentum remained high in March

April 10, 2019 | Labor Market Conditions Indicators
LMCI suggest the level of activity declined and momentum remained high in March

The Outlook for Farmland Values amid Higher Interest Rates

By Cortney Cowley and Nathan Kauffman
April 10, 2019 | Economic Bulletin
A reduced spread between interest rates and returns to farmland—along with an increase in farmland sales—suggest farmland values could decline further in 2019.

Small business lending remains stable in fourth quarter

By Christi May-Oder, Assistant Vice President and Tony Walker, Statistics Manager*
March 25, 2019 | Small Business Lending Survey
U.S. small business commercial and industrial (C&I) lending increased on a year-over-year basis. The growth was driven by large banks. Most of the 121 respondents to the Federal Reserve’s Small Business Lending Survey (FR 2028D) indicated that conditions for small business lending remained stable in the fourth quarter. Survey respondents reported that demand for small business loans and credit quality remained relatively unchanged. Additionally, respondents indicated some tightening of lending terms, although credit standards remained stable.

Economic Review

The Rise and Fall of College Tuition Inflation

By Brent Bundick and Emily Pollard
April 11, 2019 | Economic Review
Wages in the education sector and state appropriations to higher ed help explain changes in college tuition over time.

What Explains Lifetime Earnings Differences across Individuals?

By José Mustre-del-Río and Emily Pollard
March 28, 2019 | Economic Review
Cumulative labor market experience explains a substantial portion of differences in lifetime earnings across individuals.

Do Changes in Reserve Balances Still Influence the Federal Funds Rate?

By A. Lee Smith
February 06, 2019 | Economic Review
Declining reserves have placed upward pressure on the federal funds rate in recent years despite the payment of interest on reserve balances.

The Faster Growth of Larger, Less Crowded Locations

By Jordan Rappaport
December 04, 2018 | Economic Review
Jobs and residents have increasingly migrated to larger, less crowded metros, where business productivity and urban amenities have increased.

The Response of U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

By Nida Cakir Melek
November 20, 2018 | Economic Review
The shale boom led to greater spillovers from oil investment to aggregate investment.
Read more Economic Review articles

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The Center for the Advancement of Data and Research in Economics

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Jackson Hole Economic Policy Symposium

Our annual symposium draws central bankers, policymakers, academics and economists from around the world. The proceedings include papers, commentaries and discussions.
About the Symposium | Archive

Monetary Policy & Macroeconomics

Issues of importance to the Federal Reserve, including financial markets, banking, monetary policy and more.

Community Research

Economic issues affecting low- and moderate- income communities, including fair and impartial access to credit.

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Economic geography and developments for national monetary policy deliberations.