Recent Research

When Don’t Developing Countries Benefit from Capital Account Liberalization? The Role of Labor Market Institutions

By Qingyuan Du, Jun Nie and Shang-Jin Wei
November 26, 2019 | Research Working Paper
Developing countries may fail to benefit from capital account liberalization if their labor markets are rigid.

Risk-shifting, Regulation and Government Assistance

By Padma Sharma
November 26, 2019 | Research Working Paper
The elimination of bailouts during the savings and loan crisis in 1989 led thrift institutions to increase their composition of safe assets.

Assessing Macroeconomic Tail Risks in a Data-Rich Environment

By Thomas R. Cook and Taeyoung Doh
November 26, 2019 | Research Working Paper
A large set of economic and financial indicators suggests a negligible risk of unexpectedly low real GDP growth but a modest risk of unexpectedly low inflation.

Unconventional Monetary Policy, (A)Synchronicity and the Yield Curve

By Karlye Dilts Stedman
November 19, 2019 | Research Working Paper
Spillovers from unconventional monetary policy abroad increase when the return to normalized policy is asynchronous.

Urban Growth Shadows

By David Cuberes, Klaus Desmet and Jordan Rappaport
November 18, 2019 | Research Working Paper
Although locations near metropolitan areas have experienced faster population growth since 1920, this growth has diminished since 2000, suggesting the largest metropolitan areas will grow more slowly over coming decades.

Economic Review

Payment Card Fraud Rates in the United States Relative to Other Countries since Migrating to Chip Cards

By Fumiko Hayashi
November 27, 2019 | Economic Review
Even after migrating to chip card technology, the United States has a significantly higher in-person fraud rate than other countries.

The Uneven Recovery in Prime-Age Labor Force Participation

By Didem Tuzemen and Thao Tran
October 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 Bae
August 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 Dice
July 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 Zubairy
July 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.
Read more Economic Review articles

Main Street Views

View all of our research on macroeconomics, monetary policy, payments, banking, regional and community issues in one location.

Agriculture & the Economy

Insights on agricultural and rural economies regionally and nationally.

Banking, Payments & Financial Markets

Issues affecting the banking and payments industries.

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

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.

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.

Regional Research

Economic geography and developments for national monetary policy deliberations.