Recent Research

Understanding the Recent Rise in Municipal Bond Yields

By Huixin Bi, W. Blake Marsh, Jacob Dice and Chaitri Gulati
May 27, 2020 | Economic Bulletin
The municipal bond sell-off in late March likely reflected investors’ concerns over liquidity rather than credit risk.

Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

By Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-Rull
May 22, 2020 | Research Working Paper
A lockdown policy that mitigates the effects of COVID-19 for both older and younger people would be less extensive than in April but remain in place through the summer.

The KC Fed LMCI suggests the level of activity declined sharply and momentum decelerated sharply in April

May 19, 2020 | Labor Market Conditions Indicators
The KC Fed LMCI suggests the level of activity declined sharply and momentum decelerated sharply in April.

COVID-19 Challenges State and Local Government Finances

By Alison Felix
May 13, 2020 | Economic Bulletin
State and local governments face liquidity challenges from the coronavirus pandemic in the near term, with substantial budget cuts likely in the next fiscal year.

The Global Pandemic and Run on Shadow Banks

By Rajdeep Sengupta and Fei Xue
May 11, 2020 | Economic Bulletin
Elements of the recent period of financial stress can be explained as a run on “shadow banks,” which lack the safeguards of regulated depository institutions.

Economic Review

Mobile Banking Use and Consumer Readiness to Benefit from Faster Payments

By Fumiko Hayashi and Ying Lei Toh
April 17, 2020 | Economic Review
Consumers who are younger, higher income, college-educated, or employed are the most ready to benefit from faster payments.

Population Turnover and the Growth of Urban Areas

By Jason P. Brown and Colton Tousey
March 26, 2020 | Economic Review
More people are moving to and from large urban areas, leading to faster population growth over time.

Corporate Leverage and Investment

By W. Blake Marsh, David Rodziewicz and Karna Chelluri
February 27, 2020 | Economic Review
Firms with more debt invest less in the future.

Spending Patterns and Cost of Living for Younger versus Older Households

By Jun Nie and Akshat S. Gautam
January 16, 2020 | Economic Review
Older households have faced slightly higher inflation rates than younger households over the past 40 years, though this gap is narrowing.

Why Aren’t More People Working in Low- and Moderate-Income Areas?

By Kelly D. Edmiston
January 02, 2020 | Economic Review
Fewer residents in low- and moderate-income communities are working compared with higher-income areas, due in large part to employment barriers.
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.