Recent Research

Negative Nominal Interest Rates Can Worsen Liquidity Traps

By Andrew Glover
October 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 Sánchez
October 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 Bae
October 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 Tuzemen
October 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 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.

Capital Reallocation and Capital Investment

By David Rodziewicz and Nicholas Sly
May 29, 2019 | Economic Review
Rising merger and acquisition activity complements investment growth by allowing firms to build their productive capacity.
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 & Rural Economies

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.