Economic Review

A quarterly research publication with articles on macroeconomics and monetary policy, regional and international economics, banking and financial markets.

Recent Articles

Fiscal Relief during the COVID-19 Pandemic

The fiscal policy response to the pandemic aided sectors of the economy most in need of funds.

Economic Review

Community Banks’ Ongoing Role in the U.S. Economy

Despite declining numbers and growing challenges, community banks continue to play a crucial role in the banking industry.

Economic Review

Puzzlingly Divergent Trends in Household Wealth and Business Formation

The rate of new business formation has declined sharply even as household wealth has increased.

Economic Review

The Evolving Link between Oil Prices and U.S. Consumer Spending

Oil price swings are less likely to yield major changes in consumption, even among lower-income households.

Economic Review

Did the Federal Reserve Anchor Inflation Expectations Too Low?

Federal Reserve communications better anchored longer-term inflation expectations, but may have anchored them too low.

Economic Review

How You Say It Matters: Text Analysis of FOMC Statements Using Natural Language Processing

In FOMC statements, qualitative descriptions of economic conditions can affect bond prices as much as quantitative information.

External LinkView more Economic Review articles.

First Quarter 2021 (Vol. 106, No. 1): PDFFull Issue, PDFFront Matter

To receive email alerts for the Economic Review and other research publications, External Linksubscribe here.