Find Information

• News Releases
• Research Publications
• Banker Resources
• Agricultural & Rural Economies
• Economic Symposium
• Indicators & Data
• Speeches
• Consumer Help
• Diversity & Inclusion
• Job Search

Research Events

Research By Focus

• Agriculture & Rural Economies

  Insights on agricultural and rural economies regionally and nationally.

• Banking & Financial Markets

  Issues affecting the banking industry, including supervisory and regulatory concerns, fair lending issues and potential risks to financial institutions.

• Community Research

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

• Monetary Policy & Macroeconomics

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

• Payments System Research

  Domestic and international payments system developments.
  
  
  

• Regional Research

  The Tenth Federal Reserve District's economic geography and developments for national monetary policy deliberations.

Recent Research

• Model Uncertainty and Intertemporal Tax Smoothing

  By Yulei Luo, Jun Nie, and Eric R. Young
  What are the implications of model uncertainty for the tax-smoothing hypothesis?

• A Bayesian Evaluation of Alternative Models of Trend Inflation

  By Todd E. Clark and Taeyoung Doh
  Averaging forecasts from alternative models of trend inflation can provide more reliable medium-term inflation forecasts than using a single best-fitting model of trend inflation.

• What Can Financial Stability Reports Tell Us About Macroprudential Supervision?

  By Jon Christensson, Kenneth Spong, and Jim Wilkinson
  Recent financial stability reports from five central banks indicate that macroprudential supervision could be beneficial in promoting financial stability, but will also be a very challenging task.

• A Chronology of Turning Points in Economic Activity: Spain 1850-2011

  By Travis J. Berge and Òscar Jordà
  A novel historical chronology of business cycle turning points for the Spanish economy for the years 1850-2011 is produced to inform the study of macroeconomic fluctuations and policy responses for that economy.

• A Chronology of International Business Cycles Through Non-parametric Decoding

  By Hsieh Fushing, Shu-Chun Chen, Travis J. Berge, and Òscar Jordà
  A novel method for recognizing different phases of the business cycle is developed and used to create novel business cycle chronologies for 22 major economies.

• Forecasting Disconnected Exchange Rates

  By Travis J. Berge
  Movements in exchange rates are erratic and often appear to be disconnected from macroeconomic fundamentals. Explicitly taking these instabilities into account when forecasting exchange rates may help improve the forecast ability of empirical models.

• Estimating VAR's Sampled at Mixed or Irregular Spaced Frequencies: A Bayesian Approach

  By Ching Wai (Jeremy) Chiu, Bjørn Eraker, Andrew T. Foerster, Tae Bong Kim and Hernán D. Seoane
  How can we combine data collected at various frequencies to improve statistical models of the economy?

• Low-Income Housing Tax Credit Developments and Neighborhood Property Conditions

  By Kelly D. Edmiston
  Do subsidized housing developments diminish the quality of low- and moderate-income neighborhoods?

• The Aggregate Implications of Individual Labor Supply Heterogeneity

  By Jose Mustre-del-Rio
  Accounting for individual differences in labor market attachment reveals that aggregate employment is less elastic to wage changes than previously thought.

• Commodity Dependence and Fiscal Capacity

  By Mauricio Cardenas, Santiago Ramirez, and Didem Tuzemen
  Analysis of cross-country panel data provides evidence that fiscal state capacities are lower in countries that are more dependent on commodity exports, such as oil, whose rents can be easily appropriated by the government.

• Under-Investment in State Capacity: The Role of Inequality and Political Instability

  By Mauricio Cardenas and Didem Tuzemen
  Analysis of cross-country data shows that the fiscal capacity of the state is higher in more stable and equal societies, both in economic and political terms, and in countries where the chances of fighting an external war are high.

• Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis

  By Viral V. Acharya and Nada Mora
  Evidence from the 2007-2009 crisis indicates that the role of the banking system as a stabilizing liquidity insurer is not one of the passive recipient, but of an active seeker, of deposits.

• Who Offers Tax-Based Business Development Incentives?

  By Alison Felix and James R. Hines Jr.
  Communities with low incomes, near state borders, and in states with troubled political cultures are most likely to provide tax incentives. The poorest communities prefer to offer tax abatements and credits, whereas middle-income communities prefer tax increment financing.

• Third Quarter 2011 Economic Review:

  "Employment Patterns During the Recovery: Who Are Getting the Jobs and Why?"
  By Aysegul Sahin and Jonathan L. Willis
  Although men suffered the most job losses during the recession of 2007-09, they now are experiencing the strongest gains in employment during the recovery.
  
  "Would Active Labor Market Policies Help Combat High U.S. Unemployment?"
  By Jun Nie and Ethan Struby
  A look at how active and passive labor market policies are utilized in other countries indicates the United States might benefit from more training programs and job-search assistance.
  
  "What Is the Outlook for Local Government Revenues in the Tenth District?"
  By Alison Felix
  The weakness local governments have seen recently in property-tax revenues is likely to persist for several years, especially if home prices continue to decline.
  
  "Recognizing Risk in Global Agriculture: A Summary of the 2011 Agricultural Symposium"
  By Jason Henderson
  About 200 participants, including agriculture finance and business leaders, are cautiously optimistic the industry can apply past lessons from boom-bust cycles to avoid a repeat.

Jackson Hole Economic Policy Symposium

The Kansas City Fed's annual symposium drew central bankers, policymakers, academics and economists from around the world.
The proceedings include papers, commentaries and discussions.

Read Proceedings 
About the Symposium
Archive

• Research Publications

  Browse more of our research articles, periodicals, proceedings, working papers and books.