Our national economic research focuses on monetary policy and other issues of importance to the Federal Reserve. Results are shared with other researchers, policymakers and the public.
Evaluating Monetary Policy at the Zero Lower Bound
By Craig S. Hakkio and George A. Kahn
In the Second Quarter Economic Review, Craig S. Hakkio and George A. Kahn compare a "shadow" federal funds rate to prescriptions from an estimated policy rule and find policy was not sufficiently accommodative after the recession but became more accommodative over time.
Tight Credit Conditions Continue to Constrain the Housing Recovery
By Jordan Rappaport and Paul Willen
The housing recovery has continued to struggle to gain traction. The vigilance with which lenders have been applying stricter lending standards suggests regulatory uncertainty may be playing a role.
- Uncertainty and Fiscal Cliffs
A Quantitative System of Monocentric Metros
By Jordan Rappaport
A model of metro growth shows traffic congestion to be the key limiting factor. With additional highway capacity, the population of large U.S. metros would significantly increase. But highway speeds would be relatively unchanged.
Evolving Market Perceptions of Federal Reserve Policy Objectives
By George A. Kahn and Lisa Taylor
Despite varying interpretations of the Fed's monetary policy mandate, the response of long-term rates to economic news remains relatively stable, suggesting markets perceive little change in policy objectives under different regimes.
Kansas City Financial Stress Index
This index is a monthly measure of stress in the U.S. financial system based on 11 market variables.
The KCFSI suggests financial stress remains low.Current Survey
The Economic Review is a quarterly research publication with articles by Kansas City Fed staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets and payments systems.
Research Working Papers
The Kansas City Fed's research staff members produce working papers covering a wide range of economic topics, including monetary policy, banking and more.
The Macro Bulletin offers snapshots of the Kansas City Fed's latest macroeconomic findings and perspectives on national economic conditions and issues related to monetary policy.
Economic Symposium Conference Proceedings
The proceedings include papers, commentary and discussion from the Kansas City Fed's annual symposium. Participants include central bankers, finance ministers, academics and financial market participants from around the globe. They discuss economic issues, implications and policy options.
Central Bank Forecasting Presentations - October 2010
Invited applied and theoretical papers on all aspects of central bank forecasting.