Ed Knotek is an Assistant Vice President and Economist with the Federal Reserve Bank of Kansas City. He joined the Economic Research Department in August, 2005. Mr. Knotek received a B.A. in mathematics-economics and Spanish from Denison University. He received his M.A. and Ph.D. in economics from the University of Michigan. Mr. Knotek's research interests focus on price dynamics, in particular the causes and consequences of price rigidity and the interplay between inflation and information.
Although prepaid cards have the potential to address digital payments exclusion, their use among unbanked households remains low.
A tight labor market tends to raise wages and lower unemployment, but an overly tight labor market can cause inflation. Labor...