George Kahn is a Vice President and Economist at the Federal Reserve Bank of Kansas City. In this capacity, he serves as an advisor to the Bank’s president and board of directors on monetary policy issues and conducts basic and applied research on issues of relevance to the Federal Reserve System.
Mr. Kahn joined the Bank as an economist in 1982 and was promoted to the official staff in 1993. He received a B.A. degree from the University of North Carolina at Chapel Hill in 1978 and a Ph.D. degree in economics from Northwestern University in 1983. Mr. Kahn has taught economics at the University of British Columbia and has published articles on inflation and unemployment, potential economic growth, and monetary policy.
Mr. Kahn is a member and former director of the National Association for Business Economics (NABE) and a member of the American Economic Association. In addition, he has been designated a Certified Business Economist™ (CBE), the certification in business economics and data analytics developed by NABE. In October 2018, he was recognized as a NABE Fellow, one of the organization’s highest honors.
Economic Review Articles
- PDFMonetary Policy at the Zero Lower Bound: Revelations from the FOMC’s Summary of Economic Projections
with Andrew Palmer, First Quarter 2016
- Evaluating Monetary Policy at the Zero Lower Bound
with Craig S. Hakkio, Second Quarter 2014
- Evolving Market Perceptions of Federal Reserve Policy Objectives
with Lisa Taylor, First Quarter 2014
- Estimated Rules for Monetary Policy
Fourth Quarter 2012
- Monetary Policy under a Corridor Operating Framework
Fourth Quarter 2010
- Taylor Rule Deviations and Financial Imbalances
Second Quarter 2010
- Beyond Inflation Targeting: Should Central Banks Target the Price Level?
Third Quarter 2009
- What Is the Optimal Inflation Rate?
with Roberto M. Billi, Second Quarter 2008
- The Role of Money in Monetary Policy: Why Do the Fed and ECB See It So Differently?
with Scott Benolkin, Third Quarter 2007
- Communicating a Policy Path: The Next Frontier in Central Bank Transparency?
First Quarter 2007
- The Greenspan Era: Lessons for the Future--A Summary of the Bank's 2005 Economic Symposium
Fourth Quarter 2005
- The Role of Community Banks in the U.S. Economy
with William Keeton, Linda Schroeder, and Stuart Weiner, Second Quarter 2003
- Global Economic Integration: Opportunities and Challenges--A Summary of the Bank's 2000 Symposium
Fourth Quarter 2000
- Conducting Monetary Policy with Inflation Targets
with Klara Parrish, Third Quarter 1998
- Achieving Price Stability: A Summary of the Bank's 1996 Symposium
Fourth Quarter 1996
- Progress Toward Price Stability: A Report Card for 1994
First Quarter 1995
- PDFAchieving Price Stability: A 1993 Report Card
First Quarter 1994
- PDFSluggish Job Growth: Is Rising Productivity or an Anemic Recovery to Blame?
Third Quarter 1993
- PDFPolicies for Long-Run Economic Growth: A Summary of the Bank's 1992 Symposium
Fourth Quarter 1992
- PDFPolicy Implications of Trade and Currency Zones: A Summary of the Bank's 1991 Symposium
- PDFDoes More Money Mean More Bank Loans?
- PDFPossible Monetary Policy Responses to the Iraqi Oil Shock
with Robert Hampton Jr., November/December 1990
- PDFHas the Cost of Disinflation Declined?
with Stuart Weiner, May/June 1990
- PDFThe Changing Interest Sensitivity of the U.S. Economy
- PDFLessons from West German Monetary Policy
with Kristina Jacobson, April 1989
- Nominal GNP: An Anchor for Monetary Policy?
- PDFDollar Depreciation and Inflation
- PDFInternational Policy Coordination In an Interdependent World
- PDFInvestment in Recession and Recovery: Lessons from the 1980s
- PDFInflation and Disinflation: A Comparison Across Countries
- PDFTheories of Price Determination
- PDFWage Behavior in the United States: 1907-80
Professional Journals and Books
- External LinkAn Introduction to the Bank’s 2020 Economic Symposium, with Sungil Kim, in Navigating the Decade Ahead: Implications for Monetary Policy. Proceedings of the Federal Reserve Bank of Kansas City Economic Policy Symposium, Jackson Hole, WY, August 27–28 2020.
- The Taylor Rule and the Transformation of Monetary Policy, (co-edited with Evan Koenig and Robert Leeson), Stanford: Hoover Institution Press, 2012.
- "The Taylor Rule and the Practice of Central Banking" in Kahn, Koenig, and Leeson, eds., The Taylor Rule and the Transformation of Monetary Policy, Stanford: Hoover Institution Press, 2012, pp. 63-101.
- "Transparency, Inflation Targeting, and the ECB" Central Banking, vol. IX, no. 3, February 1999, pp. 62-65.
- "New Estimates of the U.S. Economy's Potential Growth Rate" Contemporary Economic Policy, vol. XIV, no. 4, October 1996, pp. 1-16. (Federal Reserve Bank of Kansas City Research Working Paper No. 95-8.)
- "International Differences in Wage Behavior: Real, Nominal, or Exaggerated?" American Economic Review, vol. 74, no. 2, May 1984, pp. 155-59. (Federal Reserve Bank of Kansas City Research Working Paper No. 84-01.)
- Nominal and Real Wage Stickiness in Six OECD Countries: A Comparative Macroeconomic Analysis,
Northwestern University Ph.D. Dissertation, Ann Arbor: University Microfilms International, 1982.
Research Working Papers
- PDFThe Taylor Rule and the Practice of Central Banking
with Pier Francesco Asso and Robert Leeson, RWP 10-05
- PDFThe Taylor Rule and the Transformation of Monetary Policy
with Pier Francesco Asso and Robert Leeson, RWP 07-11
- New Estimates of the U.S. Economy's Potential Growth Rate
- Understanding Hawks and Doves
with Amy Oksol
- Subsiding Headwinds from the Strong Dollar: Evidence from Producer Prices along the Supply Chain
with Nicholas Sly
- PDFMonetary Policy at the Zero Lower Bound: Revelations from the Summary of Economic Projections
with Andrew Palmer
- PDFTaylor Rules or Target Rules?
- PDFEvaluating Monetary Policy at the Zero Lower Bound
with Craig S. Hakkio
- PDFEvolving Market Perceptions of Federal Reserve Policy Objectives
with Lisa Taylor