Recent Research
Understanding the Recent Rise in Municipal Bond Yields
By Huixin Bi, W. Blake Marsh, Jacob Dice and Chaitri GulatiMay 27, 2020 | Economic Bulletin
The municipal bond sell-off in late March likely reflected investors’ concerns over liquidity rather than credit risk.
Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
By Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-RullMay 22, 2020 | Research Working Paper
A lockdown policy that mitigates the effects of COVID-19 for both older and younger people would be less extensive than in April but remain in place through the summer.
The KC Fed LMCI suggests the level of activity declined sharply and momentum decelerated sharply in April
May 19, 2020 | Labor Market Conditions Indicators
The KC Fed LMCI suggests the level of activity declined sharply and momentum decelerated sharply in April.
COVID-19 Challenges State and Local Government Finances
By Alison FelixMay 13, 2020 | Economic Bulletin
State and local governments face liquidity challenges from the coronavirus pandemic in the near term, with substantial budget cuts likely in the next fiscal year.
The Global Pandemic and Run on Shadow Banks
By Rajdeep Sengupta and Fei XueMay 11, 2020 | Economic Bulletin
Elements of the recent period of financial stress can be explained as a run on “shadow banks,” which lack the safeguards of regulated depository institutions.
Economic Review
Mobile Banking Use and Consumer Readiness to Benefit from Faster Payments
By Fumiko Hayashi and Ying Lei TohApril 17, 2020 | Economic Review
Consumers who are younger, higher income, college-educated, or employed are the most ready to benefit from faster payments.
Population Turnover and the Growth of Urban Areas
By Jason P. Brown and Colton TouseyMarch 26, 2020 | Economic Review
More people are moving to and from large urban areas, leading to faster population growth over time.
Corporate Leverage and Investment
By W. Blake Marsh, David Rodziewicz and Karna ChelluriFebruary 27, 2020 | Economic Review
Firms with more debt invest less in the future.
Spending Patterns and Cost of Living for Younger versus Older Households
By Jun Nie and Akshat S. GautamJanuary 16, 2020 | Economic Review
Older households have faced slightly higher inflation rates than younger households over the past 40 years, though this gap is narrowing.
Why Aren’t More People Working in Low- and Moderate-Income Areas?
By Kelly D. EdmistonJanuary 02, 2020 | Economic Review
Fewer residents in low- and moderate-income communities are working compared with higher-income areas, due in large part to employment barriers.
Main Street Views
View all of our research on macroeconomics, monetary policy, payments, banking, regional and community issues in one location.
Agriculture & the Economy
Insights on agricultural and rural economies regionally and nationally.
Banking, Payments & Financial Markets
Issues affecting the banking and payments industries.
Jackson Hole Economic Policy Symposium
Our annual symposium draws central bankers, policymakers, academics and economists from around the world. The proceedings include papers, commentaries and discussions.
About the Symposium | Archive
The Kansas City Fed Data Curation Initiative
KCDC staff select, evaluate, and present information about data sources to help researchers more easily understand how certain data are created, described, and used.
