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Economic Review

A quarterly research publication with articles on macroeconomics and monetary policy, regional and international economics, and banking and financial markets.

Recent Articles

Economic Review

Lifetime Earnings Differences across Black and White Individuals: Years Worked Matter

Black individuals earn about one-third less than white individuals over the course of their lifetimes.

Economic Review

The Evolving Role of the Fed’s Balance Sheet: Effects and Challenges

Shrinking the Federal Reserve’s expanded balance sheet will likely be a gradual process.

Economic Review

Can Higher Gasoline Prices Set Off an Inflationary Spiral?

When inflation is already high, an increase in gasoline prices can have an amplified effect on consumers’ inflation expectations.

Economic Review

Hybrid Working, Commuting Time, and the Coming Long-Term Boom in Home Construction

In the long run, hybrid working could lead single-family home construction to almost double in the largest metropolitan areas.

Economic Review

Government Assistance and Moral Hazard: Evidence from the Savings and Loan Crisis

In 1989, S&Ls strengthened their balance sheets when the potential for future government assistance was withdrawn.

Economic Review

Cutting-Edge Methods Did Not Improve Inflation Forecasting during the COVID-19 Pandemic

During the pandemic, innovative forecasting models did not outperform baseline models in forecasting inflation.


Economic Review articles may be reprinted if the source is credited and the Public Affairs Department of the Federal Reserve Bank of Kansas City is provided with copies. Permission to photocopy is unrestricted.