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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

A Regional Indicator of Commercial Real Estate Activity: The KC Fed CRE Index

The KC Fed CRE Index summarizes a variety of changes in regional CRE conditions with minimal lags.

Economic Review

A Strong Labor Market Has Narrowed Gaps between Black and White Non-College Men

Black men without a college degree have seen especially strong gains in employment and wages during the pandemic recovery.

Economic Review

Do the Effects of Interest Rate Changes Depend on Inflation?

When inflation is persistently high, the economy reacts to monetary policy more slowly and with more volatility.

Economic Review

Capital Flows and Monetary Policy in Emerging Markets around Fed Tightening Cycles

Emerging markets have responded foremost to domestic inflation when raising rates during U.S. tightening cycles.

Economic Review

Do Immigration Restrictions Affect Job Vacancies? Evidence from Online Job Postings

Employers in immigrant-reliant labor markets increased their job search efforts in response to the 2016–21 decline in immigration.

Economic Review

How Mergers in the Farm Credit System Have Affected Ag Banks

Ag banks likely altered some of their strategic portfolio decisions after an FCS merger in their local credit market.