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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

How Much Have Record Corporate Profits Contributed to Recent Inflation?

Firms raised markups during 2021 in anticipation of future cost pressures, contributing substantially to inflation.

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In 1989, S&Ls strengthened their balance sheets when the potential for future government assistance was withdrawn.

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