Economic Review



The Economic Review is a quarterly research publication with articles by Federal Reserve Bank of Kansas City staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets, and payments systems.  For paper copies of previous issues of the Economic Review you can order onlineTo receive e-mail notification when new Economic Review articles are posted, sign up in our E-alert system.

Articles Organized by year or by topic: Banking and financial markets  | Monetary policy and macroeconomics  |  Speeches and symposium presentations  |  International economics  |  Payments SystemsRegional/rural/agricultural economics


Speeches and symposium presentations

2008

Maintaining Stability in a Changing Financial System: Some Lessons Relearned Again?
Thomas M. Hoenig, First Quarter    (Summary | Article PDF 164K)


2006

Shifts in Economic Geography and Their Causes
Anthony J. Venables, Fourth Quarter    (Summary | Article PDF 122K)


2005

The Greenspan Era: Lessons for the Future - A Summary of the Bank's 2005 Economic Symposium
George A. Kahn, Fourth Quarter    (Summary | Article PDF 155K)


2004

Impact of Population Aging on Financial Markets in Developed Countries
James M. Poterba, Fourth Quarter    (Summary | Article PDF 170K)

New Approaches to Rural Policy: Lessons from Around the World—A Conference Summary
Mark Drabenstott, Stephan Weiler, and Nancy Novack, Third Quarter    (Summary | Article PDF 170K)

Exploring the Macro-Prudential Aspects of Financial Sector Supervision
Thomas M. Hoenig, Second Quarter    (Summary | Article PDF 136K)


2003

Globalization and Global Disinflation
Kenneth Rogoff, Fourth Quarter    (Summary | Article PDF 301K)

A New Era for Rural Policy
Mark Drabenstott, Fourth Quarter    (Summary | Article PDF 170K)

Should More Supervisory Information Be Publicly Disclosed?
Thomas M. Hoenig, Third Quarter    (Summary | Article PDF 140K)

Main Streets of Tomorrow: Growing and Financing Rural Entrepreneurs—A Conference Summary
Mark Drabenstott, Nancy Novack, and Bridget Abraham, Third Quarter    (Summary | Article PDF 172K)

Community Banks and the Federal Reserve
Thomas M. Hoenig, Second Quarter    (Summary | Article PDF 436K)


2002

Central Bank Perspectives on Stabilization Policy—Articles from the bank's 2002 Economic Policy Symposium, 'Rethinking Stabilization Policy'
Alan Greenspan
Otmar Issing
Guillermo Ortiz
Yukata Yamaguchi
David Dodge, Fourth Quarter

The New Power of Regions: A Policy Forum for Rural America—A Conference Summary 
Mark Drabenstott and Katharine H. Sheaff, Second Quarter    (Summary | Article PDF 95K)


2001

Economic Policy for the Information Economy--A Summary of the Bank's 2001 Economic Symposium
Craig S. Hakkio, Fourth Quarter    (Summary | Article PDF 121K)

The 'New Economy': Background, Historical Perspective, Questions, and Speculations
J. Bradford DeLong and Lawrence H. Summers, Fourth Quarter    (Summary | Article PDF 121K)

Exploring Policy Options for a New Rural America--A Conference Summary
Mark Drabenstott and Katharine H. Sheaff, Third Quarter    (Summary | Article PDF 121K)

Why Invest in Rural America—And How? A Critical Public Policy Question for the 21st Century
Karl N. Stauber, Second Quarter    (Summary | Article PDF 121K)


2000

Global Economic Integration: Opportunities and Challenges--A Summary of the Bank's 2000 Symposium
George A. Kahn, Fourth Quarter    (Summary | Article PDF 121K)

How Should Monetary Policymakers Respond to the New Challenges of Global Economic Integration?
Donald Brash, Fourth Quarter    (Summary | Article PDF 121K)

Monetary Policy in a Changing World
Thomas M. Hoenig, Third Quarter    (Summary | Article PDF 121K)

Beyond Agriculture: New Policies for Rural America: A Conference Summary
Mark Drabenstott, Third Quarter    (Summary | Article PDF 121K)

Rural Policy Lessons from OECD Countries
Mario Pezzini, Third Quarter    (Summary | Article PDF 121K)


1999

New Challenges for Monetary Policy: A Summary of the Bank's 1999 Symposium
Gordon H. Sellon, Jr. and Charmaine R. Buskas, Fourth Quarter    (Summary | Article PDF 121K)

Monetary Policy and Asset Price Volatility
Ben Bernanke and Mark Gertler, Fourth Quarter    (Summary | Article PDF 121K)

Financial Industry Megamergers and Policy Challenges
Thomas M. Hoenig, Third Quarter    (Summary | Article PDF 121K)

Equity for Rural America: From Wall Street to Main Street -- A Conference Summary
Mark Drabenstott and Larry G. Meeker, Second Quarter    (Summary | Article PDF 121K)

Monetary Policy and the Well-Being of the Poor
Christina D. Romer and David H. Romer, First Quarter    (Summary | Article PDF 121K)

Consolidation in U.S. Agriculture: The New Rural Landscape and Public Policy
Mark Drabenstott, First Quarter    (Summary | Article PDF 121K)


1998

Income Inequality: A Summary of the Bank's 1998 Symposium
Stuart E. Weiner and Stephen A. Monto, Fourth Quarter    (Summary | Article PDF 121K)

The Asian Financial Crisis
Thomas M. Hoenig, Second Quarter    (Summary | Article PDF 121K)


1997

Why Is Financial Stability a Goal of Public Policy?
Andrew Crockett, Fourth Quarter    (Summary | Article PDF 121K)

Maintaining Financial Stability in a Global Economy: A summary of the Bank's 1997 Symposium
Charles Morris and Klara Parrish, Fourth Quarter    (Summary | Article PDF 121K)

Are We Living in the Middle of an Industrial Revolution?
Joel Mokyr, Second Quarter    (Summary | Article PDF 121K)

Financing Rural America: A Conference Summary
Mark Drabenstott and Larry Meeker, Second Quarter    (Summary | Article PDF 121K)

Bank Regulation: Asking the Right Questions
Thomas M. Hoenig, First Quarter    (Summary | Article PDF 121K)


1996

How Should Central Banks Reduce Inflation? Conceptual Issues
Mervyn King, Fourth Quarter    (Summary | Article PDF 121K)

Achieving Price Stability: A Summary of the Bank's 1996 Symposium
George A. Kahn, Fourth Quarter    (Summary | Article PDF 121K)

Rethinking Financial Regulation
Thomas M. Hoenig, Second Quarter    (Summary | Article PDF 121K)

The Swedish Experience in Reducing Budget Deficits and Debt
Goran Persson, First Quarter    (Summary | Article PDF 121K)

The Canadian Experience in Reducing Budget Deficits and Debt
Paul Martin, First Quarter    (Summary | Article PDF 121K)


1995

Budget Deficits and Debt--A Summary of the Bank's 1995 Symposium
Stuart E. Weiner, Fourth Quarter    (Summary | Article PDF 121K)

The Evolution of the Payments System: A U.S. Perspective
Thomas M. Hoenig, Third Quarter    (Summary | Article PDF 121K)

Capital for Agriculture and Rural America: Redefining the Federal Role
Mark Drabenstott, Third Quarter    (Summary | Article PDF 121K)

The U.S. Economy: A Look Ahead
Thomas M. Hoenig, First Quarter    (Summary | Article PDF 121K)

The Role of Monetary Policy: Where Does Unemployment Fit In?
Donald T. Brash, First Quarter    (Summary | Article PDF 121K)


1994

Past and Prospective Causes of High Unemployment
Paul Krugman, Fourth Quarter    (Summary | Article PDF 121K) 

Reducing Unemployment: Current Issues and Policy Options--A Summary of the Bank's 1994 Symposium
Bryon Higgins, Fourth Quarter    (Summary | Article PDF 121K)

Structural Changes in the Financial Markets: Economic and Policy Significance
Henry Kaufman, Second Quarter    (Summary | Article PDF 121K) 

Financial Markets in 2020
Charles S. Sanford, Jr., First Quarter    (Summary | Article PDF 121K)


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