Economic Review
A quarterly research publication with articles on macroeconomics and monetary policy, regional and international economics, and banking and financial markets.
Recent Articles
Why Do Net Interest Margins Behave Differently across Banks as Interest Rates Rise?
Banks with declining net interest margins during the 2022–23 tightening cycle were more reliant on capital market funding.
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.
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.
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.
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.
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.
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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.