Recently added articles from Economic Review (Kansas City, MO):
How will unemployment fare following the recession?
Jun 22, 2009; ... Since the start of the recession in December 2007, the U.S. unemployment rate has risen more than four percentage points. Similar sharp increases in unemployment have occurred in other severe recessions, such as those in 1973-75 and 1981-82. In the aftermath of those severe recessions, the ...
Beyond inflation targeting: should central banks target the price level?
Jun 22, 2009; ... Over the last two decades, many central banks have adopted formal inflation targets to guide the conduct of monetary policy. During this period, inflation has come down in many countries and been relatively stable by historical standards. This favorable performance to date, however, has ...
Was monetary policy optimal during past deflation scares?
Jun 22, 2009; ... Countries around the world have fallen into one of the deepest recessions since the Great Depression--a recession exacerbated by a severe financial crisis. Among the challenges that face monetary policymakers in such uncertain times is the danger economies worldwide, including the United ...
Coming home to rural America: demographic shifts in the Tenth District.
Jun 22, 2009; ... Sweeping demographic shifts are challenging the growth of many rural communities in the Tenth District. The retirement of the baby boomers, coupled with the exodus of young adults, threatens to leave rural areas with a rapidly aging population and a shrinking local workforce. The strength ...
Financial stress: what is it, how can it be measured, and why does it matter?
Mar 22, 2009; ... The U.S. economy is currently experiencing a period of significant financial stress. This stress has contributed to the downturn in the economy by boosting the cost of credit and making businesses, households, and financial institutions highly cautious. To alleviate the financial stress ...