Recently added articles from Economic Review (Kansas City, MO):

Maintaining stability in a changing financial system: some lessons relearned again?

Jan 01, 2008; Hoenig, Thomas M. ... It is a pleasure to be in Sydney today to participate in this meeting and to offer my perspectives on some of the recent events in financial markets and their implications for financial stability. Over the past three decades, we have experienced an increased number of financial crises in ...

Has the behavior of inflation and long-term inflation expectations changed?

Jan 01, 2008; Clark, Todd E. ... From 1975 to 1980, inflation in core (nonfood and non-energy) consumer prices rose sharply as crude oil prices more than tripled. Yet, as crude oil prices quadrupled from late 2001 to 2007, core consumer price inflation remained essentially flat. Some observers have attributed the ...

PCE and CPI inflation differentials: converting inflation forecasts.(Personal Consumption Expenditure Price Index)(Consumer Price Index)

Jan 01, 2008; Hakkio, Craig S. ... The Federal Reserve recently announced it will begin to release quarterly inflation forecasts based on the Personal Consumption Expenditure Price Index. As Chairman Bernanke said, the PCE index is generally thought to be "the single most comprehensive and theoretically compelling measure ...

Will rural prosperity prevail in 2008?

Jan 01, 2008; Henderson, Jason ... The rural economy was strong in 2007. Record farm incomes were fueled by rising ethanol demand and by stronger export demand, which was driven in part by a weaker dollar. Farmers used the year's higher profits both to strengthen their financial conditions and to boost investment in land ...