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Series:Economic Review  Bank:Federal Reserve Bank of Kansas City 

Journal Article
The evolution of the payments system: a U.S. perspective

In an article adapted from a speech made to at the Annual Conference of the National Bank of Austria in May of this year, Federal Reserve Bank of Kansas City President Hoenig examines recent and prospective changes in the U.S. payments system. The theme of his remarks is that the rate at which a payments system develops depends largely on a struggle between rapid technological change and natural barriers to new product acceptance. This ongoing conflict explains why Americans have seen revolutionary developments in large-dollar payments but only evolutionary developments in small-dollar and ...
Economic Review , Volume 80 , Issue Q III , Pages 5-9

Journal Article
Guidelines for efficient reserve management

Economic Review , Volume 62 , Issue Nov , Pages 11-23

Journal Article
Migration in the Tenth District : long-term trends and current developments

The movement of people into and out of a state can have important implications for the state?s economy. The total net inflow of people to a state matters because it affects the overall supply of workers in the state. Economists predict that growth in the national labor force will slow in coming decades as a result of such factors as the aging of the baby boomers and the decline in the fertility rate. As this happens, the availability of workers is likely to become an increasingly more important factor in the location decisions of firms. ; Migration matters not only for the size of a state?s ...
Economic Review , Volume 91 , Issue Q III , Pages 33-74

Journal Article
The Social Security surplus - a solution to the federal budget deficit?

Economic Review , Volume 74 , Issue May , Pages 25-39

Journal Article
Mobile payments: What’s in it for consumers?

Mobile payments?those initiated on a mobile device such as a cell phone or tablet computer?have received a significant amount of attention recently but still have not been widely adopted in the United States. ; Hayashi examines the barriers that have limited the takeoff of mobile payments in the United States. The article also draws on consumer payments research to assess which attributes of mobile payments might encourage or discourage adoption by U.S. consumers. ; The article concludes that greater convenience and enhanced ability to monitor account balances are likely to encourage consumer ...
Economic Review , Volume 97 , Issue Q I , Pages 35-66

Journal Article
Defense spending and economic activity

Economic Review , Volume 65 , Issue Jul , Pages 3-14

Journal Article
The business and financial outlook for 1978

Economic Review , Volume 62 , Issue Dec , Pages 13-24

Journal Article
How Do FOMC Projections Affect Policy Uncertainty?

In January 2012, the Federal Open Market Committee (FOMC) began publicly releasing its participants? projections for the future value of the federal funds rate. The former FOMC Chair Ben Bernanke stated that these releases help the public form policy expectations. However, Federal Reserve Bank of San Francisco President John C. Williams noted that the range of the funds rate forecast conveyed disagreement and uncertainty. These projections may be conflicting in nature, and thus may not lower public uncertainty. Bundick and Herriford seek to answer the question: do these projections decrease ...
Economic Review , Issue Q II , Pages 5-22

Journal Article
U.S. investment in foreign equity markets

Economic Review , Volume 66 , Issue Apr , Pages 17-31

Journal Article
The Dispersion of Farmland Values in the Tenth District

Cortney Cowley examines the widening dispersion of farmland values in the Tenth Federal Reserve District and finds that land quality, climate, and commodity sales have played important roles.
Economic Review , Issue Q IV , Pages 29-67

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