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Bank:Federal Reserve Bank of Kansas City 

Journal Article
Land use planning perspectives

Economic Review , Volume 61 , Issue Mar , Pages 3-10

Working Paper
Why does liquidity matter in investment equations?

Research Working Paper , Paper 93-13

Working Paper
Prior Fraud Exposure and Precautionary Credit Market Behavior

We study how past experiences with privacy shocks affect individuals’ likelihood to take precautionary behavior when faced with a new privacy shock in the context of credit markets. We focus on experiences with identity theft and data breaches, two kinds of privacy shocks that either directly lead to fraud or put an individual at an elevated risk of experiencing fraud. We show that immediately after the announcement of the 2017 Equifax data breach, individuals with either kind of prior fraud exposure were more likely to freeze their credit report and close credit card accounts than ...
Research Working Paper , Paper RWP 22-14

Journal Article
Consumption taxes : macroeconomic effects and policy issues

Proposals for fundamental reform of the federal tax code are receiving increased attention in the business press and among economic analysts and policymakers. President Bush has identified tax reform as a top priority, calling for a tax system that is ?pro-growth, easy to understand, and fair to all.? Moreover, the President has appointed a commission to consider different approaches to tax reform. One approach might be to improve the current income-based federal tax code, perhaps by broadening the tax base and lowering income-tax rates. However, another approach might be to replace current ...
Economic Review , Volume 90 , Issue Q II , Pages 5-29

Journal Article
Does the inverted yield curve signal a recession?

Financial Letters , Issue Mar

Conference Paper
Overview : rethinking stabilization policy

Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
Labor market policies in response to structural changes in labor demand

Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
Panel on monetary policy options and tools

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Monetary policy actions and long-term interest rates

It is generally believed that monetary policy actions are transmitted to the economy through their effect on market interest rates. According to this standard view, a restrictive monetary policy by the Federal Reserve pushes up both short-term and long-term interest rates, leading to less spending by interest-sensitive sectors of the economy such as housing, consumer durable goods, and business fixed investment. Conversely, an easier policy results in lower interest rates that stimulate economic activity. Unfortunately, empirical studies and the observed behavior of interest rates appear to ...
Economic Review , Volume 80 , Issue Q IV , Pages 73-89

Journal Article
The Tenth District: matching a nation in recovery

Economic Review , Volume 77 , Issue Q I , Pages 5-18

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