Federal Reserve Bank of Kansas City RWP 17-07, July 2017, updated Dec. 2019
Forward guidance about future monetary policy can lower term premia in bond markets, even without large-scale asset purchases.
Federal Reserve Publications
(with Brent Bundick)
Federal Reserve Bank of Kansas City, Economic Review 102(2), Second Quarter 2017
Measures of uncertainty fell after the FOMC began releasing its interest rate projections; however, uncertainty is significantly correlated with disagreement across participants’ projections.
(with Huixin Bi)
Federal Reserve Bank of Kansas City, Macro Bulletin, Sept. 27, 2017
State and local pension plans are increasingly turning to alternative investments, but underfunding only partially explains this shift.
Federal Reserve Bank of Kansas City, Macro Bulletin, June 21, 2017
Households have lowered their longer-term inflation outlooks, but they appear confident in the FOMC’s ability to achieve stable prices.
Federal Reserve Bank of Kansas City, Macro Bulletin, Dec. 1, 2016
While international shipping costs are generally not included in import price indices, an increase in shipping costs still leads to a modest boost in core inflation after one year.