Economic Review - Federal Reserve Bank of Kansas City

Articles from Vol. 78, No. 2, Second Quarter

Are There Too Many Governments in the Tenth District?
Many taxpayers in the Tenth District and elsewhere have become concerned about their state and local government tax burdens. Yet, few citizens are willing to accept fewer public services to ease their tax burdens. As a result, keeping the lid on public...
Asymmetric Effects of Monetary Policy
Does tight monetary policy slow the economy more than easy monetary policy accelerates the economy? Recent U.S. experience suggests that may be the case. When monetary policy was tight in 1988 and 1989, the economy seemed to slow in response. Yet when...
Can IRAs Cure the Low National Savings Rate?
Many Americans believe the low national savings rate is a serious economic problem. Because savings, and in turn investment, are key determinants of real income growth and future living standards, economists and fiscal policymakers have proposed various...
The Changing U.S. Pork Industry: A Dilemma for Public Policy
The shape of the U.S. pork industry is changing dramatically, as pork production shifts into the hands of fewer, larger farmers with closer ties to processors and consumers. The changing shape of the pork industry, the nation's second largest meat industry,...
The Impact of Monetary Policy on Bank Lending: The Role of S
The seemingly small impact of easier monetary policy on bank lending during the recent recovery has added to the controversy over the lending view of monetary policy. According to the lending view, easier monetary policy stimulates the economy by increasing...

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