Economic Review - Federal Reserve Bank of Kansas City

Articles from Vol. 83, No. 3, Third Quarter

A Closer Look at the Employment Cost Index
Labor costs have recently come under scrutiny by policymakers, business economists, and financial market participants. The primary concern has been that tight labor markets might lead to faster compensation growth and, ultimately, to upward pressure...
Conducting Monetary Policy with Inflation Targets
Since the early 1990s, a number of central banks have adopted numerical inflation targets as a guide for monetary policy. The targets are intended to help central banks achieve and maintain price stability by specifying an explicit goal for monetary...
New Evidence on the Output Cost of Fighting Inflation
The Federal Reserve has made significant progress toward price stability over the last two decades. The annual inflation rate has declined from 13 percent in the early 1980s to roughly 2 percent today. The current environment of low and stable inflation...
This Little Piggy Went to Market: Will the New Pork Industry Call the Heartland Home?
Throughout the 1990s, the pork industry has been at the forefront of a revolution in the structure of the U. S. food and agricultural sector. In particular, the pork industry has been rapidly moving away from its traditional structure built on hundreds...
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