Economic Review (Kansas City, MO)

Economic Review (Kansas City) is a magazine specializing in Economic topics.

Articles from Vol. 82, No. 2, Spring

Are We Living in the Middle of an Industrial Revolution?
I am an economic historian, part economist and part historian. To some, economists are funny. Historians do not appear to be as funny as economists. But at times one can find a good characterization of what historians do. A good metaphor of what economic...
Cyclical Implications of the Declining Manufacturing Employment Share
Over the last 35 years, the U.S. economy has created service sector jobs at a faster pace than manufacturing sector jobs. Not only has this trend led to a significant shift in the composition of the labor force from manufacturing to services, but...
Financing Rural America: A Conference Summary
After a steep recession in the 1980s, many rural places are mounting a strong economic comeback in the 1990s. Rural counties, for instance, have added jobs in the 1990s at about 1.8 percent annually, compared with meager gains in the 1980s. And some...
Monetary Policy without Reserve Requirements: Case Studies and Options for the United States
Over the past decade, the level of required reserve balances held by depository institutions in the United States has declined dramatically. Indeed, most depository institutions can now meet reserve requirements by holding vault cash rather than by...
Settlement Risk in Large-Value Payment Systems
Over the past two decades, the phenomenal growth of financial market and trading activities worldwide has led to tremendous growth in large-value payments systems. Large-value payments systems are the electronic systems banks use to transfer large...