FRBKC Publishes 2Q10 Economic Review

The Federal Reserve Bank of Kansas City has released its 2Q10 Economic Review with articles:

  • The Efficacy of Large-Scale Asset Purchases at the Zero Lower Bound
  • What Is the Effect of Financial Stress on Economic Activity?
  • Taylor Rule Deviations and Financial Imbalances
  • The Changing Nature of U.S. Card Payment Fraud: industry and Public Policy Options

The Taylor Rule paper by George A. Khan is most interesting and concludes that the “strongest and most robust relationship is between house price indicators and Taylor Rule deviations”. Unfortunately, the PDF is locked (why do they do this?) so I won’t quote from it.

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