The Region September 2009 | The Federal Reserve Bank of Minneapolis

In Conversation with Gary H. Stern

Priorities for the Federal Reserve
Gary Stern's departing thoughts on where the Fed should focus its efforts [PDF]

Stern's Legacy
Reflections on Gary Stern's contributions while at the Minneapolis Fed, plus excerpts from his writings [PDF]
Narayana Kocherlakota
The Minneapolis Fed’s New President and CEO [PDF]
Macrostability Ratings: A Preliminary Proposal
Focusing supervisory attention by assessing the spillover potential of financial institutions [PDF]
The Way of the North
Canada’s banking system has earned praise for standing tall during the global financial crisis. Its sterling performance—and conservative bent—is no accident of history. [In Brief] [PDF]

A new Region feature that provides summaries of recent papers.

Fiscal Policy and the Great Depression
Ellen McGrattan's research suggests that dividend income taxation during Depression years may have had a significant impact on investment, equity values and GDP. [PDF]
Licensed to Bill
Morris Kleiner examines the dramatic rise of U.S. occupational licensing and the economic consequences of this little-noted trend. [PDF]