Banking and Policy Issues Magazine

September 2009

Paul A. Volcker

In Conversation with Gary H. Stern

Download PDF     Region Recap [MP3]     Previous Issues

Bottom of the Ninth




Research Digest

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]

Book Reviews


Student Essay Contest


Virtual Fed


Latest Articles
Early Childhood Research at the Federal Reserve Bank of Minneapolis