Banking and Policy Issues Magazine
September 2010
Interview with Thomas Sargent
New York University economist on the state of modern macro, polar models of bank regulation and the problem of persistently high unemployment
![Region Recap [MP3]](/img/region_recap_button.gif){kind=small}
Annual Reports
The RegionTop of the Ninth
- An Introduction to the FOMC
How the Fed’s central decision-making body sets monetary policy [PDF]
Scale Economies in Banking—A Symposium
- Size and Regulatory Reform in Finance: Important but Difficult Questions
[PDF]
- Scale Economies in Banking and Financial Regulatory Reform
[PDF]
- Scale Economies Are a Distraction
The real issue for policy is credible resolution of failing financial firms, not bank size [PDF]
Articles
- Sizing Up Job Creation
Are small businesses truly the engine of job growth? It depends on how you look at it [In Brief] [PDF]
- Tax Buyouts
Raising government revenue without distorting work decisions [PDF]
- An Antebellum Lesson
Bank insurance systems before the Civil War provide a clear message for policy today about the importance of incentives, authority and exposure to loss [PDF]
- The Suffolk System
Research Digest
The Region often includes one or two feature articles about economists at the Minneapolis Fed and their current work. Research Digest provides shorter summaries of recent economic research papers.- Explaining Growth
Economist Erzo Luttmer blends two competing theories to generate a model that helps account for patterns of employment growth in U.S. companies. [PDF]
- Asset Bubbles and Rat Races
A new Minneapolis Fed staff report by Veronica Guerrieri and her coauthor examines the effect of portfolio managers’ reputation-seeking on asset prices. [PDF]
Book Review
Student Essay Contest
- Economics and Obesity: Causes and Solutions
2009-2010 Essay Contest Winner [PDF]
Virtual Fed
- The Great Cache: 1929
Virtual Fed [PDF]
External Links
