The Region June 2011 | The Federal Reserve Bank of Minneapolis

MIT economist on global asset shortages, financial fragility and the pretense of knowledge.

The Rich Complexity of Village Life
A Thai village study finds wide variation in risk attitudes, suggesting that policy to smooth economic volatility may need to be nuanced [In Brief] [PDF]
Liquidity Crises
Understanding sources and limiting consequences: A theoretical framework [PDF]
Accounting for the Great Recession
Why and how did the 2007-09 U.S. recession differ from all others? [PDF]

Opening up
Ellen McGrattan explores the relationship between economic growth and openness to foreign investors [PDF]
Is forgetting a problem?
A new study suggests that organizational forgetting is a less significant drain on productivity than previously thought [PDF]
Obstacles to growth
Diverging trends in Mexico and China suggest that, absent significant institutional reforms, China’s rapid progress will slow [PDF]