The Region September 2012 | The Federal Reserve Bank of Minneapolis

New and Larger Costs of Monopoly and Tariffs
Careful examination of industries in transition finds that both monopoly and tariffs generate significant costs [PDF]

Introduction to Research Digest [PDF]
Financial Integration and Business Cycle Sync
Credit shocks are a key factor in explaining how global banking ties affect synchronization, and lack thereof, among national economies [PDF]
“A Promising Parable”
Cristina Arellano, Patrick Kehoe and Yan Bai develop a model that convincingly generates macro patterns of the Great Recession [PDF]
Escape from the Quagmire
An “unconventional” fiscal policy to spur the economy, with intentional inflation but minimal risk [PDF]