Banking and Policy Issues Magazine

December 2012

Interview with Elhanan Helpman

Harvard economist on theories of trade and growth, and how institutions affect economic performance

Download PDF     Previous Issues

Ninth District Notes



  • The “Banks” We Do Need
    Services once said to justify traditionally structured banks are now available through more efficient, less risky financial vehicles [PDF]

Research Digest

  • “A Promising Parable”
    Cristina Arellano, Patrick Kehoe and Yan Bai develop a model that convincingly generates macro patterns of the Great Recession [PDF]
  • Tragedy of the commons
    Measuring the unintended consequences of infrastructure projects in developing countries [PDF]
  • Who lives longer?
    Education appears to be a far more powerful factor than wealth or marital status [PDF]

Virtual Fed



Narayana Kocherlakota

Early Childhood Research at the Federal Reserve Bank of Minneapolis