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The Region
Banking and Policy Issues Magazine

June 2003

Top of the Ninth
Gary Stern, president of the Federal Reserve Bank of Minneapolis, proposes achieving the objectives of regulatory restructuring without going through the process itself.

Region Cover June 2003

Accounting for the Rich
Recent research clarifies the economics of wealth concentration.

Beyond “Rich” and “Poor”
A meticulous analysis reveals the full depth and breadth of U.S. economic inequality.

Anti-Poverty Design:
The Cash-Out Option

The Earned Income Tax Credit works, but where does it fit in overall poverty policy?

Business Cycles and Long-Term Growth: Lessons from Minnesota
A look at state economic performance offers a broader message.

Interview with Donald E. Powell
The chairman of the Federal Deposit Insurance Corp. shares his thoughts on regulatory reform, the value of market data and other issues with Minneapolis Fed President Gary Stern.

Using Economics to Cool Down the Environment
Winning entry in the Minneapolis Fed's annual student essay contest.

Book Review
The Big Problem of Small Change

Remembering When ...
The New York Fed's open market desk tracked government securities prices on a chalkboard for more than 50 years.

Letter to the Editor

Recaps
Gary Stern FSPC chair
Edward Prescott wins Erwin Plein Nemmers Prize in Economics

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