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Banking and Policy Issues Magazine 2006 Annual Report Issue
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Message from the President
Gary H. Stern, Federal Reserve Bank of Minneapolis
2006 Annual Report Essay
Modern Macroeconomics in Practice:
How Theory is
Shaping Monetary Policy
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Over the last three decades, macroeconomic theory and the practice of macroeconomics by economists have changed significantly—for the better. Macroeconomics is now firmly grounded in the principles of economic theory. These advances have not been restricted to the ivory tower. Over the last several decades, the United States and other countries have undertaken a variety of policy changes that are precisely what macroeconomic theory of the last 30 years suggests.
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2006 Operations Report
Message from the First Vice President
James M. Lyon, Federal Reserve Bank of Minneapolis
2006 by the Numbers
2006 Financial Statements [PDF]
Send comments to letters@mpls.frb.org.
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