Economic Research
Economic ResearchTopic - Public Economics
On Financing Retirement with an Aging Population
Edward C. Prescott, Ellen R. McGrattan
October 2012 - Staff Report
Technical Appendix: On Financing Retirement with an Aging Population
Edward C. Prescott, Ellen R. McGrattan
October 2012 - Staff Report
Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Sam Schulhofer-Wohl, Taryn Dinkelman
August 2012 - Working Paper
Capital Taxation During the U.S. Great Depression
Ellen R. McGrattan
January 2012 - Staff Report
Technical Appendix: Capital Taxation During the U.S. Great Depression
Ellen R. McGrattan
January 2012 - Staff Report
On Efficiently Financing Retirement
Edward C. Prescott, Ellen R. McGrattan
November 2011 - Working Paper
Measuring the impact of community development: A conversation with Paul Mattessich of Wilder Research
Community Dividend speaks with Paul Mattessich, executive director of Wilder Research, about how to effectively and affordably measure the impact of community development work.
Ela Rausch
July 2011 - Community Dividend
Costly Financial Intermediation in Neoclassical Growth Theory
Edward C. Prescott, Rajnish Mehra, Facundo Piguillem
April 2011 - Working Paper
Adopting a place-conscious approach to community development: A conversation with Margery Austin Turner of the Urban Institute
Community Dividend speaks with Margery Austin Turner, Vice President for Research at the Urban Institute's Metropolitan Housing and Communities Policy Center, to learn about her comprehensive, thought
Sandy Gerber
October 2010 - Community Dividend
Research examines the receipt of earned income tax credits among welfare recipients
According to the research on earned income tax credits, welfare recipients who work are less likely to receive the credits than eligible individuals who are not on welfare.
Donald P. Hirasuna
July 2010 - Community Dividend
Interview with Robert Hall
Stanford University economist on labor market dynamics, financial frictions, monetary policy and dating a recession
Douglas Clement
June 2010 - The Region
Taxes, Wages and Human Capital
Progressive tax policies decrease before-tax wage inequality, suggests research by Fatih Guvenen and colleagues, by diminishing motivation to acquire higher education and job skills
Douglas Clement
June 2010 - The Region
Tax Buyouts
Fabrizio Perri, Marco Del Negro, Fabiano Schivardi
March 2010 - Staff Report
Minnesota's Earned Income Credit Program: Utilization by Current and Former Welfare Households and the Impact of Policy Parameters
An analysis of utilization of the State of Minnesota's earned income credit (the Working Family Credit) among current and former welfare recipients.
Donald P. Hirasuna, Thomas F. Stinson
December 2009 - Community Development Papers
Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis
Fatih Guvenen, Burhanettin Kuruscu, Serdar Ozkan
November 2009 - Staff Report
Risk Sharing, Inequality, and Fertility
Larry E. Jones, Ali Shourideh, Roozbeh Hosseini
September 2009 - Working Paper
Who Do You Trust with Your Money?
Two books take a hard look at Federal Reserve independence.
David Fettig
September 2009 - The Region
Public-Private Partnerships: For Whom the Road Tolls?
PPPS are popping up worldwide, and increasingly in the United States. Are they a way forward for crumbling infrastructure?
Ronald A. Wirtz
June 2009 - The Region
Business Start-Ups and Productive Efficiency
Hakki Yazici
September 2008 - Working Paper
Accounting for Private Information
Pricila Maziero, Laurence Ales
June 2008 - Working Paper
Taxation, Aggregates and the Household
Gustavo Ventura, Nezih Guner, Remzi Kaygusuz
April 2008 - Working Paper
Putting a Price on Carbon
To address global warming, most economists favor a focus on prices, not quantities.
Phil Davies
December 2007 - The Region
On the Needed Quantity of Government Debt
Edward C. Prescott, Kathryn Birkeland
November 2007 - Quarterly Review
On Public Policy and Economic Education
Top of the Ninth
Gary H. Stern
September 2007 - The Region
Stepping Beyond the Rice Fields
The Economics of Immigration--Winning Essay
Jordan Wong
September 2007 - The Region
On the Optimal Choice of a Monetary Policy Instrument
Patrick J. Kehoe, V. V. Chari, Andrew Atkeson
August 2007 - Staff Report
Disaster Zone
Why conventional insurance alone isn't the best way to cope with the next catastrophe.
Richard M. Todd, Phil Davies
December 2006 - The Region
Flaws in the Ointment
Disaster insurance markets are distorted, economists argue, and could be improved.
Phil Davies
December 2006 - The Region
Circle, or square?
Ronald A. Wirtz
September 2006 - The Region
Interview with Martin Feldstein
Harvard economist Martin S. Feldstein on monetary policy, social security reform, tax cuts and the NBER.
Douglas Clement
September 2006 - The Region
The Hidden Economy of Nonprofits
We know surprisingly little about nonprofits. Does it matter? Do they?
Ronald A. Wirtz
September 2006 - The Region
Consumption Over the Life Cycle? How Different Is Housing?
Fang Yang
August 2006 - Working Paper
Modern Macroeconomics in Practice: How Theory is Shaping Policy
Patrick J. Kehoe, V. V. Chari
August 2006 - Staff Report
From Almshouses to Townhouses
The power of eminent domain isn't what it used to be
Arthur J. Rolnick, Phil Davies
June 2006 - The Region
The Cost of Kelo
Contrary to last year's U.S. Supreme Court ruling, using eminent domain to foster economic development diminishes the public good.
Arthur J. Rolnick, Phil Davies
June 2006 - The Region
Copenhagen Consensus Panel of Experts
May 2006 - The Region
Giving Aid Effectively
University of Chicago economist and former Minneapolis Fed adviser Nancy Stokey on the goals and methods of the Copenhagen Consensus, in which 8 prominent economists used benefit/cost analysis to eval
Nancy L. Stokey
May 2006 - The Region
Message from the President
2005 Annual Report Federal Reserve Bank of Minneapolis
Gary H. Stern
May 2006 - The Region
Tax Smoothing with Redistribution
Iván Werning
December 2005 - Staff Report
Optimal Monetary Policy: What We Know and What We Don’t Know
Narayana Kocherlakota
October 2005 - Quarterly Review
Accounting for the Heterogeneity in Retirement Wealth
Fang Yang
September 2005 - Working Paper
Early Childhood Development on a Large Scale
Rob Grunewald and Art Rolnick's proposal for investment in early childhood education.
Arthur J. Rolnick, Rob Grunewald
June 2005 - The Region
Interview with James Heckman
Nobel prize-winning economist James Heckman on discrimination, job training and early childhood education.
Douglas Clement
June 2005 - The Region
Pensions in Peril
The federal agency that insures private pensions has a $23 billion deficit, raising the specter of a taxpayer bailout. Proposals abound,
but fixing the problem won't be easy.
Phil Davies
June 2005 - The Region
The Top 50—Revisited
Would public disclosure of pension underfunding be useful?
Ron J. Feldman, Daniel Rozycki
June 2005 - The Region
The White House Plan
Depending on your perspective, President Bush’s proposal to reform pension insurance is either a life preserver for the Pension Benefit Guaranty Corp., or an iron yoke that will pull the private pensi
Phil Davies
June 2005 - The Region
Taxation, Entrepreneurship, and Wealth
Mariacristina De Nardi, Marco Cagetti
July 2004 - Staff Report
Why Do Americans Work So Much More Than Europeans?
Edward C. Prescott
July 2004 - Quarterly Review
Dynamic Optimal Taxation with Private Information
Christopher Sleet, Stefania Albanesi
May 2004 - Discussion Paper
The Intergenerational State: Education and Pension
Michele Boldrin, Ana Montes
May 2004 - Staff Report
The ABCs of Early Childhood Development
Report from a conference on the economics of early childhood development.
Kathy Cobb
December 2003 - The Region
Why Do Americans Work So Much More Than Europeans?
Edward C. Prescott
November 2003 - Staff Report
Anti-Poverty Design: The Cash-Out Option
The poverty debate largely ignores the success of the Earned Income Tax Credit and, by extension, the insights it might hold for future policy design.
Ronald A. Wirtz
June 2003 - The Region
Buddy, can you spare an EITC?
Ronald A. Wirtz
June 2003 - The Region
The Time Consistency of Monetary and Fiscal Policies
Patrick J. Kehoe, Fernando Alvarez, Pablo Neumeyer
April 2003 - Staff Report
A Little-Talked-About Solution to the Long-Term Budget Problem
Guest Editorial: Preston Miller suggests that long-term federal budget problems, exacerbated by the needs of an aging population, might be alleviated by a new approach to funding benefits received by
Preston J. Miller
December 2002 - The Region
Cost v. Benefit: Clearing the Air?
This year's historic Supreme Court case pit industry against environmentalists, but the role of economics in regulatory policy was (and still is) on trial
Douglas Clement
December 2001 - The Region
Thoughts on the Fed’s Role in the Payments System
Edward J. Green, Richard M. Todd
December 2001 - Quarterly Review
Why Costs Should Count
Douglas Clement
December 2001 - The Region
Interview with Thomas Sowell
Hoover Institution economist and prolific author talks about the value of economic literacy in formulating better public policy, his writing style and a variety of other topics.
David Fettig
September 2001 - The Region
Observations on Public Policy: The Case of Homelessness
Guest Editorial: Minneapolis Fed Vice President and Advisor Preston Miller reflects on homelessness and offers some important considerations and relevant facts about this significant issue.
Preston J. Miller
September 2001 - The Region
Catching up with Lawrence Lindsey
Once a Fed governor considering monetary policy, now head of the president’s National Economic Council pondering fiscal policy.
David Fettig
June 2001 - The Region
On the Irrelevance of the Maturity Structure of Government Debt Without Commitment
Christopher Phelan
January 2001 - Staff Report
Public Trust and Government Betrayal
Christopher Phelan
January 2001 - Staff Report
Putting a Finger on the Grand (Income) Canyon
Critics are hitting the “income disparity” button hard, but many commonly perceived sources and silver-bullet solutions fall short.
Ronald A. Wirtz
December 2000 - The Region
Butterfly Economics: A New General Theory of Social and Economic Behavior
Book Review
Michael J. Stutzer
September 2000 - The Region
Maintenance and Repair: Too Big to Ignore
Ellen R. McGrattan, James A. Schmitz, Jr.
September 1999 - Quarterly Review
Taxing Capital Income: A Bad Idea
Patrick J. Kehoe, V. V. Chari, Andrew Atkeson
July 1999 - Quarterly Review
Risk Sharing: Private Insurance Markets or Redistributive Taxes?
Fabrizio Perri, Dirk Krueger
June 1999 - Staff Report
Interview with Arnold Harberger
An interview with the dean of the “Chicago Boys.”
David Levy
March 1999 - The Region
Optimal Fiscal and Monetary Policy
Patrick J. Kehoe, V. V. Chari
July 1998 - Staff Report
Self-Fulfilling Debt Crises
Timothy J. Kehoe, Harold L. Cole
July 1998 - Staff Report
Technical Appendix: The Optimum Quantity of Debt
Ellen R. McGrattan, S. Rao Aiyagari
November 1997 - Staff Report
The Optimum Quantity of Debt
Ellen R. McGrattan, S. Rao Aiyagari
November 1997 - Staff Report
The Poverty of Nations: A Quantitative Investigation
Ellen R. McGrattan, Patrick J. Kehoe, V. V. Chari
October 1997 - Staff Report
A report from the battlefield
Conference attendees agree on some proposals,
but no treaty
David Fettig
June 1996 - The Region
An Economic War
Alice M. Rivlin
June 1996 - The Region
Bidding against the future?
Robert B. Reich
June 1996 - The Region
Business climate and the role of development incentives
Brian Dabson, Carl Rist, William Schweke
June 1996 - The Region
Commerce Clause restraints on state tax incentives
Walter Hellerstein
June 1996 - The Region
Doing battle over the incentives war: Improve accountability but avoid federal noncompete mandates
Graham S. Toft
June 1996 - The Region
Eight issues for policy toward economic development incentives
Timothy J. Bartik
June 1996 - The Region
Like all wars, this one requires political leadership
Top of the Ninth Column
Gary H. Stern
June 1996 - The Region
On the efficiency effects of tax competition for firms
Joe Mattey, Mark Spiegel
June 1996 - The Region
Taxes, incentives and competition for investment
Peter S. Fisher, Alan H. Peters
June 1996 - The Region
The Economic War Among the States: An Overview
The pros and cons of the debate
Chris Farrell
June 1996 - The Region
The Symposium Goes Cyber
The Internet's role in the debate
June 1996 - The Region
The congressional process and the constitutionality of federal legislation to end the economic war among the states
Philip P. Frickey
June 1996 - The Region
The power of Congress to regulate interstate economic competition
Larry Kramer
June 1996 - The Region
The problem with state bidding wars and some possible remedies
Gerald W. McEntee
June 1996 - The Region
A Self-Fulfilling Model of Mexico's 1994-95 Debt Crisis
Timothy J. Kehoe, Harold L. Cole
April 1996 - Staff Report
The Role Played by Public Enterprises: How Much Does It Differ Across Countries?
James A. Schmitz, Jr.
April 1996 - Quarterly Review
Valuation Equilibria With Clubs
Edward C. Prescott, Harold L. Cole
March 1996 - Staff Report
Social Insurance and Taxation Under Sequential Majority Voting and Utilitarian Regimes
Dan Peled, S. Rao Aiyagari
August 1995 - Staff Report
A New Idea for Welfare Reform
Michael P. Keane
April 1995 - Quarterly Review
Analyzing a Proposal to Ban State Tax Breaks to Businesses
Thomas J. Holmes
April 1995 - Quarterly Review
On the Political Economy of Education Subsidies
Raquel Fernandez, Richard Rogerson
December 1994 - Staff Report
On the Emergence of Parliamentary Government: The Role of Private Information
Edward J. Green
December 1993 - Quarterly Review
In Order to Form a More Perfect Monetary Union
Arthur J. Rolnick, Warren E. Weber, Bruce D. Smith
September 1993 - Quarterly Review
Optimal Fiscal Policy in a Business Cycle Model
Patrick J. Kehoe, V. V. Chari, Lawrence J. Christiano
July 1993 - Staff Report
Optimality of the Friedman Rule in Economies With Distorting Taxes
Patrick J. Kehoe, V. V. Chari, Lawrence J. Christiano
July 1993 - Staff Report
How Little We Know About Deficit Policy Effects
Preston J. Miller, William Roberds
December 1992 - Quarterly Review
How the U.S. Treasury Should Auction Its Debt
V. V. Chari, Robert J. Weber
September 1992 - Quarterly Review
Optimal Fiscal and Monetary Policy: Some Recent Results
Patrick J. Kehoe, V. V. Chari, Lawrence J. Christiano
November 1991 - Staff Report
A Reconsideration of the Problem of Social Cost: Free Riders and Monopolists
V. V. Chari, Larry E. Jones
July 1991 - Staff Report
Playing by the Rules: A Proposal for Federal Budget Reform
A synopsis of the Minneapolis Fed's 1990 Annual Report.
V. V. Chari, Preston J. Miller
June 1991 - The Region
Tax Analysis in a Real Business Cycle Model: On Measuring Harberger Triangles and Okun Gaps
Gregory W. Huffman, Jeremy Greenwood
March 1991 - Staff Report
Gramm-Rudman-Hollings' Hold on Budget Policy: Losing Its Grip?
Preston J. Miller
December 1989 - Quarterly Review
How Should Taxes Be Set?
S. Rao Aiyagari
December 1989 - Quarterly Review
Sustainable Plans and Debt
Patrick J. Kehoe, V. V. Chari
November 1989 - Staff Report
Sustainable Plans and Mutual Default
Patrick J. Kehoe, V. V. Chari
October 1989 - Staff Report
There's no such thing as a good recession
fedgazette Editorial
Arthur J. Rolnick
September 1989 - fedgazette
Sustainable Plans
Patrick J. Kehoe, V. V. Chari
June 1989 - Staff Report
How Little We Know About Budget Policy Effects
Preston J. Miller, William Roberds
April 1989 - Staff Report
On the Denomination of Government Debt: A Critique of the Portfolio Balance Approach
Patrick J. Kehoe, David K. Backus
November 1988 - Staff Report
Time Consistency and Policy
Edward C. Prescott, Patrick J. Kehoe, V. V. Chari
August 1988 - Staff Report
The Federal Budget's Effects on Intergenerational Equity: Undone or Not Undone?
Gary H. Stern
December 1987 - Quarterly Review
Improving Intergovernmental Finance: A Message From the Northland
Michael J. Stutzer
April 1987 - Quarterly Review
Intergenerational Linkages and Government Budget Policies
S. Rao Aiyagari
April 1987 - Quarterly Review
A Reply to Darby
Preston J. Miller, Thomas J. Sargent
December 1985 - Quarterly Review
Deficits, Interest Rates, and the Tax Distribution
S. Rao Aiyagari
December 1985 - Quarterly Review
Some Pleasant Monetarist Arithmetic
Michael R. Darby
December 1985 - Quarterly Review
Some Unpleasant Monetarist Arithmetic
Thomas J. Sargent
December 1985 - Quarterly Review
A Reply to Darby
Preston J. Miller, Thomas J. Sargent
April 1984 - Quarterly Review
Should Currency Be Priced Like Cars?
Richard M. Todd, Thomas M. Supel
April 1984 - Quarterly Review
Some Pleasant Monetarist Arithmetic
Michael R. Darby
April 1984 - Quarterly Review
Higher Deficit Policies Lead to Higher Inflation
Preston J. Miller
December 1983 - Quarterly Review
Budget Deficit Mythology
Preston J. Miller
September 1983 - Quarterly Review
Some Unpleasant Monetarist Arithmetic
Neil Wallace, Thomas J. Sargent
September 1981 - Quarterly Review
Deficit Policies, Deficit Fallacies
Preston J. Miller
July 1980 - Quarterly Review
TIP: The Wrong Way to Fight Inflation
Preston J. Miller
April 1978 - Quarterly Review
The Right Way to Price Federal Reserve Services
Preston J. Miller
July 1977 - Quarterly Review
