Topic - Public Economics

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On Financing Retirement with an Aging Population

Edward C. Prescott, Ellen R. McGrattan
September 2014 - Staff Report

Technical Appendix: On Financing Retirement with an Aging Population

Edward C. Prescott, Ellen R. McGrattan
September 2014 - Staff Report

Pay with Promises or Pay as You Go? Lessons from the Death Spiral of Detroit

Thomas J. Holmes, Lee E. Ohanian
July 2014 - Staff Report

State incentive fund helps ease North Dakota's affordable housing shortage

The North Dakota Housing Incentive Fund, a tax-incentive program to fund housing for essential workers and low- to moderate-income people, is a hit with contributors and developers alike.
Paula Woessner
July 2014 - Community Dividend

Optimal Tax Progressivity: An Analytical Framework

Giovanni L. Violante, Jonathan Heathcote, Kjetil Storesletten
February 2014 - Staff Report

Migration, Congestion Externalities, and the Evaluation of Spatial Investments

Sam Schulhofer-Wohl, Taryn Dinkelman
September 2013 - 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

Serdar Ozkan, Fatih Guvenen, Burhanettin Kuruscu
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

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