Topic - Economic History

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What Ever Happened to the Puerto Rican Sugar Manufacturing Industry?

James A. Schmitz, Jr., Arilton Teixeira, Benjamin Bridgman, Michael Maio
December 2012 - Staff Report

Catch-up Growth Followed by Stagnation: Mexico, 1950–2010

Timothy J. Kehoe, Felipe Meza
November 2012 - Working Paper

Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post

Sam Schulhofer-Wohl, Miguel Garrido
September 2012 - Staff Report

Clearing Arrangements in the United States before the Federal Reserve System

Warren E. Weber
February 2012 - Working Paper

Bank Liability Insurance Schemes Before 1865

Warren E. Weber
December 2011 - Working Paper

Modeling the Evolution of Age and Cohort Effects in Social Research

Sam Schulhofer-Wohl, Yang Yang
September 2011 - Staff Report

A Model of Commodity Money with Minting and Melting

Warren E. Weber, Angela Redish
July 2011 - Staff Report

Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post

Sam Schulhofer-Wohl, Miguel Garrido
April 2011 - Working Paper

Fiscal Policy and the Great Depression

Ellen McGrattan's research suggests that dividend income taxation during Depression years may have had a significant impact on investment, equity values and GDP.
Douglas Clement
September 2009 - The Region

Interview with Paul A. Volcker

In Conversation with Gary H. Stern
September 2009 - The Region

Stern's Legacy

Reflections on Gary Stern's contributions while at the Minneapolis Fed, plus excerpts from his writings
September 2009 - The Region

Who Do You Trust with Your Money?

Two books take a hard look at Federal Reserve independence.
David Fettig
September 2009 - The Region

Addressing TBTF by Shrinking Institutions: An Initial Assessment

Gary H. Stern, Ron J. Feldman
June 2009 - The Region

Better Late Than Never: Addressing Too-Big-To-Fail

Gary H. Stern
June 2009 - The Region

2008 Annual Report - Full

The Minneapolis Fed's 2008 complete annual report is available here as a PDF, and includes an essay on the lessons from the Great Depressions of the 20th century, letters from President Gary Stern and
May 2009 - The Region

The Current Financial Crisis: What Should We Learn From the Great Depressions of the 20th Century?

2008 Annual Report Essay
Timothy J. Kehoe, Gonzalo Fernandez de Cordoba
May 2009 - The Region

The Current Financial Crisis: What Should We Learn From the Great Depressions of the 20th Century?

2008 Annual Report Essay
Timothy J. Kehoe, Gonzalo Fernandez de Cordoba
May 2009 - Annual Reports

The Current Financial Crisis: What Should We Learn from the Great Depressions of the Twentieth Century?

Timothy J. Kehoe, Gonzalo Fernandez de Cordoba
April 2009 - Staff Report

Using the General Equilibrium Growth Model to Study Great Depressions: A Reply to Temin

Edward C. Prescott, Timothy J. Kehoe
December 2008 - Staff Report

Coin Sizes and Payments in Commodity Money Systems

Warren E. Weber, Angela Redish
October 2008 - Staff Report

Interview with Christina and David Romer

Douglas Clement
September 2008 - The Region

Just what is the middle class, and other stuff

Terry J. Fitzgerald, Ronald A. Wirtz
September 2008 - fedgazette

The Rise and Fall of Nicholas Biddle

Brilliant and seemingly destined for greatness, America’s first central banker failed when put to the test in the Bank War
Phil Davies
September 2008 - The Region

The “Monster” of Chestnut Street

The life and death of the Second Bank of the United States is a cautionary tale about the exercise of monetary power
Phil Davies
September 2008 - The Region

Where Has All the Income Gone?

Middle American incomes rise substantially even while inequality increases
Terry J. Fitzgerald
September 2008 - The Region

Back to the Future with Keynes

Lee E. Ohanian
June 2008 - Quarterly Review

The History of a Powerful Paragraph

Section 13(3) enacted Fed business loans 76 years ago
David Fettig
June 2008 - The Region

Economic Turbulence: Is a Volatile Economy Good for America?

Book Review
Terry J. Fitzgerald
September 2007 - The Region

Has Middle America Stagnated?

A closer look at hourly wages
Terry J. Fitzgerald
September 2007 - The Region

The Bank that Hamilton Built

At the dawn of the Republic, the First Bank of the United States created a model for American financial markets and monetary policy that endures to this day.
Phil Davies
September 2007 - The Region

Nature or Nurture? Learning and Female Labor Force Dynamics

Alessandra Fogli, Laura Veldkamp
February 2007 - Staff Report

Early State Banks in the United States: How Many Were There and Where Did They Exist?

Warren E. Weber
September 2006 - Quarterly Review

A Model of Banknote Discounts

Warren E. Weber, Francesca Carapella, Pricila Maziero, Laurence Ales
March 2006 - Working Paper

Early State Banks in the United States: How Many Were There and When Did They Exist?

Warren E. Weber
December 2005 - Working Paper

Interview with Edward Green

From the emergence of democracy in 13th century England to current controversies in central banking.
Douglas Clement
December 2005 - The Region

Mr. Peyton's Bank

Through hard work and force of personality, John Peyton transformed the Minneapolis Fed into a source of strength and succor in turbulent times.
Phil Davies
December 2005 - The Region

Were U.S. State Banknotes Priced as Securities?

Warren E. Weber
May 2005 - Staff Report

The Macroeconomics of Child Labor Regulation

Fabrizio Zilibotti, Matthias Doepke
February 2005 - Staff Report

Historical Perspectives on Form and Function

The evolution of the Fed through the years.
James McAfee
September 2004 - The Region

Interview with Claudia Goldin

Harvard economist Claudia Goldin shares her passion for historical research in areas such as urban slavery, the labor history of American women and the economic impact of educational movements.
Douglas Clement
September 2004 - The Region

Home, Home on the Grange

Book Reviews
David Fettig
June 2004 - The Region

Interview with Ben S. Bernanke

Federal Reserve governor and noted macroeconomist on inflation targeting, asset bubbles, the Great Depression and other topics.
Arthur J. Rolnick
June 2004 - The Region

Message from the President

2003 Annual Report
Gary H. Stern
May 2004 - The Region

The Industrial Revolution: Past and Future

2003 Annual Report Essay
Robert E. Lucas, Jr.
May 2004 - The Region

The Industrial Revolution: Past and Future

Robert E. Lucas, Jr.
May 2004 - Annual Reports

A History of the Federal Reserve, Volume 1: 1913-1951

Marvin Goodfriend
December 2003 - The Region

The 1929 Stock Market: Irving Fisher Was Right

Edward C. Prescott, Ellen R. McGrattan
December 2003 - Staff Report

Interbank Payments Relationships in the Antebellum United States: Evidence From Pennsylvania

Warren E. Weber
July 2003 - Quarterly Review

The Big Problem of Small Change

Book Review
Arthur J. Rolnick, Warren E. Weber
June 2003 - The Region

Accounting for the Great Depression

Ellen R. McGrattan, Patrick J. Kehoe, V. V. Chari
April 2003 - Quarterly Review

Crossroads of Freedom: Antietam and Five Days in London: May 1940

Book Reviews
David Fettig
December 2002 - The Region

Decades Lost and Found: Mexico and Chile Since 1980

Patrick J. Kehoe, Timothy J. Kehoe, Raimundo Soto, Raphael Bergoeing
December 2002 - Quarterly Review

How the Fed Made Section 13(b) Loans

David Fettig
December 2002 - The Region

Lender of More Than Last Resort

Recalling Section 13(b) and the years when the Federal Reserve banks opened their discount windows to district businesses in times of economic stress.
David Fettig
December 2002 - The Region

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825-58)

Arthur J. Rolnick, Warren E. Weber, Bruce D. Smith
September 2002 - Quarterly Review

Money and Inflation in Colonial Massachusetts

Bruce D. Smith
September 2002 - Quarterly Review

The Relationship Between Money and Prices: Some Historical Evidence Reconsidered

Bruce D. Smith
September 2002 - Quarterly Review

The Ordinary Business of Life: A History of Economics from the Ancient World to the Twenty-First Century

Book Review
David Fettig
June 2002 - The Region

Why Did Productivity Fall So Much During the Great Depression?

Lee E. Ohanian
April 2002 - Quarterly Review

A Decade Lost and Found: Mexico and Chile in the 1980s

Patrick J. Kehoe, Timothy J. Kehoe, Raimundo Soto, Raphael Bergoeing
September 2001 - Staff Report

Locating Federal Reserve Districts and Headquarters Cities

What determined district boundaries and Fed headquarters cities in 1914? A review of the writings of Henry Parker Willis gives us an idea.
David Hammes
September 2001 - The Region

Specialization and the Skill Premium in the 20th Century

Matthew F. Mitchell
July 2001 - Staff Report

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

Competition at Work: Railroads vs. Monopoly in the U.S. Shipping Industry

James A. Schmitz, Jr., Thomas J. Holmes
April 2001 - Quarterly Review

Why Did Productivity Fall So Much During the Great Depression?

Lee E. Ohanian
March 2001 - Staff Report

Great Depressions of the 20th Century Conference Economist Attendees

December 2000 - The Region

“Something Unanticipated Happened”

Telling some “neo” stories about the Great Depressions of the 1930s
David Fettig
December 2000 - The Region

Costly Banknote Issuance and Interest Rates Under the National Banking System

Warren E. Weber, Antoine Martin, Cyril Monnet
May 2000 - Working Paper

The Suffolk Bank and the Panic of 1837

Arthur J. Rolnick, Warren E. Weber, Bruce D. Smith
April 2000 - Quarterly Review

The Beauty (Pageant?) of Economics

The Nobel Prize in Economics A report on how the winner of the Nobel Prize in economics is determined, with thoughts from past Nobel Prize winners.
Ronald A. Wirtz
September 1999 - The Region

Unemployment today in Europe and Japan: Lessons from the U.S. Great Depression

Seventy years after the start of the Great Depression, economists are still arguing about its cause and duration; recent research by two Minneapolis Fed economists offers new insight into that era and
V. V. Chari
July 1999 - fedgazette

The Greedy Hand: How Taxes Drive Americans Crazy and What To Do About It

Book Review
Thomas E. Gainor
June 1999 - The Region

The Role and Value of Market Forces

Top of the Ninth
Gary H. Stern
June 1999 - The Region

The Commanding Heights: The Battle Between Government and the Marketplace that is Remaking the Modern World

Book Review
David Levy
March 1999 - The Region

Life in the Ancient Near East

Book Review
David Levy
September 1998 - The Region

Sources of Prosperity

Jerry L. Jordan
September 1998 - The Region

Two Lucky People: Memoirs

Book Review
Anna J. Schwartz
September 1998 - The Region

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825–58)

Arthur J. Rolnick, Warren E. Weber, Bruce D. Smith
July 1998 - Quarterly Review

Glass Redux

Letters to the Editor Re: Region Interview with Carter Glass
June 1998 - The Region

Interview with Carter H. Golembe

Melvin L. Burstein
June 1998 - The Region

Prosperity: The Coming 20-Year Boom and What It Means to You

Book Review
David Levy
June 1998 - The Region

A Conversation with Carter Glass

The senator's views on banking and the Federal Reserve are updated by a modern interpretation.
James McAfee
December 1997 - The Region

Carter Glass

A brief biography of the man who shaped the Federal Reserve Act.
David Page
December 1997 - The Region

Carter Glass Time Line

A chronology of major events
December 1997 - The Region

Carter Glass was right: The structure of the Federal Reserve is important

Top of the Ninth
Gary H. Stern
December 1997 - The Region

Every letter tells a story

The Carter Glass Archive
David Fettig
December 1997 - The Region

Which of the Twin Cities?

Competition was intense between Minneapolis and St. Paul for the Ninth District Federal Reserve Bank
David Page
December 1997 - The Region

Interview with Joseph E. Stiglitz

Arthur J. Rolnick
September 1997 - The Region

Money

James Madison
September 1997 - Quarterly Review

The Debasement Puzzle: An Essay on Medieval Monetary History

Arthur J. Rolnick, Warren E. Weber, François R. Velde
September 1997 - Quarterly Review

The Great Wave: Price Revolutions and the Rhythm of History

Book Review
David E. Runkle
September 1997 - The Region

A Model of Commodity Money, With Applications to Gresham’s Law and the Debasement Puzzle

Warren E. Weber, François R. Velde, Randall Wright
July 1997 - Staff Report

Delayed Financial Disclosure: Mexico's Recent Experience

Arijit Mukherji, David E. Runkle, R. Anton Braun
September 1996 - Quarterly Review

Inflation, Money, and Output Under Alternative Monetary Standards

Arthur J. Rolnick, Warren E. Weber
October 1995 - Staff Report

Default, Settlement, and Signalling: Lending Resumption in a Reputational Model of Sovereign Debt

Harold L. Cole, James Dow, William B. English
September 1994 - Staff Report

Interview with Adam Smith

[via Edwin West]
June 1994 - The Region

The High Cost of Being Fair

A synopsis of the Minneapolis Fed's 1993 Annual Report.
Preston J. Miller
June 1994 - The Region

Interest Rates Under the U.S. National Banking System

Neil Wallace, Warren E. Weber, Bruce A. Champ
February 1994 - Staff Report

Conspicuous Restoration

Reviving the home and the legacy of Minnesota's 'disturbing genius'
Lynda McDonnell
December 1993 - The Region

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

Resolving the National Bank Note Paradox

Neil Wallace, Warren E. Weber, Bruce A. Champ
April 1992 - Quarterly Review

Paul Scott: A Life of the Author of the Raj Quartet

Book Review
Kathleen Erickson
December 1991 - The Region

The Macroeconomic Causes and Consequences of The French Revolution

Thomas J. Sargent
December 1991 - The Region

New Ideas From Dead Economists: An Introduction to Modern Economic Thought

Book Review
David Levy
June 1990 - The Region

U.S. Economy in 1990 and 1991: Continued Expansion Likely

A model used by researchers at the Federal Reserve Bank of Minneapolis predicts that strong consumption growth will sustain the expansion in both 1990 and 1991 and that inflation will remain under con
David Fettig
February 1990 - The Region

Down with the comparable worth bureaucracy

fedgazette Editorial
Preston J. Miller
December 1989 - fedgazette

Banking Without Deposit Insurance or Bank Panics: Lessons From a Model of the U.S. National Banking System

V. V. Chari
July 1989 - Quarterly Review

Born of a Panic: Forming the Fed System

August 1988 - The Region

External Economic and Political Environment

August 1988 - The Region

Legislation, Legislative Proposals and Court Decisions

August 1988 - The Region

The Relationship Between Money and Prices: Some Historical Evidence Reconsidered

Bruce D. Smith
July 1988 - Quarterly Review

Explaining the Demand for Free Bank Notes

Arthur J. Rolnick, Warren E. Weber
April 1988 - Quarterly Review

The Benefits of Bank Deposit Rate Ceilings: New Evidence on Bank Rates and Risk in the 1920s

Arthur J. Rolnick
July 1987 - Quarterly Review

Seasonalities in Security Returns: The Case of Earnings Announcements

V. V. Chari, Aharon R. Ofer, Ravi Jagannathan
April 1987 - Staff Report

Gresham's Law or Gresham's Fallacy?

Arthur J. Rolnick, Warren E. Weber
December 1986 - Quarterly Review

A Visible Hand: The Fed's Involvement in the Check Payments System

Clarence W. Nelson, James N. Duprey
April 1986 - Quarterly Review

Banking Instability and Regulation in the U.S. Free Banking Era

Arthur J. Rolnick, Warren E. Weber
July 1985 - Quarterly Review

Money and Inflation in Colonial Massachusetts

Bruce D. Smith
December 1984 - Quarterly Review

Some of the Choices for Monetary Policy

Neil Wallace
December 1984 - Quarterly Review

Should Currency Be Priced Like Cars?

Richard M. Todd, Thomas M. Supel
April 1984 - Quarterly Review

Free Banking, Wildcat Banking, and Shinplasters

Arthur J. Rolnick, Warren E. Weber
September 1982 - Quarterly Review

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