The Region

December 2001 Issue

Top of the Ninth

Gary Stern, president of the Federal Reserve Bank of Minneapolis, discusses the appropriate role of the Fed in the shift from paper checks to electronic payments.


  • Railroad Redux
    When he challenged historical orthodoxy nearly 40 years ago, the Nobel Prize-winning economist Robert W. Fogel changed the way we look at railroads' impact on the U.S. economy; now, two Minneapolis Fed economists re-examine Fogel's work and find that railroads' contribution may be much greater than Fogel concluded.
  • Assessing the Euro Three Years After Its Launch
    Noted economist Anna Schwartz shares her skepticism on the success of a united European currency.
  • 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
  • Why Costs Should Count
  • Anti-dumping: The Free-Trade Antacid
    The use of anti-dumping and countervailing duties has increased around the globe, born from protectionist tendencies most countries have toward their home industries.
  • The European Central Bank

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