The Region

September 2003 Issue

Top of the Ninth

Gary Stern, president of the Federal Reserve Bank of Minneapolis, agrees that the probability of deflation is low but questions the notion that deflation would necessarily have severe consequences.


  • Price Signals
    Economist Pete Klenow analyzes price differences—over time, among products and across countries—to shed light on some of economics' most contentious issues.
  • What's sticky, what's not and why?
  • Mining for Missing Links
    By examining the iron ore industry, a Minneapolis Fed economist confirms that productivity gains are the direct result of increased competition. [PDF]
  • Remembering Frederick Deming
    Frederick Deming, former president of the Federal Reserve Bank of Minneapolis died August 2003.

Supply, Demand & Deadlines 2003

Book Review