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Macroeconomics

Minneapolis Fed research examining the larger, aggregate view of the economy, including trends in income and spending of government, business, nonprofit institutions, and households.

1-12 of 235

Staff Reports
Default and Interest Rate Shocks: Renegotiation Matters

Victor Almeida | Carleton College

Carlos Esquivel | Rutgers University

Timothy J. Kehoe | Consultant, University of Minnesota, and National Bureau of Economic ResearchJuan Pablo Nicolini | Principal Research Economist and Universidad Torcuato Di Tella
December 8, 2025
Research
Staff Reports
Official Sovereign DebtCristina Arellano | Assistant Director, Policy and Monetary Advisor

Leonardo Barreto | Research Analyst

December 5, 2025
Research
Staff Reports
Economists Should Be Studying Monopoly Much More Extensively: How Our Interest in Monopoly Waned After We Began Thinking About Monopoly All WrongJames A. Schmitz, Jr. | Principal Research Economist
November 26, 2025
Research
Minneapolis Fed Quarterly Review
Ramsey Plan for Calvo’s ModelThomas J. Sargent | New York University and Hoover Institution

Ziyue Yang | Australian National University

November 25, 2025
Research
Minneapolis Fed Quarterly Review
Income and Wealth Inequality in the United States: An Update Including the 2022 Wave

Moritz Kuhn | University of Mannheim

José-Víctor Ríos-Rull | University of Pennsylvania, CAERP, CEPR, NBER, and UCL

November 25, 2025
Research
The Federal Reserve Bank of Minneapolis building and logo
Richer economic models imply much larger welfare gains from international tradeJeff Horwich | Senior Economics Writer
November 24, 2025
Article
Staff Reports
Portfolio Choice and Settlement Frictions: A Theory of Endogenous Convenience YieldsJavier Bianchi | Monetary Advisor

Saki Bigio | UCLA and NBER

November 19, 2025
Research
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Immigration can’t explain declining employment growthSimon Mongey | Principal Research Economist
October 31, 2025
Article
Staff Reports
3-D Gains from TradeDoireann Fitzgerald | Principal Research Economist
October 31, 2025
Research
Graphic with a pixelated map and charts representing data and research
Macroeconomic Policy Perspectives: The Macroeconomic Causes and Consequences of Inflation
Event on October 16, 2025
Event
Staff Reports
The Welfare Costs of Inflation Reconsidered

Luca Benati | University of Bern

Juan Pablo Nicolini | Principal Research Economist and Universidad Torcuato Di Tella
October 15, 2025
Research
Staff Reports
Online Appendix for: The Welfare Costs of Inflation Reconsidered

Luca Benati | University of Bern

Juan Pablo Nicolini | Principal Research Economist and Universidad Torcuato Di Tella
October 15, 2025
Research