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We serve the public by pursuing a growing economy and stable financial system that work for all of us.

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We examine economic issues that deeply affect our communities.

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The Bakken Oil Boom

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We conduct world-class research to inform and inspire policymakers and the public.

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We strive to advance policy that promotes economic well-being.

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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.

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Staff Reports
Housing Wealth Effects: The Long View
Adam M. Guren | Boston University and NBER Alisdair McKay | Senior Research Economist Emi Nakamura | University of California, Berkeley and NBER Jόn Steinsson | University of California, Berkeley and NBER
January 31, 2020
Research
People walking down an Argentinian street with an exchange rate sign in the foreground
How debt crises affect monetary policy
Douglas Clement | Managing Editor
January 27, 2020
Article
Staff Reports
Implications of Increasing College Attainment for Aging in General Equilibrium
Juan Carlos Conesa | Stony Brook University Timothy J. Kehoe | Consultant Vegard M. Nygaard | University of Houston Gajendran Raveendranathan | McMaster University
January 14, 2020
Research
The Federal Reserve Bank of Minneapolis building and logo
Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)
Cristina Arellano | Assistant Director, Policy and Monetary Advisor Yan Bai | University of Rochester and NBER Gabriel Mihalache | Stony Brook University
January 10, 2020
Research
The Federal Reserve Bank of Minneapolis building and logo
Asset Prices and Unemployment Fluctuations
Patrick J. Kehoe | Monetary Advisor Pierlauro Lopez | Bank of France Virgiliu Midrigan | New York University Elena Pastorino | Visiting Scholar
January 8, 2020
Research
Staff Reports
Sweat Equity in U.S. Private Business
Anmol Bhandari | Visiting Scholar Ellen R. McGrattan | Consultant
December 30, 2019
Research
Staff Reports
Sovereign Default Risk and Firm Heterogeneity
Cristina Arellano | Assistant Director, Policy and Monetary Advisor Yan Bai | University of Rochester and NBER Luigi Bocola
July 23, 2019
Research
The Federal Reserve Bank of Minneapolis building and logo
Partial Default
Cristina Arellano | Assistant Director, Policy and Monetary Advisor Xavier Mateos-Planas | Queen Mary University of London, Centre for Macroeconomics José-Víctor Ríos-Rull
July 9, 2019
Research
Staff Reports
On Financing Retirement, Health Care, and Long-Term Care in Japan
Ellen R. McGrattan | Consultant Kazuaki Miyachi | Asia Pacific Department, International Monetary Fund Adrian Peralta-Alva
June 28, 2019
Research
Working Papers
The Macroeconomics of the Greek Depression
Gabriel Chodorow-Reich | Harvard University Loukas Karabarbounis | Consultant Rohan Kekre | University of Chicago Booth School of Business
June 28, 2019
Research
Staff Reports
Slow Convergence in Economies with Organization Capital
Erzo G.J. Luttmer | Visiting Scholar
June 26, 2019
Research
Staff Reports
International Evidence on Long-Run Money Demand
Luca Benati | University of Bern Robert E. Lucas, Jr. | University of Chicago Juan Pablo Nicolini | Senior Research Economist Warren E. Weber | University of South Carolina, Bank of Canada, Federal Reserve Bank of Atlanta
June 18, 2019
Research