December 2003 Issue
Director-General of the Research Bureau People's Bank of China
Top of the Ninth
Minneapolis Fed President Gary Stern on the Fed’s role in community economic development
Focus on China
Progress and Peril in China's Modern Economy
The past 25 years have seen dramatic economic transformation, but major challenges remain.
What Ails China?
A long-run perspective on growth and inflation (or deflation) in China.
- A Brief Timeline of the People's Bank of China
- China's Rich but Troubled Banking Sector
- By the Numbers: China and the United States
European Vacation: Why Americans Work More Than Europeans
Taxes, not culture, account for the difference, according to economist Ed Prescott.
Shrinking a deadweight loss
A proposal to reform Social Security
Wives at Work
From 1950 to 1990, married women tripled their hours in the workplace. New research suggests that reduced wage discrimination—not better appliances or higher incomes—caused this sea change in the workforce.
Deflation: Should the Fed be Concerned?
A Minneapolis Fed workshop debates the economics of deflation.
The ABCs of Early Childhood Development
Report from a conference on the economics of early childhood development. [PDF]
Too Big To Fail: The Hazards of Bank Bailouts
Excerpt from Too Big To Fail: The Hazards of Bank Bailouts