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Journal Article
The electricity system at the crossroads--policy choices and pitfalls
Can electricity markets be successfully opened to competition? Events ranging from California's electricity crisis to the fall of electricity trading giant Enron have caused policymakers to reexamine the benefits of restructuring the industry. This article examines policy developments in the Midwest and highlights some lessons that might help guide future electricity policy.
Newsletter
State budgets under stress: paths to sustainability
State governments have been noticeably absent in contributing to U.S. economic growth since the recession of 2008?09. Despite some recovery in tax revenues, many states are still reporting budget shortfalls and spending pressures for pensions and health care.
Journal Article
Reversal of fortune: understanding the Midwest recovery
Has the Midwest been good or lucky in its recent recovery? In this article, the authors assess the internal and external factors that have contributed to the revival of midwestern economic fortunes over the last decade.
Newsletter
Challenges and prospects for Midwest manufacturing: report on the 2003–04 Chicago Fed Manufacturing Project
The Chicago Fed convened a series of conferences in 2003?04 to address the following three questions: What are the long-term underlying trends in manufacturing and have they fundamentally changed in recent years? Second, is the poor performance of recent years a transitory phenomenon? And, third, what are the challenges and prospects for Midwest manufacturing going forward?
Journal Article
Balancing act: tax structure in the seventh district
Newsletter
A forum on Medicaid and state budgets: a summary
When it comes to state budgets, the Medicaid program is almost always the proverbial 800-pound gorilla in the room. On March 15, 2007, the Federal Reserve Bank of Chicago and the Civic Federation co-sponsored a forum to discuss the growing cost of Medicaid and how states are responding.
Working Paper
To trade or not to trade: who participates in RECLAIM?
see Working Paper 96-12
Newsletter
Higher education and economic growth: a conference report
The future of higher education and its relationship to economic growth were the focus of a one-day conference at the Federal Reserve Bank of Chicago on November 2, 2005. Cosponsored by the bank, the Committee on Institutional Cooperation, and the Midwestern Higher Education Compact, the event brought together over 100 academic, business, and government leaders.
Journal Article
State and local governments' reaction to recession