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.
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?
Urban ozone regulations
Does business development raise taxes?
State and local governments' reaction to recession
Educational attainment and household location: the case of Chicago's lakefront
The authors focus on the relationship between being a college graduate (that is, having a bachelor?s degree or higher) and household location in the city of Chicago?s lakefront neighborhoods, other parts of the city, and the suburbs in Illinois. Overall, their results indicate that being a college graduate is associated with living in the city?s lakefront neighborhoods relative to the suburbs. These results hold for non-Hispanic whites, blacks, and Hispanics across the metropolitan region.
State-local business taxation and the benefits principle
This article advances the proposition that general business taxation should be structured to recover the costs of public services rendered to the business community. Estimates of one possible form of such a tax structure are offered for states of the Seventh District and for other U.S. regions.