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The Region

Banking and Policy Issues Magazine

2006 Annual Report Issue

Message from the President
Gary H. Stern, Federal Reserve Bank of Minneapolis

2006 Annual Report Essay
Modern Macroeconomics in Practice: How Theory is
Shaping Monetary Policy

2006 Annual Report Cover

Over the last three decades, macroeconomic theory and the practice of macroeconomics by economists have changed significantly—for the better. Macroeconomics is now firmly grounded in the principles of economic theory. These advances have not been restricted to the ivory tower. Over the last several decades, the United States and other countries have undertaken a variety of policy changes that are precisely what macroeconomic theory of the last 30 years suggests.

2006 Operations Report

Message from the First Vice President
James M. Lyon, Federal Reserve Bank of Minneapolis

2006 by the Numbers

2006 Financial Statements [PDF]

Send comments to letters@mpls.frb.org.

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