How Minnesota might fare in a second recession

In an interview with MPR, Art Rolnick said the main economic indicators that give him confidence are the record profits enjoyed by large companies and the fact that some employers continue to slowly add jobs.

Limits to Fed policy

In the 70s and 80s economists Ed Prescott and Tom Sargent found that "monetary policy was somewhat potent perhaps in the short term, but not very potent in the long term," says V.V. Chari in a Business Week interview about Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.

Dow Ripple Precedes Economic Tidal Wave

The recent massive sell-off is Wall Street's way of telling Washington that raising the debt ceiling will not be enough to address the growing debt problem, V.V. Chari says in a Fox 9 TV interview.

Local perspective on current state of the economy

Tim Kehoe talks to Kare 11 TV about the Dow's sixth-worst decline in the last 112 years.

How big a deal is U.S. credit rating downgrade?

In a Q&A with the Pioneer Press, V.V. Chari says the downgrade tends to have a limited effect for large banks and insurers in Minnesota, and that it's unlikely that institutions would start moving money after only one of the three major ratings agencies issued a downgrade.

Viewing Wall Street with a long perspective

"Markets go up. Markets go down. That is the nature of the stock market," says Chari in a Kare 11 TV interview. He suggests that investors should care about the "long run prospects" for the stock market, meaning over several years and not a few days or even a year or two.