A small business owner, a retiree, and a grandmother talk inflation with the Cleveland Fed.

An innovative videoconference series helps rust belt cities share strategies and successes to help their cities thrive.

Eldar Shafir counsels Forefront on why people are really not rational in the way that economists like to think they are, and the practical significance of that difference.

Richard Berner, director of the Office of Financial Research, talked with the Cleveland Fed about how the office is helping achieve financial stability, why the right incentives matter, and how the next financial crisis is impossible to predict.   

A key part of achieving financial stability is knowing when instability is near and what to do about it. The young field of financial stability analysis is setting out to do just that.   

How the Fed handled previous panics foreshadowed its response to the recent financial crisis. Critiqued by the Cleveland Fed's Joseph Haubrich.   

Allan Meltzer, a renowned central bank historian takes aim at the Federal Reserve. Critiqued by the Cleveland Fed's Mark Sniderman.   

Enough for a little bit of optimism, according to a Vanderbilt University economist. Critiqued by the Cleveland Fed's Ellis Tallman.   

The University of California, Berkeley economic historian shares his views on the prospects for the European Union, why so many economists were caught off guard by the financial crisis, and the similarities and differences between the Great Depression and the Great Recession.   

The Brookings Institution economist discusses her views on whether Americans are saving enough and lessons from the financial crisis   

Economic historian Michael Bordo shares his views with Forefront.

What academic experts see in the housing market's near future Read More...

Plus: A Plausible Culprit: Research by Bordo and Haubrich Read more...


More cooperation, less corporate subsidization   

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Cutting-edge efforts to improve America's education system   

The journalist and documentary producer talks about his reports from inner-city Chicago   

As some state and local governments struggle to meet their obligations to retirees, we look into how stress on pension funds and municipal finance could have implications for the wider economy.   

Can the law help fill gaps in public pension funding?   

Federal Reserve Bank of Cleveland President and CEO opens up on her policy views, economic outlook, and the differences between Greenspan's Fed and Bernanke's.   

A trio of academics discuss some of the common misunderstandings about and underlying benefits of strong bank capital buffers.   

University of Arizona economic historian Price Fishback compares the Great Depression with the Great Recession and finds reason for optimism that America will recover from the latest downturn.   

Because there is a difference between inflation and relative price changes.   

On the contrary: Low and stable inflation is an essential ingredient for growing jobs.   

One way to gauge opinions on future inflation is to ask people directly, and several well-respected surveys do just that.   

It can be. In fact, it may even allow the Fed more room to pursue short-term output and employment stabilization.   

Mark Bils, a macroeconomist at the University of Rochester, has delved deeper into the intricacies of price measurement than most.   

Charles Calomiris is the Henry Kaufman Professor of Financial Institutions at the Columbia University Graduate School of Business and a Professor at Columbia's School of International and Public Affairs. The Federal Reserve Bank of Cleveland's Joseph Haubrich interviewed Calomiris on October 14, 2010 at the Bank's Conference on Countercyclical Capital Requirements.   

Interview with Art Rolnick on early childhood education.   

Observations from the Federal Reserve's Jeanne Hogarth.   

Former Federal Reserve governor on the state of macroeconomics.   

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In 2009, banks became the reluctant holders of more than 1,500 foreclosed properties in Cuyahoga County, Ohio. Most of these houses are in Cleveland, worth little to nothing, and in danger of remaining vacant for the foreseeable future- destined to define neighborhood decay.   

Some say that the financial crisis has launched a thousand Ph.D. dissertations and perhaps just as many books. Anil Kashyap was on the case from the very beginning.   

Anil K. Kashyap is among the nation’s leading experts on the financial crisis and efforts to reform financial regulations. He is the Edward Eagle Brown Professor of Economics and Finance at the University of Chicago?s Booth School of Business. Mark Sniderman, Executive Vice President and Chief Policy Officer at the Federal Reserve Bank of Cleveland, interview Kashyap on February 15, 2010, at the Booth School.

Cleveland Fed researchers discuss the Bank’s proposal for recasting the CRA to address the vacancy and abandonment problem.

In the wake of the mortgage meltdown, policymakers are discussing how best to protect consumers in financial product markets. The Federal Reserve Bank of Cleveland hosted a seminar, “Consumer Protection in Financial Product Markets,” in September 2009 to exchange ideas with other regulators about consumer protection and the role of the courts.   

Watch economists with the Federal Reserve Bank of Cleveland discuss their takeaways from the September 11, 2009, seminar on consumer protection.

On October 1, 2009, Kahn visited Lexington, Kentucky, to present a paper at the Conference on Appalachia and the Legacy of the War on Poverty at the University of Kentucky. Francisca Richter, research economist in the Community Development Department of the Federal Reserve Bank of Cleveland, interviewed Kahn before the conference.   

Watch these video selections from the interview featured in the Winter 2009-2010 Forefront.

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Rampant foreclosures present a dichotomy for communities. On the one hand, foreclosure can deal a crushing blow to the American Dream of homeownership, and it certainly can accelerate the decline of neighborhoods. But often overlooked is the other hand: Foreclosure can sometimes serve as a useful tool to stave off community blight.   

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Mary Helen Petrus of the Cleveland Fed says the focus should be on making the process less cumbersome.   

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A small business owner, a retiree, and a grandmother talk inflation with the Cleveland Fed.