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Annual Reports


Financial Statements for the Federal Reserve Bank of Cleveland

2013

Inflation: Why It Is Very Low, and Why It Matters
(PDF PDF icon)

2012

Adapting, Evolving, Learning
(PDF PDF icon)

2011

Maximum Employment: What We Know (and Don’t Know) About the Labor Market
(PDF PDF icon)

2010

Price Stability: Why We Seek It and How Best to Achieve It
(PDF PDF icon)

2009

Putting Systemic Risk on the Radar Screen
(PDF PDF icon)

2008

Breaking the Housing Crisis Cycle
(PDF PDF icon)

2007

Central Banks and Crisis Management
(PDF PDF icon)

2006

Understanding the Persistence of Poverty
(PDF PDF icon)

2005

Altered States: A Perspective on 75 Years of State Income Growth
(PDF PDF icon)

2004

Can Economics Help to Save Our Schools?
(PDF PDF icon)

2003

Innovation, Growth, and Economic Policy in an Environment of Change
(PDF PDF icon)

2002

Deflation
(PDF PDF icon)

2001

Rhetoric Aligned with Theory: Talking Productively about Interest Rates
(PDF PDF icon)

2000

Theory Ahead of Rhetoric: Measurement and the “New Economy”
(PDF PDF icon)

1999

Theory Ahead of Rhetoric: Economic Policy for a "New Economy"
(PDF PDF icon)

1998

Beyond Price Stability: A Reconsideration of Monetary Policy in a Period of Low Inflation
(PDF PDF icon)

1997

Our Payments System: Challenges and Opportunities
(PDF PDF icon)

1996

The Greater Cleveland Residential Housing and Mortgage Credit Project
(PDF PDF icon)

1995

Governments and Money
(PDF PDF icon)

1994

Federal Reserve Policy Promotes Growth
(PDF PDF icon)

1993

Building a More Efficient Payments System
(PDF PDF icon)

1992

A Continent Without Borders
(PDF PDF icon)

1991

Central Banking in the United States: A Fragile Commitment to Price Stability and Independence
(PDF PDF icon)

1990

The Banking Industry Withering Under the Umbrella of Protection
(PDF PDF icon)

1989

Central Bank Independence
(PDF PDF icon)

1988

Banking Deregulation: Examining the Myth
(PDF PDF icon)

1987

Developing-Country Debt
(PDF PDF icon)

1986

Common Bonds, Divergent Paths: An Economic Perspective of Four Cities
(PDF PDF icon)

1985

Untoldings in Ohio
(PDF PDF icon)

1984

A Puzzle for the World
(PDF PDF icon)

1983

The Unfolding of the 1983 Recovery
(PDF PDF icon)

1982

The Year of Disinflation
(PDF PDF icon)

1981

Fragments of Transition
(PDF PDF icon)

1980

The Monetary Control Act-Mandate for Change
(PDF PDF icon)