MINNEAPOLIS, Minnesota, Dec. 13 (TNSLrpt) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 679) on December 8, 2025, by Victor Almeida, Carlos Esquivel, Timothy Kehoe, and Juan Pablo Nicolini entitled "Default and Interest Rate Shocks: Renegotiation Matters." Here are excerpts: * * * We develop a sovereign default model with debt renegotiation in which interest-rate shocks affect default incentives through two mechanisms. Under the standard mechani more PR

MINNEAPOLIS, Minnesota, Dec. 13 (TNSLrpt) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 678) on December 5, 2025, by Cristina Arellano and Leonardo Barreto entitled "Official Sovereign Debt." Here are excerpts: * * * This paper studies sovereign debt from official lenders empirically and theoretically. We document that official sovereign debt is more than half of the total sovereign debt in emerging markets and tends to flow in during default ep more PR

MINNEAPOLIS, Minnesota, Dec. 13 (TNSLrpt) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 680) on December 12, 2025, by Marco Bassetto, Carlo Galli, and Jason Hall entitled "The Role of Dispersed Information in Maintaining Low Interest Rates." Here are excerpts: * * * When public debt is issued in domestic currency, any sudden confidence crisis in the repayment ability of the government need not trigger a default, since it can be accommodated by t more PR

WASHINGTON, Dec. 12 -- Sen. Amy Klobuchar, D-Minnesota, issued the following news release: * * * Miracle on Ice Congressional Gold Medal Act Signed into Law to Celebrate 45th Anniversary of the Hockey Victory at the Winter Olympics * Congressional Gold Medals awarded to the Miracle on Ice U.S. Hockey Team, which defeated the four-time Olympic champion Soviet Union in 1980 WASHINGTON Today, U.S. Senators Amy Klobuchar and Tina Smith (D-MN) announced that the bipartisan Miracle on Ice Congre more PR