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13 posts from November 2014

November 07, 2014

Historical Echoes: A Stitch in Time Saves You from Carrying Around Worthless Money



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Lauren DiCioccio, a mixed media artist, sews (in the sense of embroiders) money. She has created a remarkable Colombian 5,000 peso bill, a Hong Kong 20 dollar bill, a 10 euro bill, and various versions of U.S. paper currency (when it was still just green). Her creations cannot be used as legal tender and, although quite realistic, could never be confused with legal tender—She leaves the uncut colored threads hanging out from behind each piece as if to say, Yes! This is sewing!

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Continue reading "Historical Echoes: A Stitch in Time Saves You from Carrying Around Worthless Money" »

Posted by Blog Author at 7:00 AM in Historical Echoes | Permalink | Comments (0)

November 05, 2014

Forecasting Inflation with Fundamentals . . . It’s Hard!



Controlling inflation is at the core of monetary policymaking, and central bankers would like to have access to reliable inflation forecasts to assess their progress in achieving this goal. Producing accurate inflation forecasts, however, turns out not to be a trivial exercise. This posts reviews the key challenges in inflation forecasting and discusses some recent developments that attempt to deal with these challenges.

Continue reading "Forecasting Inflation with Fundamentals . . . It’s Hard!" »

Posted by Blog Author at 7:00 AM in Forecasting, Inflation, Macroecon, Monetary Policy, Unemployment, Wages | Permalink | Comments (4)

November 03, 2014

Evolution of S-Corporation Banks



Commercial banks didn’t become eligible for S-Corporation status until 1997, when President Bill Clinton signed legislation (the Small Business Job Protection Act of 1996) that allowed commercial banks to select S-Corporation as their preferred tax status. In this post, we discuss the features and history of S-Corporations, as well as the effect of lifting the restriction on banks’ organizational tax choice.


Continue reading "Evolution of S-Corporation Banks" »

Posted by Blog Author at 7:00 AM in Corporate Finance, Financial Institutions | Permalink | Comments (0)

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