Liberty Street Economics
September 30, 2011

Historical Echoes: Travel Back in Banking Time with American Banker

To celebrate its 175th anniversary, American Banker is featuring selected articles that describe important and interesting events in banking history.

Posted at 10:00 am in Historical Echoes | Permalink | Comments (0)
September 28, 2011

The Productivity Slowdown Reaffirmed

Economists generally agree that productivity is the primary ingredient for sustainable growth in GDP and wages.

Posted at 7:00 am in Macroecon, Wages | Permalink | Comments (0)
September 26, 2011

An Examination of U.S. Dollar Declines

Although the dollar strengthened somewhat recently, its level relative to the currencies of the United States’ main trading partners is nonetheless 11 percent lower than it was at the start of 2009.

September 12, 2011

Can Speculative Trading Magnify Financial Market Co-movement?

Global financial markets tend to move together. For example, stock market movements across the globe are highly synchronized, economic data releases frequently have large spillover effects across borders, and episodes of financial turmoil often spread across countries that share no significant economic linkages.

September 9, 2011

Historical Echoes: Meet William McChesney Martin Jr.

William McChesney Martin Jr. (1906-98) was chairman of the Board of Governors of the Federal Reserve System from 1951 to 1970, serving under five U.S. presidents.

Posted at 10:00 am in Historical Echoes | Permalink | Comments (0)
September 7, 2011

Consumer Goods from China Are Getting More Expensive

We find that, in a sharp reversal of earlier trends, U.S. import prices for consumer goods shipped from China have been rising rapidly in recent quarters—by 7 percent between 2010:Q2 and 2011:Q1.

September 6, 2011

Helping Unemployed Borrowers Meet Their Mortgage Payments

With unemployment very high, income loss is now the primary reason for mortgage default. Unemployed homeowners face tough choices.

September 2, 2011

Historical Echoes: Forced Savings and Prison Cells for Rent

In the nineteenth century, convicts transported to New South Wales, Australia, were encouraged to deposit their money in one of the colony’s banks. But in 1822, they were forced to do so. Prisoners in private jails were also compelled to pay for their incarceration and were housed according to their ability to pay, with accommodations ranging from a private cell with a cleaning woman to one where the convict had to lie on the floor with no cover.

Posted at 10:00 am in Historical Echoes | Permalink | Comments (0)
About the Blog

Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.

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