Liberty Street Economics
November 30, 2011

Designing Executive Compensation to Curb Bank Risk Taking

The financial crisis and its aftermath have spurred calls for bank compensation packages that mitigate risk-taking incentives.

Posted at 7:00 am in Financial Institutions | Permalink | Comments (5)
November 28, 2011

Unintended Consequences in School Accountability Policies

Over the past two decades, state and federal education policies have tried to hold schools more accountable for educating their students.

The Liberty Street Economics Blog: An Update on Our Experience

Since the launch of the Liberty Street Economics blog in March 2011, our economists have published more than eighty-five posts on a range of issues such as financial sector reform, the global role of the dollar, the federal debt ceiling, and the U.S.-China trade imbalance.

Posted at 7:00 am | Permalink | Comments (0)
November 25, 2011

The Failure to Forecast the Great Recession

The economics profession has been appropriately criticized for its failure to forecast the large fall in U.S. house prices and its propagation first into an unprecedented financial crisis and subsequently into the Great Recession.

November 23, 2011

How Might Increased Transparency Affect the CDS Market?

The credit default swap (CDS) market has grown rapidly since the asset class was developed in the 1990s.

November 21, 2011

Job Polarization in the United States: A Widening Gapand Shrinking Middle

Over recent decades, the U.S. workforce has undergone a dramatic restructuring in response to changes in technology, trade, and consumption patterns.

November 18, 2011

Historical Echoes: What Makes a Bank Look Like a Bank?

We know what a bank looks like: It’s typically of solid construction with classical architectural features.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
November 16, 2011

Why Is There a “Zero Lower Bound” on Interest Rates?

Economists often talk about nominal interest rates having a “zero lower bound,” meaning they should not be expected to fall below zero.

Posted at 7:00 am in Monetary Policy | Permalink | Comments (2)
November 14, 2011

The Evolution of Federal Debt Ceilings

It’s hardly news that Congress sets a statutory limit on aggregate Treasury indebtedness.

Posted at 7:00 am in Financial Markets, Treasury | Permalink | Comments (1)
November 9, 2011

The Debt Ceiling as a “Fiscal Rule”

A few months ago, the federal government was once again confronted with the need to raise the statutory limit on the amount of debt issued by the Treasury.

Posted at 7:00 am in Fiscal Policy, Treasury | 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.

Liberty Street Economics does not publish new posts during the blackout periods surrounding Federal Open Market Committee meetings.

The views expressed are those of the authors, and do not necessarily reflect the position of the New York Fed or the Federal Reserve System.

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The LSE editors ask authors submitting a post to the blog to confirm that they have no conflicts of interest as defined by the American Economic Association in its Disclosure Policy. If an author has sources of financial support or other interests that could be perceived as influencing the research presented in the post, we disclose that fact in a statement prepared by the author and appended to the author information at the end of the post. If the author has no such interests to disclose, no statement is provided. Note, however, that we do indicate in all cases if a data vendor or other party has a right to review a post.

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