Liberty Street Economics
December 30, 2011

Historical Echoes: Using Art and Artifacts to Understand the Impact of the Great Depression

The widespread distress caused by an economic downturn, such as the recent Great Recession, lingers long after economic indicators begin to recover, but it can also be the impetus for key structural reforms.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
December 28, 2011

Labor Force Exits Are Complicating Unemployment Rate Forecasts

What will the unemployment rate be in 2013? Even if you were certain how much the U.S. economy (gross domestic product, or GDP) would grow over the next year or two, it would still be difficult to forecast the unemployment rate over that period.

December 23, 2011

Historical Echoes: Winning Essay on Central Banking Gets $100 (in 1910)

In 1910, Bankers Magazine announced that the American Institute of Banking would give prizes of $100 and $50 for the two best essays on central banking.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
December 21, 2011

Central Bank Imbalances in the Euro Area

The euro area sovereign debt crisis sparked an outflow of bank deposits from countries in the periphery to commercial banks in Germany and other core countries.

December 19, 2011

When Do Trading Frictions Increase Liquidity?

Economists tend to assume that frictions that limit trading in financial markets reduce liquidity and lower investor welfare.

December 5, 2011

“Flip This House”: Investor Speculation and the Housing Bubble

The recent financial crisis—the worst in eighty years—had its origins in the enormous increase and subsequent collapse in housing prices during the 2000s.

December 2, 2011

Historical Echoes: Old-Timey Films on the 1940 Censuses

In 1940, the Census Bureau produced two short films trumpeting the general census that year and the first-ever census of housing.

Posted at 7:00 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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