How Did the Great Recession Affect New York State’s Public Schools?
Surprisingly, there is no literature on how recessions (including the Great Recession) have affected schools.
Historical Echoes: The Double Eagle Lands at the New York Fed
The most expensive coin in the world, the famed 1933 Double Eagle, is on display to the public at the New York Fed.
Why Mortgage Refinancing Is Not a Zero-Sum Game
In a recent speech, New York Fed President William Dudley called for actions “to see refinancing made broadly available on streamlined terms and with moderate fees to all prime conforming borrowers who are current on their payments.”
Cash Assets of Foreign Banks: An Example of Seasonal Adjustment Gone Awry
Federal Reserve Statistical Release H.8 provides aggregate data on the assets and liabilities of commercial banks in the United States
Historical Echoes: Henry George – NYC Mayoral Candidate and Best-Selling, Self-Educated Political Economist
In contrast to the popular image of today’s economists, Henry George (1839-97), a famous critic of protectionist economic policies, had a fascinating and tumultuous life.
Forecasting with Internet Search Data
Most economic data are released with a lag, sometimes quite a substantial one. Since the advent of regularly scheduled releases of economic data in the 1930s, a key challenge for economists has been to identify indicators that provide timely information about the release before it comes out—effectively, that “now-cast” its content.