Liberty Street Economics
February 29, 2012

Is Risk Rising in the Tri-Party Repo Market?

At the New York Fed, we follow the repo market closely and, with some of my colleagues, I’ve tried to keep readers of this blog informed about how the market works, how it’s being reformed, and what risks remain.

February 27, 2012

How the High Level of Reserves Benefits the Payment System

Since October 2008, the Federal Reserve has increased the size of its balance sheet by lending to financial intermediaries and purchasing assets on a large scale.

February 24, 2012

Historical Echoes: American Consumerism, Then and Now, with Product Timeline

A paper by Delia Cabe, “Buying into the Future,” which appeared in the fall 2001 Radcliffe Quarterly, tells in an arresting way the story of how Americans became such big spenders.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (1)
February 22, 2012

Gulf War II Veterans Home Buyers Tax Credit

Over the next few years, large volumes of homes are likely to flow from foreclosure onto lenders’ balance sheets as “real estate owned,” or REO.

Posted at 7:00 am in Housing | Permalink | Comments (2)
February 17, 2012

Historical Echoes: Anthropomorphism in the Service of Child and Adult Financial Education

Everything seems to be anthropomorphized at one time or another—especially in advertising, where one needs to get a point across simply and memorably.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (2)
February 15, 2012

Just Released: February’s Empire State Manufacturing Survey Signals a Further Pickup

February’s Empire State Manufacturing Survey (ESMS) indicates that manufacturing activity in New York State continued to expand for a third consecutive month.

The Dodd-Frank Act’s Potential Effects on the Credit Rating Industry

Credit rating agencies have been widely criticized in recent years for the poor performance of their ratings on mortgage-backed securities (MBS) and other structured-finance bonds.

February 13, 2012

How Colleges and Universities Can Help Their Local Economies

Policymakers are increasingly viewing colleges and universities as important engines of growth for their local areas.

February 10, 2012

Historical Echoes: Return to Jekyll Island (Not The Creature from)

On November 5-6, 2010, the Federal Reserve Bank of Atlanta and Rutgers University cosponsored a conference titled “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve.”

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
February 8, 2012

Do Payday Lenders Target Minorities?

Payday lenders make small, short-term loans to millions of households across the country.

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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.

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