The Impact of Trade Reporting on the Interest Rate Derivatives Market
In recent years, regulators in the United States and abroad have begun to strengthen regulations governing over-the-counter (OTC) derivatives trading, driven by concerns over the decentralized and opaque nature of current trading practices.
Forecasting the Great Recession: DSGE vs. Blue Chip
Dynamic stochastic general equilibrium (DSGE) models have been trashed, bashed, and abused during the Great Recession and after.
Just Released: The Federal Reserve in the 21st Century 2012 Symposium
The Federal Reserve in the 21st Century (Fed 21) symposium on monetary policy and financial stability recently brought together over 225 college professors from around the region and the world.
Historical Echoes: We Are the 99 Percent, 1765 Edition
One might dispute the biblical assertion that “the poor always ye have with you” (John 12:8, King James Version), but it is indisputable that we will always have the top 1 percent of the income distribution among us.
The European Growth Outlook and Its Risks
As Europe continued to struggle with its sovereign debt crisis during the past two years, significant concerns about the growth outlook for European Union members began to emerge in late 2011.
Innovations in Treasury Debt Instruments
On January 31, 2012, the Treasury Borrowing Advisory Committee advised the Secretary of the Treasury that it unanimously supported the issuance of floating-rate notes by the U.S. Treasury.
Historical Echoes: Fed Chairman or Rock Star? When Arthur Burns Made Rolling Stone
Arthur Burns, Federal Reserve chairman between 1970 and 1978, made the October 21, 1976, issue of Rolling Stone magazine, but not the cover—sorry, Dr. Hook!
Corridors and Floors in Monetary Policy
As part of its prudent planning for future developments, the Federal Open Market Committee (FOMC) has discussed strategies for normalizing the conduct of monetary policy, when appropriate, as the economy strengthens.
Conclusion: How Low Will the Unemployment Rate Go?
A major theme of the posts in our labor market series has been that the outflows from unemployment, either into employment or out of the labor force, have been the primary determinant of unemployment rate dynamics in long expansions.