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.
Dynamic stochastic general equilibrium (DSGE) models have been trashed, bashed, and abused during the Great Recession and after.
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.
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.
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.
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.
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!
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.
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.