Liberty Street Economics
April 30, 2012

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.

April 16, 2012

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.

Posted at 7:00 am in Education | Permalink | Comments (0)
April 13, 2012

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.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (4)
April 11, 2012

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.

April 9, 2012

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.

April 6, 2012

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!

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
April 4, 2012

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.

April 2, 2012

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.

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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