Just Released: Regional Economic Press Briefing on Job Polarization and Rising Inequality
Over the past three decades, the United States has seen substantial growth in both high- skill and low-skill jobs, while growth of those in the middle has stagnated.
Are CDS Derivatives Associated With Higher Corporate Defaults?
Title VII of the Dodd-Frank Act requires that some derivatives contracts be traded on centralized exchanges.
Historical Echoes: From the Bonfires to the Frozen Assets
What do the Italian Renaissance and the Great Depression have in common?
What’s Driving Up Money Growth?
Two key monetary aggregates, M1 and M2, have grown quickly recently—especially M1, the narrow aggregate.
What Falling Export Share Says about U.S. Export Competitiveness
The U.S. market share of world merchandise exports has declined sharply over the past decade.
Just Released: The Euro‑zone Growth Outlook – Calm Before the Storm?
The European Central Bank (ECB) released the results of its 2012:Q2 Survey of Professional Forecasters (SPF) on May 3.
Historical Echoes: Our Checking Accounts, Ourselves – Or, Say Good Night, Gracie’s Checking Account
An extensive 2009 exhibit, “Women Making Financial History,” chronicles the history of the relationship of women to finance.
The Private Premium in Public Bonds?
In a 2012 New York Fed study, Chenyang Wei and I find that interest rate spreads on publicly traded bonds issued by companies with privately traded equity are about 31 basis points higher on average than spreads on bonds issued by companies with publicly traded equity, even after controlling for risk and other factors.
The Great Moderation, Forecast Uncertainty, and the Great Recession
The Great Recession of 2007-09 was a dramatic macroeconomic event, marked by a severe contraction in economic activity and a significant fall in inflation.
Just Released: The New York Fed Staff Forecast—May 2012
We are presenting the New York Fed staff outlook for the U.S. economy to the New York Fed’s Economic Advisory Panel (EAP) at their meeting here today.