Liberty Street Economics
June 29, 2012

Historical Echoes: A Water Machine that Simulates the Economy

In 1949, engineer/economist A. W. H. (Bill) Phillips unveiled a mechanical economic model, the Phillips machine, which could demonstrate—by pushing colored water through clear pipes—how money moves through the economy.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (2)
June 27, 2012

Fiscal Drag from the State and Local Sector?

With July just around the corner, most cities and states are preparing for the start of a new fiscal year.

Posted at 7:00 am in Fiscal Policy | Permalink | Comments (2)
June 25, 2012

Mapping and Sizing the U.S. Repo Market

The U.S. repurchase agreement (repo) market is a large financial market where participants effectively provide collateralized loans to one another.

Posted at 7:00 am in Financial Markets, Repo | Permalink | Comments (1)
June 11, 2012

Money Market Funds and Systemic Risk

On September 16, 2008, Reserve Primary Fund, a money market fund (MMF) with $65 billion in assets under management, announced that losses in its portfolio had caused the value of shares in the fund to drop from $1.00 to $0.97.

June 8, 2012

Historical Echoes: When Fed Officials Wax Poetic

When was the last time a speech by a Federal Reserve official contained a full-length poem?

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
June 6, 2012

Just Released: New York’s Latest Beige Book Report Signals Steady Growth

The New York Fed’s latest Beige Book report points to continued moderate growth in the regional economy and some reduction in cost pressures.

Is Wall Street the Only Street in New York City?

Has Wall Street—the term for the securities industry that symbolizes New York City’s role as a global financial center—become less of a specialty for the city?

June 4, 2012

Is the 2005 Bankruptcy Reform Working?

While the name of the Bankruptcy Abuse Prevention and Consumer Protection Act suggests two goals, BAPCPA seemed to be more about abuse prevention than consumer protection.

June 1, 2012

Historical Echoes: The Symbolism of the Bull and the Bear

The Bull and the Bear, respectively, are long-standing symbols of optimism and pessimism about the outlook for the stock market. How did this come about?

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
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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