Liberty Street Economics
Return to Liberty Street Economics Home Page

15 posts from "November 2012"
November 30, 2012

Historical Echoes: The Aftermath of a Devastating Hurricane . . . in 1938

More than seventy-four years ago, on September 21, 1938, a devastating hurricane—sometimes referred to as the Long Island Express—struck the southern shore of Long Island without much warning, killing fifty people and causing massive property damage.

Posted at 7:00 am in Historical Echoes | Permalink
November 29, 2012

Just Released: Press Briefing on Housing Conditions and the Economic Impact of Superstorm Sandy on the Region

At today’s regional economic press briefing, we provided an update on housing conditions as well as an initial assessment of superstorm Sandy’s economic impact on the region.

Posted at 1:00 pm in Housing, Regional Analysis | Permalink
November 28, 2012

Just Released: New York’s Latest Beige Book Report Points to Weakening in the Aftermath of Superstorm Sandy

Jaison R. Abel and Jason Bram The regional economy experienced a weakening in the aftermath of superstorm Sandy, according to the New York Fed’s latest Beige Book report. Eight times a year, each of the nation’s twelve Federal Reserve Banks produces a report on current economic conditions in its District, based on largely anecdotal information […]

Posted at 2:15 pm in New York, Regional Analysis | Permalink

The Different Paths of Greece and Spain to High Unemployment

Euro area GDP remains below its 2007 level due to the global financial meltdown
and the subsequent sovereign debt crisis in the periphery countries.

November 26, 2012

Household Services Expenditures: An Update

This post updates and extends my July 2011 blog piece on household discretionary services expenditures.

November 23, 2012

Historical Echoes: Reverse Bank Run, Or When the Money Came Rollin’ In

On March 6, 1933, President Roosevelt issued a proclamation of a national bank holiday, which prohibited the withdrawal of gold for hoarding and other purposes and resulted in the temporary closure of all banks in the United States.

Posted at 7:00 am in Historical Echoes | Permalink
November 21, 2012

Doing Well by Doing Good? Community Development Venture Capital

In a new working paper, Josh Lerner and I explore how the venture capital (VC) model can be harnessed to achieve socially targeted ends by examining the investment record of community development venture capital (CDVC) firms.

November 19, 2012

Compensation Growth and Slack in the Current Economic Environment

Following a significant slowing during the recent recession, growth in various labor compensation measures has stabilized during the past two to three years.

Posted at 7:00 am in Expectations, Unemployment | Permalink
November 16, 2012

Historical Echoes: 1947 Banking Basics, Step by Step

In 1947, if you didn’t quite understand banking basics, the ten-and-a-half-minute film “Using the Bank” might have served as an introduction.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (3)
November 15, 2012

Just Released: November Empire State Manufacturing Survey Points to Storm’s Effects

The results of this morning’s November Empire State Manufacturing Survey point to a slight decline in business conditions in New York’s manufacturing sector in the wake of “superstorm” Sandy.

Posted at 8:45 am in New York, Regional Analysis | Permalink
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.

Liberty Street Economics does not publish new posts during the blackout periods surrounding Federal Open Market Committee meetings.

The views expressed are those of the authors, and do not necessarily reflect the position of the New York Fed or the Federal Reserve System.

Economic Research Tracker

Image of NYFED Economic Research Tracker Icon Liberty Street Economics is available on the iPhone® and iPad® and can be customized by economic research topic or economist.

Economic Inequality

image of inequality icons for the Economic Inequality: A Research Series

This ongoing Liberty Street Economics series analyzes disparities in economic and policy outcomes by race, gender, age, region, income, and other factors.

Most Read this Year

Comment Guidelines


We encourage your comments and queries on our posts and will publish them (below the post) subject to the following guidelines:

Please be brief: Comments are limited to 1,500 characters.

Please be aware: Comments submitted shortly before or during the FOMC blackout may not be published until after the blackout.

Please be relevant: Comments are moderated and will not appear until they have been reviewed to ensure that they are substantive and clearly related to the topic of the post.

Please be respectful: We reserve the right not to post any comment, and will not post comments that are abusive, harassing, obscene, or commercial in nature. No notice will be given regarding whether a submission will or will
not be posted.‎

Comments with links: Please do not include any links in your comment, even if you feel the links will contribute to the discussion. Comments with links will not be posted.

Send Us Feedback

Disclosure Policy

The LSE editors ask authors submitting a post to the blog to confirm that they have no conflicts of interest as defined by the American Economic Association in its Disclosure Policy. If an author has sources of financial support or other interests that could be perceived as influencing the research presented in the post, we disclose that fact in a statement prepared by the author and appended to the author information at the end of the post. If the author has no such interests to disclose, no statement is provided. Note, however, that we do indicate in all cases if a data vendor or other party has a right to review a post.