As of mid-December, the average thirty-year fixed-rate mortgage was near its historic low of about 3.3 percent, or half its level in August 2007 when financial turmoil began.
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Liberty Street EconomicsDecember 31, 2012December 21, 2012The Path of Economic Recovery from Superstorm Sandy
Superstorm Sandy caused damage and disruption to a wide swath of the New
York-New Jersey region.December 20, 2012How Will We Pay For Superstorm Sandy?
While the full extent of the harm caused by superstorm Sandy is still unknown, it’s clear that the region sustained significant damage and disruption, particularly along the coastal areas of New York, New Jersey, and Connecticut.
December 19, 2012The Impact of Superstorm Sandy on New York City School Closures and Attendance
On October 29, superstorm Sandy hit the tri-state area, flooding streets, highways, tunnels, buildings, and homes, and crippling the region’s public transit system.
December 18, 2012The Welfare Costs of Superstorm Sandy
As most of the New York metropolitan region begins to get back to normal following the devastation caused by superstorm Sandy, researchers and analysts are trying to assess the total “economic cost” of the storm.
December 17, 2012What Are the Costs of Superstorm Sandy?
Superstorm Sandy has had widespread effects in the tri-state region.
Just Released: December Empire State Manufacturing Survey
Issued this morning, the December 2012 Empire State Manufacturing Survey report suggests that
manufacturing activity continued to decline modestly in New York State, with only moderate lingering effects from superstorm Sandy.December 3, 2012Why (or Why Not) Keep Paying Interest on Excess Reserves?
In the fall of 2008, the Fed added new policy tools to its portfolio of techniques for implementing monetary policy.
Just Released: Money and Payments Workshop Examines Financial Market Structure
We’ve recently posted the proceedings of an October 19 Money and Payments Workshop that brought together researchers from central banks and academia as well as practitioners to discuss the importance of financial market structure.
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