Liberty Street Economics
December 31, 2012

Why Isn’t the Thirty-Year Fixed-Rate Mortgage at 2.6 Percent?

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.

December 21, 2012

The 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, 2012

How 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.

Posted at 7:00 am in Regional Analysis | Permalink | Comments (0)
December 19, 2012

The 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, 2012

The 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, 2012

What Are the Costs of Superstorm Sandy?

Superstorm Sandy has had widespread effects in the tri-state region.

Posted at 8:46 am in Regional Analysis | Permalink | Comments (0)

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.

Posted at 8:45 am in New York, Regional Analysis | Permalink | Comments (0)
December 3, 2012

Why (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.

Posted at 7:00 am in Financial Markets | Permalink | Comments (0)
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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.

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