Liberty Street Economics
January 30, 2013

Just Released: NY Fed’s Erica Groshen Becomes Commissioner of Labor Statistics

What could cap being a Liberty Street Economics blogger/editor? Apparently, for one of us, becoming a chief bean-counter. Earlier today, our colleague Erica L. Groshen was sworn in as the nation’s new Commissioner of Labor Statistics.

Posted at 9:00 am in Labor Economics | Permalink | Comments (0)
January 18, 2013

Historical Echoes: The Whimsical Side of Banking circa 1960

Modern-day banks provide many services to their customers: checking and savings accounts, mortgages, investment advice, and the like.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (1)
January 16, 2013

How Severe Was the Credit Cycle in the New York-Northern New Jersey Region?

U.S. households accumulated record-high levels of debt in the 2000s, and then began a process of deleveraging following the Great Recession and financial crisis.

January 14, 2013

China’s Impact on U.S. Inflation

U.S. import prices of consumer goods shipped from China have been moderating in recent quarters, following an upward surge of 11 percent between mid-2010 and the end of 2011.

January 11, 2013

Historical Echoes: Banking in Early Nineteenth-Century New England

Amy Farber Old Sturbridge Village (OSV) is an historic site, a living museum located in Sturbridge, Massachusetts, that has a well-developed public website. Its page about banking in the early 1800s describes the Thompson Bank (see also video of exterior), which was constructed in the 1830s in Thompson, Connecticut, was a bank until 1893, and […]

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
January 9, 2013

Ring-Fencing and “Financial Protectionism” in International Banking

Some market watchers and academic researchers are concerned about a “Balkanization” of banking, owing to a sharp decline in cross-border international banking activity, and an increased home bias of financial transactions.

January 7, 2013

Making a Statement: How Did Professional Forecasters React to the August 2011 FOMC Statement?

The Federal Open Market Committee (FOMC) statement released on August 9, 2011, was the first to incorporate language on “forward guidance” with an explicit date tied to the Committee’s expected path of monetary policy.

January 4, 2013

Historical Echoes: The Origins of the Piggy Bank

Looking far back, all the way to the Middle Ages, people were in many ways very similar to those living today.

January 2, 2013

A “Reference Price Auction” to Buy or Sell Different Assets Simultaneously

In finance, auctions are often conducted to buy or sell simultaneously various assets with very different characteristics.

Posted at 7:00 am in Financial Markets | 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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