11 posts from "February 2013"
February 28, 2013
Just Released: Press Briefing on Household Debt and Credit
This morning, New York Fed director of research Jamie McAndrews joined Bank economists to brief the press on economic developments.
February 27, 2013
State Unemployment and the Allocation of Federal Stimulus Spending
Fiscal stimulus, in the form of large discretionary increases in federal spending and tax reductions, is often triggered by a strong and persistent rise in the national unemployment rate.
February 25, 2013
The Macroeconomic Effects of Forward Guidance
In this post, we quantify the macroeconomic effects of central bank announcements about future federal funds rates, or forward guidance.
Posted at 7:00 am in DSGE, Expectations, Fed Funds, Forecasting, Inflation, Monetary Policy | Permalink | Comments (3)
February 22, 2013
Historical Echoes: Cash or Credit? Payments and Finance in Ancient Rome
Imagine yourself a Roman citizen in the 1st Century B.C. You’ve gone shopping with your partner, who’s trying to convince you to buy a particular item.
February 20, 2013
Primary Dealers’ Waning Role in Treasury Auctions
On December 12, 2012, primary government securities dealers bought just 33 percent of the new ten-year Treasury notes sold at auction.
February 15, 2013
Historical Echoes: Bankers Behaving Calculatingly – with Slide Rules
How do bankers do calculations? Currently, on the computer (or calculator).
Posted at 7:00 am in Historical Echoes | Permalink
February 13, 2013
Underwater and Drowning? Some Facts about Mortgages that Could Be Targeted by Eminent Domain
Since the onset of the subprime crisis, many places across the United States have been affected by high levels of negative equity (meaning that borrowers owe more on their mortgages than their homes are worth), an associated flood of foreclosures, and loss of local wealth.
February 11, 2013
The Exchange Rate Disconnect
Why do large movements in exchange rates have small effects on international goods prices?
February 8, 2013
Historical Echoes: Neither a Lender nor a Borrower Be, or When the Bard Met the Fed
These lines come from a 1929 play, Shakespeare in Wall Street, a mash-up of famous Shakespearean characters from various plays set to the story of the stock market crisis just then in motion.
Posted at 7:00 am in Historical Echoes | Permalink
February 6, 2013
How Did Education Financing in New Jersey’s Abbott Districts Fare during the Great Recession?
In the state of New Jersey, any child between the ages of five and eighteen has the constitutional right to a thorough and efficient education.
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