Liberty Street Economics
May 31, 2013

Historical Echoes: How to Choose a Bank, Past and Present

In May 1953, an article from Kiplinger’s Changing Times titled “No, All Banks Are Not Alike” advised, “[Y]ou want a bank that is safe, convenient, pleasant to visit; one that offers all the regular banking services and makes reasonable charges for them; one that is well managed and competently staffed, and whose officers and tellers are friendly and willing to advise you on your major financial problems.”

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
May 29, 2013

Piggy Banks

What do banks do?

May 24, 2013

Historical Echoes: Seeing through the Blackout of 1965 and Other Trials

In November 1965, the northeastern United States experienced a thirteen-hour blackout – the biggest in history to that date.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (1)
May 23, 2013

Just Released: The New York Fed Staff Forecast—May 2013

Jonathan McCarthy and Richard Peach As we did last year around this time, we’re presenting the New York Fed staff outlook for the U.S. economy to the Bank’s Economic Advisory Panel at today’s meeting. It provides an opportunity to get valuable feedback from leading economists in academia and the private sector on the staff forecast; such feedback […]

May 22, 2013
May 20, 2013

Do Big Cities Help College Graduates Find Better Jobs?

Although the unemployment rate of workers with a college degree has remained well below average since the Great Recession, there is growing concern that college graduates are increasingly underemployed—that is, working in a job that does not require a college degree or the skills acquired through their chosen field of study.

May 17, 2013

Historical Echoes: The “Mississippi Bubble” – When One’s Back Could Be Rented Out as a Writing Desk

In 1720, the very same year that England was experiencing the “South Sea Bubble” (see our post), France was experiencing a bubble as well—the “Mississippi Bubble.”

Posted at 7:00 am in Historical Echoes | Permalink | Comments (2)
May 15, 2013

My Two (Per)cents: How Are American Workers Dealing with the Payroll Tax Hike?

The payroll tax cut, which was in place during all of 2011 and 2012, reduced Social Security and Medicare taxes withheld from workers’ paychecks by 2 percent.

May 14, 2013

Just Released: The Geography of Student Debt

This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for 2013 Q1.

May 13, 2013

Capital Controls, Currency Wars, and International Cooperation

The debate over whether there’s a case for limiting capital flows has intensified recently—both in media and academic forums.

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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