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.”
What do banks do?
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.
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 […]
Foreign Borrowing in the Euro Area Periphery: The End Is Near
Current account deficits in euro area periphery countries have now largely disappeared.
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.
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.”
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.
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.
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.