Historical Echoes: Skull Bumps and Economic Behavior
Phrenology (see this amusing four-minute video), popular in the first half of the nineteenth century, was the study of skull shape and contours (believed to indicate the location of more- and less-developed areas of the brain) in order to discern individuals’ abilities and personality traits (called “faculties” in the phrenologists’ jargon).
Just Released: Are Recent College Graduates Finding Good Jobs?
Stories abound about recent college graduates who are struggling to find good jobs in today’s economy, especially with student debt levels rising so quickly.
States Are Recovering Lost Jobs at Surprisingly Similar Rates
The U.S. economy lost more than 8 million jobs between January 2008 and February 2010.
Crisis Chronicles: 300 Years of Financial Crises (1620–1920)
James Narron and David Skeie As momentous as financial crises have been in the past century, we sometimes forget that major financial crises have occurred for centuries—and often. This new series chronicles mostly forgotten financial crises over the 300 years—from 1620 to 1920—just prior to the Great Depression. Today, we journey back to the 1620s […]
Just Released: New York’s Latest Beige Book Report Points to Sustained Growth
The New York Fed’s latest Beige Book report points to continued moderate growth in the regional economy.
Drilling Down into Core Inflation: Goods versus Services
M. Henry Linder, Richard Peach, and Robert W. Rich Among the measures of core inflation used to monitor the inflation outlook, the series excluding food and energy prices is probably the best known and most closely followed by policymakers and the public. While the conventional “ex food and energy” measure is a composite of the price changes […]
Data Link Helps Shed Light on Banks and Public Equity
In this blog we show some comparisons between banks with and without publicly traded equity made possible by the link produced by the Federal Reserve Bank of New York of regulatory identification numbers (RSSD ID) from the National Information Center (NIC) to the permanent company number (PERMCO) used in the Center for Research in Security Prices (CRSP).