Liberty Street Economics
November 27, 2013

Has the Fed Stabilized the Price Level?

Marc P. Giannoni and Hannah Herman The Federal Reserve Reform Act of 1977 established the monetary policy objectives of maximum employment, stable prices, and moderate long-term interest rates. The goal of “stable prices” has long been understood to mean a low positive inflation rate. On January 25, 2012, the Federal Open Market Committee (FOMC) explicitly […]

Posted at 7:00 am in Macroecon, Monetary Policy | Permalink | Comments (1)
November 25, 2013

A Way With Words: The Economics of the Fed’s Press Conference

When central bankers speak, traders, journalists, and politicians listen with bated breath.

November 22, 2013

At the N.Y. Fed: Managing the Risk of Catastrophes—Protecting Critical Infrastructure in Urban Areas

James Orr, Rae Rosen, Max Livingston, Kaivan K. Sattar, and Eric Stern Correction: An earlier version of this posting misspelled Stephane Hallegatte’s surname. We apologize for the error.

Posted at 1:00 pm | Permalink | Comments (0)

Historical Echoes: What Color Is My Day of the Week?

Black Monday, Black Friday, Green Monday, Black Thursday, Silver Thursday, Red Thursday, Black Tuesday – How to keep track?

Posted at 7:00 am in Historical Echoes | Permalink | Comments (0)
November 20, 2013

Just Released: Lifting the Veil—For-Profits in the Higher Education Landscape

Higher education is pivotal in our society—yet, its landscape is changing. Over the past decade, the private, for-profit sector of higher education has seen unprecedented growth, and its market share is at an all-time high.

Posted at 10:00 am in Education, Labor Economics | Permalink | Comments (2)

Intermediary Leverage Cycles and Financial Stability

The financial crisis of 2007-09 highlighted the central role that financial intermediaries play in the propagation and amplification of shocks.

November 18, 2013

Yen and Yang: The Response of the Nikkei to the Yen

To what extent are Japanese equities driven by changes in the value of the yen?

November 15, 2013

Just Released: November Empire State Manufacturing Survey Shows a Decline in Activity

The results of this morning’s November Empire State Manufacturing Survey point to slightly weaker conditions in New York’s manufacturing sector.

Posted at 8:45 am in Regional Analysis | Permalink | Comments (0)

A Long Road to Economic Recovery for the U.S. Virgin Islands

The U.S. Virgin Islands are a small and unique component of the Second Federal Reserve District.

November 14, 2013

Just Released: Deleveraging Decelerates and Household Balances Increase

Today, the New York Fed released the 2013:Q3 Quarterly Report on Household Debt and Credit.

Posted at 11:15 am in Household Finance | 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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