Moreno Bertoldi, Philip R. Lane, Paolo Pesenti, and Valérie Rouxel-Laxton
The reasons why the macroeconomic policy mix has been different on the two sides of the Atlantic in recent years remain a hotly debated issue.
Adam Copeland and Ira Selig
Tri-party repo is popular among securities dealers as a way to raise short-term funding.
Jason Bram
Ever since the first census of the U.S. population was taken, back in 1790, New York City has been the nation’s largest city, and for most of this time by a factor of more than two.
Ricardo Correa, Linda S. Goldberg, and Tara Rice
he recent financial crisis underscored the importance of understanding how liquidity conditions for banks (or other financial institutions) influence the banks’ lending to domestic and foreign customers.
In a May 2014 Historical Echoes post, Marja Vitti describes what happened to money too old to be left in circulation: it was incinerated by the Federal Reserve Banks until passage of the Clean Air Act of 1970, after which the money was shredded.
Thomas Klitgaard and Preston Mui
Japan’s population is shrinking and getting older, with the population falling at a 0.2 percent rate this year, and the working-age population (ages 16 to 64), falling at a much faster rate of almost 1.5 percent.
Fernando M. Duarte, Juan Navarro-Staicos, and Carlo Rosa
Volatility, a measure of how much financial markets are fluctuating, has been near its record low in many asset classes.
Jim Narron and Donald P. Morgan
In 1815, England emerged victorious after what had been nearly a quarter century of war with France.
Over the past thirty years, the typical large bank has become a global entity with subsidiaries in many countries.
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.
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