Linda Goldberg and Rose Wang investigate changes in bank holding company (BHC) geography, especially the rising share of BHC affiliates in tax havens and financial secrecy jurisdictions.
The Federal Reserve has kept interest rates at historic lows for the last six years, but eventually rates will return to their long-term averages.
When the U.S. Civil War broke out in 1861, cotton was king. The southern United States produced and exported much of the world’s cotton, England was a major textile producer, and cotton textiles were exported from England around the world.
This analysis introduces an improved estimate of auto loan originations, some new charts, and some fresh data on the auto loan market based on New York Fed Consumer Credit Panel data.
The dollar rose sharply against both the euro and yen in 2014 and 2015 and non-oil import prices subsequently fell.
Bianca De Paoli There’s an ongoing debate about whether policymakers should respond to financial conditions when setting monetary policy. An argument is often made that financial stability concerns are more appropriately dealt with by using regulatory and macroprudential tools. This post offers a theoretical justification for policymakers to monitor and possibly respond to financial conditions […]
Which of the following statements is true (you may choose more than one): (a) you are more likely to get a job at the Fed if you look like a Barbie doll, (b) you are less likely to get a job at the Fed if you look like a Barbie doll, (c) the inventor of the Barbie doll sat on the Board of Directors of a Federal Reserve Bank, (d) a key cleaner/restorer of the Federal Reserve Bank of New York building has strong ties to Architect Barbie, (e) a Federal Reserve Bank has used Barbie in its economic education program.
The Federal Reserve Bank of New York will begin publishing the overnight bank funding rate (OBFR) sometime in the first few months of 2016.
However important income inequality is, it is only a partial representation of the inequality in well-being among individuals, households, counties, and other communities.
Income, or wealth, inequality is not something that central bankers generally worry about when setting monetary policy, the goals of which are to maintain price stability and promote full employment.