221 posts on "Household Finance"
November 19, 2015
Just Released: New and Improved Charts and Data on Auto Loans
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.
Posted at 1:00 pm in Household Finance | Permalink
November 16, 2015
Should Monetary Policy Respond to Financial Conditions?
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 […]
November 9, 2015
The New Overnight Bank Funding Rate
The Federal Reserve Bank of New York will begin publishing the overnight bank funding rate (OBFR) sometime in the first few months of 2016.
Posted at 7:00 am in Financial Markets, Household Finance, Monetary Policy | Permalink | Comments (2)
November 5, 2015
How Did Quantitative Easing Interact with Regional Inequality?
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.
Posted at 7:05 am in Household Finance, Housing, Inequality, Macroeconomics, Monetary Policy, Regional Analysis, Unemployment | Permalink
Trends in Debt Concentration in the United States By Income
Household debt in the United States expanded before the Great Recession, contracted afterward, and has been recovering since 2013.
October 19, 2015
Reframing the Debate about Payday Lending
Except for the ten to twelve million people who use them every year, just about everybody hates payday loans.
August 31, 2015
August 24, 2015
Rethinking Mortgage Design
John Campbell, Andreas Fuster, David O. Lucca, Stijn Van Nieuwerburgh, and James Vickery Because mortgages make up the majority of household debt in most developed countries, mortgage design has important implications for macroeconomic policy and household welfare. As one example, most U.S. mortgages have fixed interest rates—if interest rates fall, existing borrowers need to refinance […]
August 13, 2015
Just Released: Releveraging the Consumer Credit Panel with Two New Charts
Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw Our Consumer Credit Panel, which is based on data from the Equifax credit reporting agency, first arrived at the New York Fed in 2009, and our very first Quarterly Report on Household Debt and Credit was published in August 2010, five years ago this month. We’ve continued […]
July 8, 2015
How Sensitive Is Housing Demand to Down Payment Requirements and Mortgage Rates?
When a household is looking to buy a home, financial considerations are usually very important.
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