143 posts on "Inflation"
February 5, 2016
Crisis Chronicles: The Long Depression and the Panic of 1873
It always seemed to come down to railroads in the 1800s. Railroads fueled much of the economic growth in the United States at that time, but they required that a great deal of upfront capital be devoted to risky projects. The panics of 1837 and 1857 can both be pinned on railroad investments that went awry, creating enough doubt about the banking system to cause pervasive bank runs. The fatal spark for the Panic of 1873 was also tied to railroad investments—a major bank financing a railroad venture announced that it would suspend withdrawals. As other banks started failing, consumers and businesses pulled back and America entered what is recorded as the country’s longest depression.
Posted at 7:00 am in Crisis, Economic History, Financial Institutions, Inflation, Panic, Unemployment | Permalink | Comments (1)
January 6, 2016
Hedging Income Fluctuations with Foreign Currency Assets
The world has gone through a process of financial globalization over the past two decades, with countries increasing their holdings of foreign assets and liabilities.
Posted at 7:00 am in Exchange Rates, Household Finance, Inflation, International Economics | Permalink
January 5, 2016
Who is Driving the Recent Decline in Consumer Inflation Expectations?
The expectations of U.S. consumers about inflation have declined to record lows over the past several months.
November 18, 2015
The Importance of Commodity Prices in Understanding U.S. Import Prices and Inflation
The dollar rose sharply against both the euro and yen in 2014 and 2015 and non-oil import prices subsequently fell.
Posted at 7:00 am in Inflation, International Economics, Macroeconomics, Monetary Policy | Permalink
November 5, 2015
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.
November 4, 2015
Differences in Rent Inflation by Cost of Housing
We know that different people experience different inflation rates because the bundle of goods and services that they consume is different from that of the “typical” household.
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.
September 23, 2015
How Much Do Inflation Expectations Matter for Inflation Dynamics?
Inflation dynamics are often described by some form of the Phillips curve.
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.
May 15, 2015
Just Released: The New York Fed Staff Forecast, May 2015
Today, the Federal Reserve Bank of New York (FRBNY) is hosting the spring meeting of its Economic Advisory Panel (EAP). As has become custom at this meeting, FRBNY staff are presenting their forecast for U.S. growth, inflation, and unemployment through the end of 2016. Following the presentation, members of the EAP, which consists of leading economists in academia and the private sector, are asked to discuss the staff forecast. Such feedback helps the staff evaluate the assumptions and reasoning underlying the forecast and the key risks to it. Subjecting the staff forecast to periodic evaluation is also important because it informs the staff’s discussions with New York Fed President William Dudley about economic conditions. In that same spirit, we are sharing a short summary of the staff forecast in this post. For more detail, please see the material from the EAP meeting on our website.
Posted at 10:30 am in Exports, Forecasting, Inflation, Macroeconomics, Monetary Policy, Unemployment | Permalink
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