260 posts on "Macroeconomics"
October 16, 2015
Just Released: Regional Service Sector Resilient even as Manufacturing Slumps
The October 2015 Business Leaders Survey of regional service firms, released today, paints a considerably more benign picture of local business conditions than the more troubling October 2015 Empire State Manufacturing Survey, released yesterday.
October 1, 2015
Introducing Our New App: Economic Research Tracker
Our experiment in blogging began four years ago, when we launched Liberty Street Economics.
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 15, 2015
A Discussion of Thomas Piketty’s Capital in the Twenty‑First Century: Does More Capital Increase Inequality?
My aim in the second post of this series on Thomas Piketty’s Capital in the Twenty-First Century is to talk about the economist’s research accomplishment in reconstructing capital-output ratios for developed countries from the Industrial Revolution to the present and using them to explain why wealth inequality will rise in developed countries.
July 13, 2015
A Discussion of Thomas Piketty’s Capital in the Twenty‑First Century: By How Much Is r Greater than g?
Maxim Pinkovskiy describes the arguments that Thomas Piketty makes to conclude that wealth inequality will rise and that global capital taxation is needed to stop it, and offers a critical discussion of the arguments.
June 22, 2015
Just Released: U.S. Economy in a Snapshot
The Research Group at the New York Fed would like to announce the publication of US Economy in a Snapshot[RR1] .
Posted at 10:00 am in Macroeconomics | Permalink
June 8, 2015
The Myth of First‑Quarter Residual Seasonality
The current policy debate is influenced by the possibility that the first-quarter GDP data were affected by “residual seasonality.”
Is Cheaper Oil Good News or Bad News for U.S. Economy?
Oil prices have declined substantially since the summer of 2014.
Posted at 7:00 am in Exports, Financial Markets, International Economics, Macroeconomics | Permalink | Comments (2)
May 20, 2015
Why Are Interest Rates So Low?
Marco Del Negro, Marc Giannoni, Matthew Cocci, Sara Shahanaghi, and Micah Smith Second post in the series In a recent series of blog posts, the former Chairman of the Federal Reserve System, Ben Bernanke, has asked the question: “Why are interest rates so low?” (See part 1, part 2, and part 3.) He refers, of […]
May 18, 2015
The FRBNY DSGE Model Forecast–April 2015
Marco Del Negro, Marc Giannoni, Matthew Cocci, Sara Shahanaghi, and Micah Smith First in a two-part series There are various types of economic forecasts, such as judgmental forecasts or model-based forecasts. In this post, we provide an update of the economic forecasts implied by the Federal Reserve Bank of New York’s (FRBNY) dynamic stochastic general […]
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