Rebalancing the Economy in Response to Fiscal Consolidation
According to the Congressional Budget Office (CBO), under current policies the ratio of federal debt held by the public over gross domestic product—the debt-to-GDP ratio—will rise rapidly over the next decade.
The Fed’s Emergency Liquidity Facilities during the Financial Crisis: The PDCF
During the height of the 2007-09 financial crisis, intermediation activities across the financial sector collapsed.
Just Released: Going Mobile – Census Bureau Launches Economic Data App
We encounter important economic data every single day. From reports on housing starts to unemployment to gross domestic product to construction spending, economic data are constantly shaping the news and our world. Now, the Census Bureau has made it even easier to keep our fingers on the pulse of these important economic indicators, with the launch of its first mobile application, “America’s Economy.”
Just Released: New York’s Latest Beige Book Report Signals Steady Growth
The New York Fed’s latest Beige Book report points to continued moderate growth in the regional economy and some reduction in cost pressures.
Just Released: The Euro‑zone Growth Outlook – Calm Before the Storm?
The European Central Bank (ECB) released the results of its 2012:Q2 Survey of Professional Forecasters (SPF) on May 3.
The Great Moderation, Forecast Uncertainty, and the Great Recession
The Great Recession of 2007-09 was a dramatic macroeconomic event, marked by a severe contraction in economic activity and a significant fall in inflation.
Just Released: The New York Fed Staff Forecast—May 2012
We are presenting the New York Fed staff outlook for the U.S. economy to the New York Fed’s Economic Advisory Panel (EAP) at their meeting here today.
Forecasting the Great Recession: DSGE vs. Blue Chip
Dynamic stochastic general equilibrium (DSGE) models have been trashed, bashed, and abused during the Great Recession and after.
Conclusion: How Low Will the Unemployment Rate Go?
A major theme of the posts in our labor market series has been that the outflows from unemployment, either into employment or out of the labor force, have been the primary determinant of unemployment rate dynamics in long expansions.
Reconciling Contrasting Signals in the Labor Market: The Role of Participation
The contrasting movements in the employment-to-population ratio (E/P) and the unemployment rate recently have been striking and puzzling.