When we think of banks, we typically have in mind our local bank branch that stores deposits and issues mortgages or business loans.
Look for our next post on September 19.
September 28, 2015
September 23, 2015
How Much Do Inflation Expectations Matter for Inflation Dynamics?
Inflation dynamics are often described by some form of the Phillips curve.
September 22, 2015
September 21, 2015
Are BHCs Mimicking the Fed’s Stress Test Results?
Angela Deng, Beverly Hirtle, and Anna Kovner In March, the Federal Reserve and thirty-one large bank holding companies (BHCs) disclosed their annual Dodd-Frank Act stress test (DFAST) results. This is the third year in which both the BHCs and the Fed have published their projections. In a previous post, we looked at whether the Fed’s […]
September 4, 2015
From the Vault: Understanding Puerto Rico’s Economic Challenges
Recent news examining the toll that a decade of stagnation, out-migration, and heavy debt has taken on Puerto Rico draws on work summarized in two Liberty Street Economics posts.
Posted at 7:00 am in Regional Analysis | Permalink
September 2, 2015
Searching for Higher Wages
Luis Armona, Samuel Kapon, Laura Pilossoph, Ayşegül Şahin, and Giorgio Topa Since the peak of the recession, the unemployment rate has fallen by almost 5 percentage points, and observers continue to focus on whether and when this decline will lead to robust wage growth. Typically, in the wake of such a decline, real wages grow […]
September 1, 2015
A Distributed Version of Repugnance as a Constraint on Markets
The 2012 Nobel Prize in economics was awarded to Alvin E. Roth and Lloyd S. Shapley for their work on matching problems.
August 31, 2015
August 28, 2015
Historical Echoes: How Members of the Society for Creative Anachronism Make Money
Have you seen these people? You might come upon them wearing historic period garb.
Posted at 7:00 am in Historical Echoes | Permalink
Entry and Exit Leads to Zero Profit for Bitcoin Miners
In a previous post, we discussed bitcoin miners’ incentives to undertake a 51 percent attack given the current condition of the bitcoin market.
Posted at 7:00 am in Financial Markets | Permalink
RSS Feed
Follow Liberty Street Economics
