The dollar rose sharply against both the euro and yen in 2014 and 2015 and non-oil import prices subsequently fell.
At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
Look for our next post on March 23.
Thomas Klitgaard and Patrick Russo
The dollar rose sharply against both the euro and yen in 2014 and 2015 and non-oil import prices subsequently fell.
Bianca De Paoli
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 […]
Amy Farber
Which of the following statements is true (you may choose more than one): (a) you are more likely to get a job at the Fed if you look like a Barbie doll, (b) you are less likely to get a job at the Fed if you look like a Barbie doll, (c) the inventor of the Barbie doll sat on the Board of Directors of a Federal Reserve Bank, (d) a key cleaner/restorer of the Federal Reserve Bank of New York building has strong ties to Architect Barbie, (e) a Federal Reserve Bank has used Barbie in its economic education program.
Marco Cipriani, Julia Gouny, Matthew Kessler, and Adam Spiegel
The Federal Reserve Bank of New York will begin publishing the overnight bank funding rate (OBFR) sometime in the first few months of 2016.
Giacomo De Giorgi and Maxim Pinkovskiy
However important income inequality is, it is only a partial representation of the inequality in well-being among individuals, households, counties, and other communities.
Andreas Fuster
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.
Donghoon Lee, Matthew Mazewski, Joelle Scally, and Basit Zafar
Household debt in the United States expanded before the Great Recession, contracted afterward, and has been recovering since 2013.
Jonathan McCarthy and Richard Peach
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.
By Hunter L. Clark, Andrew F. Haughwout, and James A. Orr
By Hunter L. Clark, Andrew F. Haughwout, and James A. Orr Puerto Rico’s economic and fiscal challenges have been an important focus of work done here at the New York Fed, resulting in two reports (2012 and 2014), several blog posts and one paper in our Current Issues series in just the last few years. […]
“What’s really driving inflation?” “Why do some neighborhoods bounce back faster than others?” Meet some of the New York Fed researchers working to answer questions that matter most to the economy.
Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.
The editors are Michael Fleming, Thomas Klitgaard, Maxim Pinkovskiy, and Asani Sarkar, all economists in the Bank’s Research Group.
Liberty Street Economics does not publish new posts during the blackout periods surrounding Federal Open Market Committee meetings.
The views expressed are those of the authors, and do not necessarily reflect the position of the New York Fed or the Federal Reserve System.
We encourage your comments and queries on our posts and will publish them (below the post) subject to the following guidelines:
Please be brief: Comments are limited to 1,500 characters.
Please be aware: Comments submitted shortly before or during the FOMC blackout may not be published until after the blackout.
Please be relevant: Comments are moderated and will not appear until they have been reviewed to ensure that they are substantive and clearly related to the topic of the post.
Please be respectful: We reserve the right not to post any comment, and will not post comments that are abusive, harassing, obscene, or commercial in nature. No notice will be given regarding whether a submission will or will
not be posted.
Comments with links: Please do not include any links in your comment, even if you feel the links will contribute to the discussion. Comments with links will not be posted.
The LSE editors ask authors submitting a post to the blog to confirm that they have no conflicts of interest as defined by the American Economic Association in its Disclosure Policy. If an author has sources of financial support or other interests that could be perceived as influencing the research presented in the post, we disclose that fact in a statement prepared by the author and appended to the author information at the end of the post. If the author has no such interests to disclose, no statement is provided. Note, however, that we do indicate in all cases if a data vendor or other party has a right to review a post.