You walk into a bank branch, check in hand.
Look for our next post on March 23.
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 […]
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.
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 […]
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.
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.
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.
From the Vault: Supplementing a Monetary Policy Syllabus
Liberty Street Economics posts from New York Fed economists can serve as teaching tools for new monetary policy and lending tools that are “not found in any textbook.”
Just Released: An Update on Regional Economic Conditions Provided at Our Economic Press Briefing
Jaison R. Abel, Jason Bram, Richard Deitz, and James Orr Today’s Economic Press Briefing at the New York Fed presented our economic outlook for New York, Northern New Jersey, and Puerto Rico. We showed that many parts of the region have bounced back quite well from the Great Recession and are growing at a solid […]
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