Caricatures of Alan Greenspan and Warren Buffett in the National Portrait Gallery?
August 15, 2014
Historical Echoes: Caricatures of Financial Leaders in the National Portrait Gallery
Posted at 7:00 am in Historical Echoes | Permalink
August 14, 2014
Just Released: Looking under the Hood of the Subprime Auto Lending Market
Andrew F. Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw Today, the New York Fed released the Quarterly Report on Household Debt and Credit for the second quarter of 2014. Aggregate debt was relatively flat in the second quarter as housing-related debt shrank, held down by sluggish mortgage originations. But non-housing debt balances […]
August 13, 2014
Why Didn’t Inflation Collapse in the Great Recession?
GDP contracted 4 percent from 2008:Q2 to 2009:Q2, and the unemployment rate peaked at 10 percent in October 2010.
Posted at 7:00 am in DSGE, Fiscal Policy, Macroeconomics, Monetary Policy, Recession, Unemployment | Permalink | Comments (4)
August 11, 2014
Inflation in the Great Recession and New Keynesian Models
Since the financial crisis of 2007-08 and the Great Recession, many commentators have been baffled by the “missing deflation” in the face of a large and persistent amount of slack in the economy.
Posted at 7:00 am in DSGE, Financial Markets, Macroeconomics, Monetary Policy, Unemployment | Permalink | Comments (1)
August 8, 2014
Crisis Chronicles: The Hamburg Crisis of 1799 and How Extreme Winter Weather Still Disrupts the Economy
With intermittent war raging across much of Western Europe near the end of the eighteenth century, by about 1795, Hamburg had replaced Amsterdam as an important hub for commodities trade.
August 6, 2014
The Slow Recovery in Consumer Spending
One contributor to the subdued pace of economic growth in this expansion has been consumer spending.
August 4, 2014
Financial Stability Monitoring
In a recently released New York Fed staff report, we present a forward-looking monitoring program to identify and track time-varying sources of systemic risk.
Posted at 10:00 am in Fed Funds, Financial Institutions, Financial Markets, Macroeconomics, Monetary Policy, Systemic Risk | Permalink
July 31, 2014
Just Released: Updated Study of the Competitiveness of Puerto Rico’s Economy Proposes Steps to Address the Island’s Fiscal Stress
An Update on the Competitiveness of Puerto Rico’s Economy, released today, offers six steps that the Island’s government should consider taking to restore its fiscal health.
July 21, 2014
Becoming More Alike? Comparing Bank and Federal Reserve Stress Test Results
Stress tests have become an important method of assessing whether financial institutions have enough capital to operate in bad economic conditions.
July 18, 2014
Historical Echoes: The Worst Bank Robbers in Mendham, New Jersey
There are many methods by which financial institutions can ready themselves for worst-case scenarios: they acquire FDIC insurance, they follow a variety of banking regulations, and they prepare for natural disasters, for starters.
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