Model uncertainty is pervasive. Economists, bloggers, policymakers all have different views of how the world works and what economic policies would make it better.
Coming May 1:
Consumer Spending Trends and the K-Shaped Economy
Consumer Spending Trends and the K-Shaped Economy
March 23, 2015
March 20, 2015
Just Released: Benchmark Revisions Paint a Brighter Picture of (Most of) the Regional Economy
Every March, the Bureau of Labor Statistics releases benchmark revisions of state and local payroll employment for the past year.
March 11, 2015
From the Vault: It’s CCAR Season
Ahead of the Federal Reserve’s release on Wednesday of 2015 bank stress tests results, we’ve seen a spike in traffic to a piece in our archive that offers a primer on the annual Comprehensive Capital Analysis and Review (CCAR) process and background on its role as a tool in the Fed’s bank supervisory arsenal.
Posted at 7:00 am in Financial Markets | Permalink
March 9, 2015
Herd Behavior in Financial Markets
Over the last twenty-five years, there has been a lot of interest in herd behavior in financial markets—that is, a trader’s decision to disregard his or her private information to follow the behavior of the crowd.
March 6, 2015
Just Released: Is Your School Spending Less Than Your Neighbor’s?
This morning, the Federal Reserve Bank of New York released a set of interactive visuals that present school spending and its various components—such as instructional spending, instructional support, leadership support, and building services spending—across all thirty-two Community School Districts (CSD) in New York City and map their progression over time.
March 5, 2015
From the Vault: Tracking Subprime Auto Loans
Recent news of banks scaling back on the issuance of car loans to borrowers with a weak credit history, coupled with recent media investigations into auto lending fraud, have drawn renewed attention to a surge in subprime auto lending.
March 4, 2015
No Guarantees, No Trade!
World trade fell 20 percent relative to world GDP in 2008 and 2009.
Posted at 7:00 am in Exports, Financial Institutions, Inflation, International Economics | Permalink
March 2, 2015
Euro Area Inflation Expectations–Anchors Away?
Euro area inflation expectations have been falling at both short- >and long-term horizons, with the latter development suggesting the current low inflation environment is perceived as likely to persist.
February 25, 2015
The 2005 Bankruptcy Reform and the Foreclosure Crisis
Our previous post showed that the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was associated with a sizable rise in foreclosure, in addition to a decline in bankruptcy filings and a rise in insolvency.
February 23, 2015
Insolvency after the 2005 Bankruptcy Reform
Personal bankruptcy was introduced in the United States through the Bankruptcy Act of 1978.
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