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 9, 2015
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.
February 20, 2015
Payback Time? Measuring Progress on Student Debt Repayment
Student debt continues to make headlines because of its high balances and high rates of delinquency and default—troubling issues that we discussed in our previous posts this week.
February 19, 2015
Looking at Student Loan Defaults through a Larger Window
An analysis of student loan borrower distress uncovers some new facts. First, cohort default rates appear to have been worsening over time, Second, defaults appear to be concentrated among the lowest-balance borrowers, who may not have completed their schooling, or may have earned credentials with lower payoffs than a four-year college degree. Finally, snapshots of delinquency and default rates miss the fact that many borrowers who are current today have had serious stress in the past.
February 18, 2015
The Student Loan Landscape
Student loans have recently attracted a huge amount of attention from the press and policymakers.
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