Higher education is pivotal in our society—yet, its landscape is changing. Over the past decade, the private, for-profit sector of higher education has seen unprecedented growth, and its market share is at an all-time high.
November 20, 2013
Just Released: Lifting the Veil—For‑Profits in the Higher Education Landscape
Posted at 10:00 am in Education, Equitable Growth, Labor Market, Student Loans | Permalink | Comments (2)
Intermediary Leverage Cycles and Financial Stability
The financial crisis of 2007-09 highlighted the central role that financial intermediaries play in the propagation and amplification of shocks.
Posted at 7:00 am in Financial Institutions, Financial Intermediation, Financial Markets, Systemic Risk | Permalink
November 18, 2013
Yen and Yang: The Response of the Nikkei to the Yen
To what extent are Japanese equities driven by changes in the value of the yen?
Posted at 7:00 am in Exchange Rates, Exports, International Economics, Macroeconomics | Permalink | Comments (2)
November 15, 2013
Just Released: November Empire State Manufacturing Survey Shows a Decline in Activity
The results of this morning’s November Empire State Manufacturing Survey point to slightly weaker conditions in New York’s manufacturing sector.
Posted at 8:45 am in Regional Analysis | Permalink
A Long Road to Economic Recovery for the U.S. Virgin Islands
The U.S. Virgin Islands are a small and unique component of the Second Federal Reserve District.
November 14, 2013
Just Released: Deleveraging Decelerates and Household Balances Increase
Today, the New York Fed released the 2013:Q3 Quarterly Report on Household Debt and Credit.
Posted at 11:15 am in Household Finance | Permalink
November 13, 2013
On the Design of Monetary and Macroprudential Policies
The financial crisis, recession, and slow recovery have emphasized the interactions between financial markets and the real economy.
November 8, 2013
Crisis Chronicles: The South Sea Bubble of 1720—Repackaging Debt and the Current Reach for Yield
In 1720, the South Sea Company offered to pay the British government for the right to buy the national debt from debtholders in exchange for shares backed by dividends to be paid from the company’s debt holdings and South Sea trade profits.
November 6, 2013
(Unmet) Credit Demand of American Households
Basit Zafar, Max Livingston, and Wilbert van der Klaauw One of the direct effects of the 2008 financial crisis on U.S. households was a sharp tightening of credit. Households that had previously been able to borrow relatively freely through credit cards, home equity loans, or personal loans suddenly found those lines closed off—just when they […]
November 4, 2013
Japan’s Missing Wall of Money
The Bank of Japan announced an open-ended asset purchase program in January 2013 and an unexpectedly ramped-up version of the program was implemented in early April.
Posted at 7:00 am in Balance of Payments, Exchange Rates, Exports, International Economics | Permalink | Comments (1)
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