James Narron and David Skeie As Mike Dash notes in his well-researched and gripping Tulipomania, tulips are native to central Asia and arrived in the 1570s in what’s now Holland, primarily through the efforts of botanist Charles de L’Escluse, who classified and spread tulip bulbs among horticulturalists in the late 1500s and early 1600s. By […]
Consumer Confidence: A Useful Indicator of . . . the Labor Market?
Consumer confidence is closely monitored by policymakers and commentators because of the presumed insight it can offer into the outlook for consumer spending and thus the economy in general.
U.S. Leveraged Buyouts: The Importance of Financial Visibility
In global finance, leveraged buyouts (LBOs) are an important tool for restructuring corporations.
Information on Dealer Activity in Specific Treasury Issues Now Available
The New York Fed has long collected market information from its primary dealer trading counterparts and released these data in aggregated form to the public.
Historical Echoes: It Wasn’t Brain Surgery – It Was the First Economic Table
François Quesnay, an eighteenth-century brain surgeon and physician to France’s King Louis XV, was also the first to put economic data into a table.
Creating a History of U.S. Inflation Expectations
Central bankers closely monitor inflation expectations because they’re an important determinant of actual inflation.
Are Higher Haircuts Better? A Paradox
Brian Begalle, Adam Copeland, Antoine Martin, Jamie McAndrews, and Susan McLaughlin Repurchase agreement (repo) markets played an important role in the 2007-09 financial crisis in the United States, and much discussion since then has focused on the role of repo haircuts. A repo is essentially a loan collateralized by securities. Typically, the value of the […]
Transparency and Sources of Information on the Federal Reserve’s Operations, Income, and Balance Sheet
This week-long series examined the evolution of the Federal Reserve’s securities portfolio and its performance over time.
More Than Meets the Eye: Some Fiscal Implications of Monetary Policy
In 2012, the Fed’s remittances to the U.S. Treasury amounted to $88.4 billion.
Just Released: Who Is Driving the Auto Lending Recovery?
This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013.

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