The U.S. economy lost more than 8 million jobs between January 2008 and February 2010.
June 26, 2013
June 24, 2013
Crisis Chronicles: 300 Years of Financial Crises (1620–1920)
James Narron and David Skeie As momentous as financial crises have been in the past century, we sometimes forget that major financial crises have occurred for centuries—and often. This new series chronicles mostly forgotten financial crises over the 300 years—from 1620 to 1920—just prior to the Great Depression. Today, we journey back to the 1620s […]
Posted at 7:00 am in Crisis, Economic History, Exchange Rates, Monetary Policy | Permalink | Comments (5)
June 5, 2013
Just Released: New York’s Latest Beige Book Report Points to Sustained Growth
The New York Fed’s latest Beige Book report points to continued moderate growth in the regional economy.
Posted at 2:15 pm in Regional Analysis | Permalink
Drilling Down into Core Inflation: Goods versus Services
M. Henry Linder, Richard Peach, and Robert W. Rich Among the measures of core inflation used to monitor the inflation outlook, the series excluding food and energy prices is probably the best known and most closely followed by policymakers and the public. While the conventional “ex food and energy” measure is a composite of the price changes […]
June 3, 2013
Data Link Helps Shed Light on Banks and Public Equity
In this blog we show some comparisons between banks with and without publicly traded equity made possible by the link produced by the Federal Reserve Bank of New York of regulatory identification numbers (RSSD ID) from the National Information Center (NIC) to the permanent company number (PERMCO) used in the Center for Research in Security Prices (CRSP).
Posted at 7:00 am in Corporate Finance | Permalink
May 31, 2013
Historical Echoes: How to Choose a Bank, Past and Present
In May 1953, an article from Kiplinger’s Changing Times titled “No, All Banks Are Not Alike” advised, “[Y]ou want a bank that is safe, convenient, pleasant to visit; one that offers all the regular banking services and makes reasonable charges for them; one that is well managed and competently staffed, and whose officers and tellers are friendly and willing to advise you on your major financial problems.”
Posted at 7:00 am in Historical Echoes | Permalink
May 29, 2013
Piggy Banks
What do banks do?
May 24, 2013
Historical Echoes: Seeing through the Blackout of 1965 and Other Trials
In November 1965, the northeastern United States experienced a thirteen-hour blackout – the biggest in history to that date.
May 23, 2013
Just Released: The New York Fed Staff Forecast—May 2013
Jonathan McCarthy and Richard Peach As we did last year around this time, we’re presenting the New York Fed staff outlook for the U.S. economy to the Bank’s Economic Advisory Panel at today’s meeting. It provides an opportunity to get valuable feedback from leading economists in academia and the private sector on the staff forecast; such feedback […]
May 22, 2013
Foreign Borrowing in the Euro Area Periphery: The End Is Near
Current account deficits in euro area periphery countries have now largely disappeared.
Posted at 7:00 am in Balance of Payments, Euro Area, Exchange Rates, Exports, International Economics | Permalink | Comments (1)
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