Households in the New York-northern New Jersey region were spared the worst of the housing bust and have generally experienced less financial stress than average over the past several years.
April 10, 2013
Foreclosures Loom Large in the Region
Posted at 7:00 am in Household Finance, Housing, New York, Recession, Regional Analysis | Permalink | Comments (1)
April 8, 2013
Does Import Competition Improve the Quality of Domestic Goods?
Firms must produce high-quality goods to be competitive in international markets, but how do they transition from producing low- to high-quality goods?
April 5, 2013
Historical Echoes: Central Bank and Paper Money Innovator Given Death Sentence for His Efforts
In 1668, Johan Palmstruch, the head of Stockholms Banco, the precursor to the oldest central bank still operating today—the Swedish Riksbank—was charged and sentenced to death, according to Wikipedia and the Riksbank.
April 3, 2013
Just Released: February Report Points to Moderate Regional Economic Growth
The February Indexes of Coincident Economic Indicators (CEIs) for New York State, New York City, and New Jersey released today show activity expanding at a moderate pace across the region.
I Want My Money Now: The Highs and Lows of Payments in Real Time
Peel back the layers of complex financial institutions and instruments, and you’re
left with individuals demanding to be paid, and to be paid quickly.
April 1, 2013
How Liquid Is the Inflation Swap Market?
Inflation swaps are used to transfer inflation risk and make inferences about the future course of inflation.
March 29, 2013
Historical Echoes: I’ll Take “Happy Birthday, Fed!” for $400, Alex
The Federal Reserve System is getting ready to celebrate its 100th birthday.
March 27, 2013
Is Job Polarization Holding Back the Labor Market?
More than three years after the end of the Great Recession, the labor market still remains weak, with the unemployment rate at 7.7 percent and payroll employment 3 million less than its pre-recession level.
March 26, 2013
First Impressions Can Be Misleading: Revisions to House Price Changes
An assiduous follower of the national house price charts that the New York Fed maintains on its web page may have noticed that we appear to be rewriting history as we update the charts every month..
March 25, 2013
A New Approach for Identifying Demand and Supply Shocks in the Oil Market
An oil-price spike is often used as the textbook example of a supply shock. However, rapidly rising oil prices can also reflect a demand shock. Recognizing the difference is important for central bankers.
Posted at 7:00 am in Exports, Financial Institutions, Financial Markets, International Economics | Permalink
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