One would be hard-pressed to find a discussion about the timing of retirement these days that doesn’t mention finances.
Historical Echoes: Retirement Timing Discussions with Nary a Mention of Finances
Just Released: Press Briefing on Household Debt and Credit
This morning, New York Fed director of research Jamie McAndrews joined Bank economists to brief the press on economic developments.
State Unemployment and the Allocation of Federal Stimulus Spending
Fiscal stimulus, in the form of large discretionary increases in federal spending and tax reductions, is often triggered by a strong and persistent rise in the national unemployment rate.
The Macroeconomic Effects of Forward Guidance
In this post, we quantify the macroeconomic effects of central bank announcements about future federal funds rates, or forward guidance.
Historical Echoes: Cash or Credit? Payments and Finance in Ancient Rome
Imagine yourself a Roman citizen in the 1st Century B.C. You’ve gone shopping with your partner, who’s trying to convince you to buy a particular item.
Primary Dealers’ Waning Role in Treasury Auctions
On December 12, 2012, primary government securities dealers bought just 33 percent of the new ten-year Treasury notes sold at auction.
Historical Echoes: Bankers Behaving Calculatingly – with Slide Rules
How do bankers do calculations? Currently, on the computer (or calculator).
Underwater and Drowning? Some Facts about Mortgages that Could Be Targeted by Eminent Domain
Since the onset of the subprime crisis, many places across the United States have been affected by high levels of negative equity (meaning that borrowers owe more on their mortgages than their homes are worth), an associated flood of foreclosures, and loss of local wealth.
The Exchange Rate Disconnect
Why do large movements in exchange rates have small effects on international goods prices?
Historical Echoes: Neither a Lender nor a Borrower Be, or When the Bard Met the Fed
These lines come from a 1929 play, Shakespeare in Wall Street, a mash-up of famous Shakespearean characters from various plays set to the story of the stock market crisis just then in motion.
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