In 1720, the very same year that England was experiencing the “South Sea Bubble” (see our post), France was experiencing a bubble as well—the “Mississippi Bubble.”
Look for our next post on June 22.
May 17, 2013
May 15, 2013
My Two (Per)cents: How Are American Workers Dealing with the Payroll Tax Hike?
The payroll tax cut, which was in place during all of 2011 and 2012, reduced Social Security and Medicare taxes withheld from workers’ paychecks by 2 percent.
May 14, 2013
Just Released: The Geography of Student Debt
This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for 2013 Q1.
Posted at 11:15 am in Household Finance, Regional Analysis, Student Loans | Permalink | Comments (3)
May 13, 2013
Capital Controls, Currency Wars, and International Cooperation
The debate over whether there’s a case for limiting capital flows has intensified recently—both in media and academic forums.
May 10, 2013
Historical Echoes: What Do the New York Fed and Grand Central Terminal Have in Common?
These two fine old entities—the New York Fed and Grand Central Terminal—have at least three things in common: they are both about 100 years old, they both feature beautiful vaulting in some part of their structure by the same “designer” masons, and they both go very deep into the ground.
Posted at 7:00 am in Historical Echoes | Permalink
May 8, 2013
Are Stocks Cheap? A Review of the Evidence
We surveyed banks, we combed the academic literature, we asked economists at central banks.
May 6, 2013
Uncertainty, Liquidity Hoarding, and Financial Crises
One of the most interesting phenomena marking the recent financial crisis were the disruptions in the interbank market, where banks borrow and lend reserves to each other.
April 22, 2013
Japanese Inflation Expectations, Revisited
An important measure of success for monetary policy is a central bank’s ability to anchor inflation expectations; inflation expectations influence actual inflation and, hence, the achievement of a given inflation goal.
The Effect of Superstorm Sandy on the Macroeconomy
The Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce has reported that real Gross Domestic Product (GDP) increased at a very sluggish 0.4 percent annual rate in the final quarter of 2012.
April 19, 2013
Historical Echoes: Fedspeak as a Second Language
First there was Newspeak (from George Orwell’s book 1984, which intended to bend the thinking of the masses), then there was doublespeak (derived from Newspeak, meaning a deliberate disguising or distortion of meaning, and with its very own achievement award), and then there was Fedspeak (and likely many other “-speaks”).
Posted at 7:00 am in Historical Echoes | Permalink
RSS Feed
Follow Liberty Street Economics
