In 1965, Baby-Boomer kids may have been treated to TV footage of a high-stepping chorus line and thousands of people cheering to the background tune “Happy Days Are Here Again.”
Historical Echoes: “Happy Days” and Little Green Pieces of Paper
Magnifying the Risk of Fire Sales in the Tri‑Party Repo Market
The fragility inherent in the tri-party repo market came to light during the 2008-09 financial crisis.
Improving Access to Refinancing Opportunities for Underwater Mortgages
Since the onset of the housing crisis, a focus of policymakers has been to help underwater homeowners lower their monthly mortgage payments by refinancing, principally through the Home Affordable Refinance Program (HARP).
Historical Echoes: Andy Warhol and the Art of Money
Money has been a topic of keen interest throughout history.
Do Bank Shocks Affect Aggregate Investment?
Traditionally, we have thought of the fates of specific banks as perhaps symptomatic of problems in the financial market but not as causal determinants of fluctuations in aggregate investment and other real economic activity.
Historical Echoes: Skull Bumps and Economic Behavior
Phrenology (see this amusing four-minute video), popular in the first half of the nineteenth century, was the study of skull shape and contours (believed to indicate the location of more- and less-developed areas of the brain) in order to discern individuals’ abilities and personality traits (called “faculties” in the phrenologists’ jargon).
Just Released: Are Recent College Graduates Finding Good Jobs?
Stories abound about recent college graduates who are struggling to find good jobs in today’s economy, especially with student debt levels rising so quickly.
States Are Recovering Lost Jobs at Surprisingly Similar Rates
The U.S. economy lost more than 8 million jobs between January 2008 and February 2010.
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 […]
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