Superstorm Sandy has had widespread effects in the tri-state region.
December 17, 2012
Just Released: December Empire State Manufacturing Survey
Issued this morning, the December 2012 Empire State Manufacturing Survey report suggests that
manufacturing activity continued to decline modestly in New York State, with only moderate lingering effects from superstorm Sandy.
December 3, 2012
Why (or Why Not) Keep Paying Interest on Excess Reserves?
In the fall of 2008, the Fed added new policy tools to its portfolio of techniques for implementing monetary policy.
Just Released: Money and Payments Workshop Examines Financial Market Structure
We’ve recently posted the proceedings of an October 19 Money and Payments Workshop that brought together researchers from central banks and academia as well as practitioners to discuss the importance of financial market structure.
Posted at 7:00 am in Financial Markets | Permalink
November 30, 2012
Historical Echoes: The Aftermath of a Devastating Hurricane . . . in 1938
More than seventy-four years ago, on September 21, 1938, a devastating hurricane—sometimes referred to as the Long Island Express—struck the southern shore of Long Island without much warning, killing fifty people and causing massive property damage.
Posted at 7:00 am in Historical Echoes | Permalink
November 29, 2012
Just Released: Press Briefing on Housing Conditions and the Economic Impact of Superstorm Sandy on the Region
At today’s regional economic press briefing, we provided an update on housing conditions as well as an initial assessment of superstorm Sandy’s economic impact on the region.
November 28, 2012
Just Released: New York’s Latest Beige Book Report Points to Weakening in the Aftermath of Superstorm Sandy
Jaison R. Abel and Jason Bram The regional economy experienced a weakening in the aftermath of superstorm Sandy, according to the New York Fed’s latest Beige Book report. Eight times a year, each of the nation’s twelve Federal Reserve Banks produces a report on current economic conditions in its District, based on largely anecdotal information […]
The Different Paths of Greece and Spain to High Unemployment
Euro area GDP remains below its 2007 level due to the global financial meltdown
and the subsequent sovereign debt crisis in the periphery countries.
November 26, 2012
Household Services Expenditures: An Update
This post updates and extends my July 2011 blog piece on household discretionary services expenditures.
November 23, 2012
Historical Echoes: Reverse Bank Run, Or When the Money Came Rollin’ In
On March 6, 1933, President Roosevelt issued a proclamation of a national bank holiday, which prohibited the withdrawal of gold for hoarding and other purposes and resulted in the temporary closure of all banks in the United States.
Posted at 7:00 am in Historical Echoes | Permalink
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