In a new working paper, Josh Lerner and I explore how the venture capital (VC) model can be harnessed to achieve socially targeted ends by examining the investment record of community development venture capital (CDVC) firms.
November 21, 2012
November 19, 2012
Compensation Growth and Slack in the Current Economic Environment
Following a significant slowing during the recent recession, growth in various labor compensation measures has stabilized during the past two to three years.
November 16, 2012
Historical Echoes: 1947 Banking Basics, Step by Step
In 1947, if you didn’t quite understand banking basics, the ten-and-a-half-minute film “Using the Bank” might have served as an introduction.
November 15, 2012
Just Released: November Empire State Manufacturing Survey Points to Storm’s Effects
The results of this morning’s November Empire State Manufacturing Survey point to a slight decline in business conditions in New York’s manufacturing sector in the wake of “superstorm” Sandy.
November 14, 2012
Income Flows from U.S. Foreign Assets and Liabilities
Foreign investors placed roughly $1.0 trillion in U.S. assets in 2011, pushing the total value of their claims on the United States to $20.6 trillion.
November 9, 2012
Historical Echoes: How Do You Say “Wall Street” in Latin?
The Forum. This is where finance happened in ancient Rome.
November 7, 2012
Federal Reserve Liquidity Facilities Gross $22 Billion for U.S. Taxpayers
During the 2007-09 crisis, the Federal Reserve took many measures to mitigate
disruptions in financial markets, including the introduction or expansion of
liquidity facilities.
Posted at 7:00 am in Fed Funds, Financial Markets, Liquidity, Monetary Policy | Permalink | Comments (3)
November 5, 2012
Nudging Inflation Expectations: An Experiment
Managing consumers’ inflation expectations is of critical importance to central banks in the conduct of monetary policy.
November 2, 2012
Historical Echoes: FOMC … “Minutes” by Minutes
Kathleen McKiernan Although the Federal Reserve was founded in 1913, the Federal Open Market Committee, or FOMC, wasn’t created until passage of the Banking Act of 1933. Congress established the name and legal structure of the FOMC as a formal committee of the twelve Reserve Banks. In 1935, a System reorganization added the seven-member Board […]
October 31, 2012
In a Relationship: Evidence of Underwriters’ Efforts to Stabilize the Share Price in the Facebook IPO
Stocks are usually offered in initial public offerings (IPOs) at a discount, leading to large first-day IPO returns.
Posted at 7:00 am in Corporate Finance | Permalink
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