According to the Congressional Budget Office (CBO), under current policies the ratio of federal debt held by the public over gross domestic product—the debt-to-GDP ratio—will rise rapidly over the next decade.
September 26, 2012
September 24, 2012
How Much Can Refinancing Reduce the Risk of Mortgage Defaults?
Improving the ability of homeowners to take advantage of prevailing low mortgage rates by refinancing has remained an active topic of discussion.
September 21, 2012
Historical Echoes: 150 Years after the Morrill Act
One hundred and fifty years ago, the Morrill Act was signed into law, transforming the face of American higher education.
Posted at 7:00 am in Historical Echoes | Permalink
September 19, 2012
Soaring Tuitions: Are Public Funding Cuts to Blame?
Public colleges and universities play a vital role in training a state’s workforce, yet state support for higher education has been declining for years.
September 17, 2012
The Odd Behavior of Repo Haircuts during the Financial Crisis
Since the financial crisis began, there’s been substantial debate on the role of haircuts in U.S. repo markets.
August 31, 2012
Historical Echoes: What’s in a Name? The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
The official name for the economics prize is the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Posted at 7:00 am in Historical Echoes | Permalink
August 29, 2012
Just Released: Has Household Deleveraging Continued?
Today’s release of the 2012Q2 Quarterly Report on Household Debt and Credit indicates a continuation of the downward trend in household debt, which followed a long period of substantial increases.
If Interest Rates Go Negative . . . Or, Be Careful What You Wish For
The United States has slid into eight recessions in the last fifty years. Each time, the Federal Reserve sought to revive economic activity by reducing interest rates.
Posted at 7:05 am in Financial Institutions, Financial Markets, Monetary Policy | Permalink | Comments (7)
Follow That Money! How Global Banks Manage Liquidity Globally
Banks increasingly move money around the world.
August 27, 2012
Interest on Excess Reserves and Cash “Parked” at the Fed
The European Central Bank recently lowered from 0.25 percent to zero the interest rate it pays on funds that Eurozone banks hold on deposit with it.
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