We are presenting the New York Fed staff outlook for the U.S. economy to the New York Fed’s Economic Advisory Panel (EAP) at their meeting here today.
May 11, 2012
Just Released: The New York Fed Staff Forecast—May 2012
Posted at 10:30 am in Forecasting, Inflation, Macroeconomics, Monetary Policy, Unemployment | Permalink
May 9, 2012
A Boost in Your Paycheck: How Are U.S. Workers Using the Payroll Tax Cut?
Over the past several months, there was a flurry of debate in Washington over the extension of the payroll tax cut.
May 7, 2012
The Flash Crash, Two Years On
On May 6, 2010, several U.S.-based equity products underwent an extraordinary price decline and recovery, all within less than half an hour.
Posted at 7:00 am in Financial Markets | Permalink
May 4, 2012
Historical Echoes: Pneumatic Tubes and Banking
Pneumatic tubes—a system in which cylinder-shaped containers (that could contain messages, money, small objects, and even food) are propelled through a network of tubes via compressed air or partial vacuum—are a relatively old technology.
Posted at 7:00 am in Historical Echoes | Permalink
May 2, 2012
Euro Area Spending Imbalances and the Sovereign Debt Crisis
Euro area periphery countries were borrowing heavily from abroad in the run-up to the sovereign debt crisis.
April 30, 2012
The Impact of Trade Reporting on the Interest Rate Derivatives Market
In recent years, regulators in the United States and abroad have begun to strengthen regulations governing over-the-counter (OTC) derivatives trading, driven by concerns over the decentralized and opaque nature of current trading practices.
April 16, 2012
Forecasting the Great Recession: DSGE vs. Blue Chip
Dynamic stochastic general equilibrium (DSGE) models have been trashed, bashed, and abused during the Great Recession and after.
Just Released: The Federal Reserve in the 21st Century 2012 Symposium
The Federal Reserve in the 21st Century (Fed 21) symposium on monetary policy and financial stability recently brought together over 225 college professors from around the region and the world.
April 13, 2012
Historical Echoes: We Are the 99 Percent, 1765 Edition
One might dispute the biblical assertion that “the poor always ye have with you” (John 12:8, King James Version), but it is indisputable that we will always have the top 1 percent of the income distribution among us.
April 11, 2012
The European Growth Outlook and Its Risks
As Europe continued to struggle with its sovereign debt crisis during the past two years, significant concerns about the growth outlook for European Union members began to emerge in late 2011.
Posted at 7:00 am in Euro Area, Forecasting, International Economics, Monetary Policy | Permalink | Comments (2)
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