In 1949, engineer/economist A. W. H. (Bill) Phillips unveiled a mechanical economic model, the Phillips machine, which could demonstrate—by pushing colored water through clear pipes—how money moves through the economy.
June 29, 2012
June 27, 2012
Fiscal Drag from the State and Local Sector?
With July just around the corner, most cities and states are preparing for the start of a new fiscal year.
June 25, 2012
Mapping and Sizing the U.S. Repo Market
The U.S. repurchase agreement (repo) market is a large financial market where participants effectively provide collateralized loans to one another.
June 11, 2012
Money Market Funds and Systemic Risk
On September 16, 2008, Reserve Primary Fund, a money market fund (MMF) with $65 billion in assets under management, announced that losses in its portfolio had caused the value of shares in the fund to drop from $1.00 to $0.97.
June 8, 2012
Historical Echoes: When Fed Officials Wax Poetic
When was the last time a speech by a Federal Reserve official contained a full-length poem?
Posted at 7:00 am in Historical Echoes | Permalink
June 6, 2012
Just Released: New York’s Latest Beige Book Report Signals Steady Growth
The New York Fed’s latest Beige Book report points to continued moderate growth in the regional economy and some reduction in cost pressures.
Is Wall Street the Only Street in New York City?
Has Wall Street—the term for the securities industry that symbolizes New York City’s role as a global financial center—become less of a specialty for the city?
June 4, 2012
Is the 2005 Bankruptcy Reform Working?
While the name of the Bankruptcy Abuse Prevention and Consumer Protection Act suggests two goals, BAPCPA seemed to be more about abuse prevention than consumer protection.
June 1, 2012
Historical Echoes: The Symbolism of the Bull and the Bear
The Bull and the Bear, respectively, are long-standing symbols of optimism and pessimism about the outlook for the stock market. How did this come about?
Posted at 7:00 am in Historical Echoes | Permalink
May 30, 2012
Just Released: Regional Economic Press Briefing on Job Polarization and Rising Inequality
Over the past three decades, the United States has seen substantial growth in both high- skill and low-skill jobs, while growth of those in the middle has stagnated.
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