Surprisingly, there is no literature on how recessions (including the Great Recession) have affected schools.
January 30, 2012
January 13, 2012
Historical Echoes: The Double Eagle Lands at the New York Fed
The most expensive coin in the world, the famed 1933 Double Eagle, is on display to the public at the New York Fed.
Posted at 7:00 am in Historical Echoes | Permalink
January 11, 2012
Why Mortgage Refinancing Is Not a Zero‑Sum Game
In a recent speech, New York Fed President William Dudley called for actions “to see refinancing made broadly available on streamlined terms and with moderate fees to all prime conforming borrowers who are current on their payments.”
January 9, 2012
Cash Assets of Foreign Banks: An Example of Seasonal Adjustment Gone Awry
Federal Reserve Statistical Release H.8 provides aggregate data on the assets and liabilities of commercial banks in the United States
January 6, 2012
Historical Echoes: Henry George – NYC Mayoral Candidate and Best‑Selling, Self‑Educated Political Economist
In contrast to the popular image of today’s economists, Henry George (1839-97), a famous critic of protectionist economic policies, had a fascinating and tumultuous life.
Posted at 7:00 am in Historical Echoes | Permalink
January 4, 2012
Forecasting with Internet Search Data
Most economic data are released with a lag, sometimes quite a substantial one. Since the advent of regularly scheduled releases of economic data in the 1930s, a key challenge for economists has been to identify indicators that provide timely information about the release before it comes out—effectively, that “now-cast” its content.
Posted at 7:00 am in Exchange Rates, Forecasting, Housing, Regional Analysis, Unemployment | Permalink | Comments (4)
December 30, 2011
Historical Echoes: Using Art and Artifacts to Understand the Impact of the Great Depression
The widespread distress caused by an economic downturn, such as the recent Great Recession, lingers long after economic indicators begin to recover, but it can also be the impetus for key structural reforms.
Posted at 7:00 am in Historical Echoes | Permalink
December 28, 2011
Labor Force Exits Are Complicating Unemployment Rate Forecasts
What will the unemployment rate be in 2013? Even if you were certain how much the U.S. economy (gross domestic product, or GDP) would grow over the next year or two, it would still be difficult to forecast the unemployment rate over that period.
Posted at 7:00 am in Forecasting, Labor Market, Macroeconomics, Unemployment | Permalink | Comments (2)
December 23, 2011
Historical Echoes: Winning Essay on Central Banking Gets $100 (in 1910)
In 1910, Bankers Magazine announced that the American Institute of Banking would give prizes of $100 and $50 for the two best essays on central banking.
Posted at 7:00 am in Historical Echoes | Permalink
December 21, 2011
Central Bank Imbalances in the Euro Area
The euro area sovereign debt crisis sparked an outflow of bank deposits from countries in the periphery to commercial banks in Germany and other core countries.
Posted at 7:00 am in Banks, Central Bank, Euro Area, Financial Institutions, International Economics | Permalink | Comments (4)
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