Economists tend to assume that frictions that limit trading in financial markets reduce liquidity and lower investor welfare.
December 19, 2011
December 5, 2011
“Flip This House”: Investor Speculation and the Housing Bubble
The recent financial crisis—the worst in eighty years—had its origins in the enormous increase and subsequent collapse in housing prices during the 2000s.
December 2, 2011
Historical Echoes: Old‑Timey Films on the 1940 Censuses
In 1940, the Census Bureau produced two short films trumpeting the general census that year and the first-ever census of housing.
Posted at 7:00 am in Historical Echoes | Permalink
November 30, 2011
Designing Executive Compensation to Curb Bank Risk Taking
The financial crisis and its aftermath have spurred calls for bank compensation packages that mitigate risk-taking incentives.
November 28, 2011
Unintended Consequences in School Accountability Policies
Over the past two decades, state and federal education policies have tried to hold schools more accountable for educating their students.
The Liberty Street Economics Blog: An Update on Our Experience
Since the launch of the Liberty Street Economics blog in March 2011, our economists have published more than eighty-five posts on a range of issues such as financial sector reform, the global role of the dollar, the federal debt ceiling, and the U.S.-China trade imbalance.
Posted at 7:00 am | Permalink
November 25, 2011
The Failure to Forecast the Great Recession
The economics profession has been appropriately criticized for its failure to forecast the large fall in U.S. house prices and its propagation first into an unprecedented financial crisis and subsequently into the Great Recession.
Posted at 6:00 pm in Forecasting, Macroeconomics, Monetary Policy, Recession, Unemployment | Permalink | Comments (30)
November 23, 2011
How Might Increased Transparency Affect the CDS Market?
The credit default swap (CDS) market has grown rapidly since the asset class was developed in the 1990s.
November 21, 2011
Job Polarization in the United States: A Widening Gap and Shrinking Middle
Over recent decades, the U.S. workforce has undergone a dramatic restructuring in response to changes in technology, trade, and consumption patterns.
November 18, 2011
Historical Echoes: What Makes a Bank Look Like a Bank?
We know what a bank looks like: It’s typically of solid construction with classical architectural features.
Posted at 7:00 am in Historical Echoes | Permalink
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