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Current Federal Reserve Policy Under the Lens of Economic History

Federal Reserve Bank of St. Louis – Current Federal Reserve Policy Under the Lens of Economic History: A Review Essay

“This review essay is intended as a critical review of Humpage (2015), and it expands on the issues raised in that volume. Federal Reserve Policy during the financial crisis, and in its aftermath are addressed, along with the relationship to historical experience in the U.S. and elsewhere in the world….Current Federal Reserve Policy Under the Lens of Economic History, edited by Owen Humpage (Humpage 2015), is a collection of papers commemorating the 100th anniversary of the Federal Reserve System. The Humpage volume also celebrates the achievements of Michael Bordo, and includes a retrospective on his contributions to macroeconomic history.”

GAO Reports – Defense Energy, Facilities Modernization, International Insurance Capital Standards, Mortgage Reforms, Prescription Drugs

Defense Energy: Observations on DOD’s Investments in Alternative Fuels, GAO-15-674: Published: Jul 27, 2015. Publicly Released: Jul 27, 2015. Facilities Modernization: DOD Guidance and Processes Reflect Leading Practices for Capital Planning, GAO-15-489: Published: Jul 27, 2015. Publicly Released: Jul 27, 2015. International Insurance Capital Standards: Collaboration among U.S. Stakeholders Has Improved but Could Be Enhanced,Continue Reading

International banking statistics at end-March 2015

“The Bank for International Settlements (BIS) today released international banking statistics at end-March 2015. Global cross-border claims of BIS reporting banks continued to expand in early 2015, rising by $755 billion between end-December 2014 and end-March 2015. The latest quarterly increase lifted the annual growth rate of claims to 6%, compared with -2% a yearContinue Reading

New on LLRX – Cut and Paste Opinions: A Turing Test for Judicial Decision-Making

Via LLRX.com – Cut and Paste Opinions: A Turing Test for Judicial Decision-Making  – Ken Strutin argues that cut-and-paste is a laudable method for reducing transcription errors in copying citations and quotations. However, he identifies that a problem arises when it is used to lift verbatim sections of a party’s arguments into a case decision.Continue Reading

New on LLRX – Library Research Guides: Best Practices

Via LLRX.com – Library Research Guides: Best Practices – Many librarians have a set of research guides that they are responsible for keeping up to date, but finding time to devote to this important task can be extremely difficult. As libraries migrate to LibGuides 2.0, many are using this opportunity to study their users’ preferences,Continue Reading

Depths of Hydraulic Fracturing and Accompanying Water Use Across US

Environ. Sci. Technol., Article ASAP. DOI: 10.1021/acs.est.5b01228 Publication Date (Web): July 21, 2015 Copyright © 2015 American Chemical Society “Reports highlight the safety of hydraulic fracturing for drinking water if it occurs “many hundreds of meters to kilometers underground”. To our knowledge, however, no comprehensive analysis of hydraulic fracturing depths exists. Based on fracturing depthsContinue Reading

Taming Leviathan

Boettke, Peter J. and Palagashvili, Liya, Taming Leviathan (July 24, 2015). GMU Working Paper in Economics. Available for download at SSRN: http://ssrn.com/abstract=2635701 “The current public debt crises in Western democratic countries provide an important illustration of what Adam Smith had described as the “juggling trick” – namely deficit increases, accumulation of debt, and debasement ofContinue Reading

Northern Light Launches Competitive Intelligence Portal

Remember Northern Light web search engine – going back to the time I launched LLRX.com – see this News release: “Northern Light® today launched Millie™ (http://millie.northernlight.com), the first market and competitive intelligence portal available free on the web. Millie is structured as a series of industry-specific dashboards, making it easy to find useful information inContinue Reading

Americans with Disabilities Act – 25th Anniversary

Via USA.gov: “Celebrating 25 Years of the Americans With Disabilities Act – July 26 marks the 25th anniversary of the Americans with Disabilities Act (ADA). Modeled after the Civil Rights Act of 1964, the legislation was signed into law in 1990 to eliminate discrimination against, and to promote opportunities for people with physical and mentalContinue Reading

Attention Effects in a High-Frequency World

Chakrabarty, Bidisha and Moulton, Pamela C. and Wang, Xu (Frank), Attention Effects in a High-Frequency World (July 23, 2015). Available for download at SSRN: http://ssrn.com/abstract=2634621 “How does limited attention affect stock prices in today’s computer-driven financial markets? We study this issue by re-examining the effects of limited attention using a dataset that separately identifies tradesContinue Reading

Hackers continue to leak federal government employee data

NextGov.com: “The group of hacktivists, Anonymous, claimed in a tweet on Wednesday they hacked the Census Bureau and leaked employee details online. The hack was in protest of TTIP (Transatlantic Trade and Investment Partnership), which is an agreement being negotiated between the U.S. and E.U. critics say would increase corporate power and make it moreContinue Reading

EU Economic and Financial Affairs Council Reports

“Economic, fiscal and employment policies – Recommendations to the member states – The Council issued country-specific recommendations and opinions on the economic, fiscal and employment policies planned by the member states, as well as a specific recommendation on the economic policies of the euro area.  Adoption of the texts, following their endorsement by the EuropeanContinue Reading