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Daily Archives: May 27, 2014

Asset markets and monetary policy shocks at the zero lower bound

Claus, Edda and Claus, Iris and Krippner, Leo, Asset Markets and Monetary Policy Shocks at the Zero Lower Bound (May 1, 2014). CAMA Working Paper No. 42/2014. Available at SSRN: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2442110

This paper quantifies the impact of monetary policy shocks on asset markets in the United States and gauges the usefulness of a shadow short rate as a measure of conventional and unconventional monetary policy shocks. Monetary policy surprises are found to have had a larger impact on asset markets since short term interest rates reached the zero lower bound. Our results indicate that much of the increased reaction is due to changes in the transmission of shocks and only partly due to larger monetary policy surprises.”

How Decentralized Management Is Improving Schools

The Rise of Networks By Maureen Kelleher | May 27, 2014 “School districts across the country are shifting away from their traditional management paradigm—a central office that directs its schools through uniform mandates and policies—toward a new vision where district leaders support autonomous schools while holding them accountable for student performance. The advent of new governance mechanisms between districtsContinue Reading

Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests

Hu, Henry T. C., Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests (May 26, 2014). Yale Journal on Regulation, Vol. 31, No. 3, 2014. Available at SSRN: http://ssrn.com/abstract=2442092 “In 2013, a new system for mandatory public disclosure came into effect, the first since the creation of the Securities and Exchange Commission (SEC)Continue Reading

EPIC Defends Commercial Driver Privacy

“EPIC has submitted comments on a proposed Commercial Driver’s License Drug and Alcohol Clearinghouse. Under a newlaw, employers of commercial drivers will be required to report drug and alcohol test results to the Clearinghouse. Employers will also be required to check the database for test results on drivers. EPIC’s comments urged the Transportation Department to: (1) require anyoneContinue Reading

FTC Recommends Congress Require the Data Broker Industry to be More Transparent

Agency Report Shows Data Brokers Collect and Store Billions of Data Elements Covering Nearly Every U.S. Consumer: “In a report issued today on the data broker industry, the Federal Trade Commission finds that data brokers operate with a fundamental lack of transparency. The Commission recommends that Congress consider enacting legislation to make data broker practicesContinue Reading

OECD Obesity Update 2014

“The majority of the population, and one in five children, are overweight or obese in the OECD area. A nearly tenfold variation in rates of obesity and overweight is observed across OECD countries. The obesity epidemic has spread further in the past five years, but rates have been increasing at a slower pace than before.Continue Reading

The National Academies – The Human Mental Machinery

“Humans possess certain unique mental traits. Self-reflection, as well as ethic and aesthetic values, is among them, constituting an essential part of what we call the human condition. The human mental machinery led our species to have a self-awareness but, at the same time, a sense of justice, willing to punish unfair actions even ifContinue Reading

New GAO Report – Retirement Security

Challenges for Those Claiming Social Security Benefits Early and New Health Coverage Options, GAO-14-311: Published: Apr 23, 2014. Publicly Released: May 27, 2014: “Several work-related factors may cause people to claim Social Security benefits early and suggest they may face challenges in continuing to work at older ages. For example, those who worked in physically-demanding blue collarContinue Reading

Errors in spreadsheets are ubiquitous

MarketWatch – By Jeremy Olshan: “Microsoft Excel makes it easy for anyone to do the kind of number crunching once reserved for accountants and statisticians. But the world’s best-selling spreadsheet software has also contributed to the proliferation of bad math. Close to 90% of spreadsheet documents contain errors, a 2008 analysis of multiple studies suggests. “Spreadsheets, even afterContinue Reading

Torture ‘is flourishing’, says Amnesty, despite 30-year global ban – new findings

News release: “Torture “is flourishing” around the world, said Amnesty International (13 May), as it published a new briefing showing that already this year at least 79 countries have carried out torture. Meanwhile, during the last five years, Amnesty has recorded torture and other forms of ill-treatment in at least 141 countries from every region ofContinue Reading