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Category Archives: Economy

IMF announces all online data free of charge effective January 1, 2015

Christine Lagarde, Managing Director, IMF “…Finally, let me turn to another very important aspect of the IMF’s statistical work—data publication. We very much recognize the importance of data as a public good. In this context, we are upgrading our data platforms and improving the way we distribute data and statistics to our membership throughout the world. Think of the One African Data Hub that the IMF has recently launched in collaboration with the African Development Bank. This is a “cloud-based” data reporting tool that makes it less onerous for reporters to provide economic data, and much easier for users to share data. Much of our data is already freely available. This is especially true of the data that supports our main forecasts for the global economy in the World Economic Outlook. And I have an important announcement to make—starting January 1, 2015 we will provide all our online data free-of-charge to everyone. This will help all those who draw on our data make better use of this vital statistical resource—from budget numbers to balance of payments data, debt statistics to critical global indicators. The IMF will continue to be a vital source of public information that is needed to underpin sound policy decisions.”

The Transmission of Liquidity Shocks

IMF – The Transmission of Liquidity Shocks: The Role of Internal Capital Markets and Bank Funding Strategies, Philippe D Karam; Ouarda Merrouche; Moez Souissi; Rima Turk. November 19, 2014. “We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the lending channel. Using bank-level data for US Bank Holding Companies, we find thatContinue Reading

Subcommittee Finds Wall Street Commodities Actions Add Risk To Economy, Businesses, Consumers

News release: “Wall Street banks have become heavily involved with physical commodities markets, increasing risks to financial stability, industry, consumers and markets, a two-year investigation by the Senate Permanent Subcommittee on Investigations has found. The investigation’s findings, contained in a 396-page bipartisan report, add important new details to the public debate about the breakdown of theContinue Reading

New GAO Reports – Bank Capital Reforms, Climate Change, FSOC, Ford-Class Aircraft Carrier, Small Business Innovation Research

Bank Capital Reforms: Initial Effects of Basel III on Capital, Credit, and International Competitiveness, GAO-15-67: Published: Nov 20, 2014. Publicly Released: Nov 20, 2014. Building Partner Capacity: State and DOD Need to Define Time Frames to Guide and Track Global Security Contingency Fund Projects, GAO-15-75: Published: Nov 20, 2014. Publicly Released: Nov 20, 2014. Climate Change: BetterContinue Reading

Options for Reducing the Deficit: 2015 to 2024

“The Congress faces an array of policy choices as it confronts the prospect of large annual budget deficits and further increases in the already-large government debt that are projected to occur in coming decades under current law. To help inform lawmakers about the budgetary implications of changing federal policies, CBO periodically issues volumes of policyContinue Reading

Lessons From Fair Lending Law For Fair Marketing and Big Data

Lessons From Fair Lending Law For Fair Marketing and Big Data. Peter Swire, Nancy J. & Lawrence P. Huang Professor of Law and Ethics, Georgia Institute of Technology. Senior Fellow, Future of Privacy Forum. September 11, 2014. “This White Paper is submitted in connection with Peter Swire’s participation at the Federal Trade Commission’s September 15, 2014 event onContinue Reading

Revenue Increased in All Service Sectors in 2013, Census Bureau Reports

“Revenue increased in all of the nation’s 11 service sectors for employer firms, according to 2013 Service Annual Survey statistics released today by the U.S. Census Bureau. Within the utilities sector, natural gas distribution showed a revenue increase of 15.7 percent, from $82.2 billion in 2012 to $95.1 billion in 2013.  The Service Annual SurveyContinue Reading

Minutes of the Federal Open Market Committee, October 28-29, 2014

“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2014. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s AnnualContinue Reading

How Many Americans Could Lose Subsidies If the Supreme Court Rules for the Plaintiffs in King vs. Burwell?

Kaiser Family Foundation: “This map based on Foundation analysis of Congressional Budget Office estimates of Marketplace enrollment provides a state-level breakdown of the number of Americans who in 2016 could be denied financial assistance to help pay insurance premiums for plans purchased in the Affordable Care Act’s federally operated insurance exchanges. In a related column in The WallContinue Reading

Multiemployer Plans – A Proposal to Spread the Pain

Multiemployer Plans – A Proposal to Spread the Pain by Alicia H. Munnell, Jean-Pierre Aubry, Wenliang Houand, Anthony Webb, Center for Retirement Research of Boston College. “The brief’s key findings are: A small, but significant, number of multiemployer pension plans face insolvency in the next 20 years – despite actions to reduce benefits and raise contributions. To avoid insolvency, aContinue Reading

New GAO Reports – Consumer Product Safety, Defense Contractors, FOIA, IRAs, Intellectual Property, VA Benefits

CONSUMER PRODUCT SAFETY OVERSIGHT: Opportunities Exist to Strengthen Coordination and Increase Efficiencies and Effectiveness, GAO-15-52: Published: Nov 19, 2014. Publicly Released: Nov 19, 2014. DEFENSE CONTRACTORS: Additional Actions Needed to Facilitate the Use of DOD’s Inventory of Contracted Services, GAO-15-88: Published: Nov 19, 2014. Publicly Released: Nov 19, 2014. FREEDOM OF INFORMATION ACT: DHS Should Take Steps to Improve Cost Reporting andContinue Reading

ACSI: Rising Fees Hurt Bank Customer Satisfaction; Consumers Dissatisfied with Health Insurance Plans

“Customer satisfaction with banks is down as fees reach new heights, according to a report released today by the American Customer Satisfaction Index (ACSI). The decline nearly reverses two years of ACSI improvement for retail banks. Credit unions, however, continue to rank best among financial services with an ACSI score of 85 on a 100-pointContinue Reading