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Category Archives: Economy

Why Do We Throw Away So Much Food in the United States?

“In an e360 video, filmmaker Karim Chrobog looks at the staggering amount of food wasted in the U.S. – a problem with major human and environmental costs. The video focuses on Washington, D.C., which has taken steps to see that food ends up with those who need it rather than in landfills. First in aContinue Reading

Evolving Credit and the U.S. Macroeconomy: 1920-2011

Amir-Ahmadi, Pooyan, Evolving Credit and the U.S. Macroeconomy: 1920-2011 (May 17, 2015). Available for download at SSRN: http://ssrn.com/abstract=2607191 “This paper studies evolving macroeconomic consequences of adverse credit spread shocks for the US economy over the past century. The key objective is to characterize and quantify how the credit transmission mechanism has changed in shaping theContinue Reading

Rethinking Financial Deepening: Stability and Growth in Emerging Markets

IMF – Rethinking Financial Deepening: Stability and Growth in Emerging Markets. May 4, 2015. “The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gainsContinue Reading

Financial Assistance Measures in the Euro Area from 2008 to 2013

European Central Bank – Financial Assistance Measures in the Euro Area from 2008 to 2013: Statistical Framework and Fiscal Impact – April 2015. “This paper summarises the accounting principles and methodology used by statisticians within the European System of Central Banks (ESCB) to assess the impact on the government’s fiscal position of the assistance measuresContinue Reading

New on LLRX – Book Review – “The Age of Cryptocurrency”

Via LLRX.com – Book Review – “The Age of Cryptocurrency”  – Alan Rothman highlights the increasing impact of an online payment system that is immersed in finance and economics around the world – the expanding use of bitcoin and cryptocurrencies. With actionable links to expert professional topical sources on these subjects, Alan’s article will bringContinue Reading

Guardian – How we sold our souls – and more – to the internet giants

Bruce Schneier – Adapted from Data and Goliath by Bruce Schneier, published by Norton Book  – Last year, when my refrigerator broke, the repair man replaced the computer that controls it. I realised that I had been thinking about the refrigerator backwards: it’s not a refrigerator with a computer, it’s a computer that keeps foodContinue Reading

Childlessness Falls, Family Size Grows Among Highly Educated Women

Pew Report – Among the Highly Educated, Declines in Childlessness and Increases in Big Families, May 2015 –  “Among women in the United States, postgraduate education and motherhood are increasingly going hand-in-hand. The share of highly educated women who are remaining childless into their mid-40s has fallen significantly over the past two decades. Today, aboutContinue Reading

Beyond college rankings: A value-added approach to assessing two- and four-year schools

Brookings Metropolitan Policy Program, Jonathan Rothwell and Siddharth Kulkarni: “The choice of college is among the most important investment decisions individuals and families make, yet people know little about how institutions of higher learning compare along important dimensions of quality. This is especially true for colleges granting credentials of two years or less, which graduateContinue Reading

Citizens Against Public Waste Releases 2015 Congressional Pig Book

“[May 13, 2015], Citizens Against Government Waste (CAGW) released its 2015 Congressional Pig Book, the 23rd edition of the group’s exposé on pork-barrel spending.  CAGW President Tom Schatz was joined at the Phoenix Park Hotel in Washington, D.C. by Sens. John McCain (R-Ariz.), Pat Toomey (R-Pa.), Jeff Flake (R-Ariz.), and Joni Ernst (R-Iowa), and Rep.Continue Reading

Special IG Afghanistan – Security Forces Not Meeting Goals

Travis J. Tritten – Stars and Stripes: “U.S. post-war efforts to rebuild Afghanistan could collapse in a defeat similar to the fall of Saigon in 1975, the federal auditor overseeing reconstruction said Wednesday. The country’s future — and the $62 billion American investment — is threatened by the military’s chronically poor intelligence on Afghan securityContinue Reading

Financial Innovation: The Origins of the Tri-Party Repo Market

Financial Innovation: The Origins of the Tri-Party Repo Market, Antoine Martin and Susan McLaughlin First in a two-part series. “The conventional wisdom about financial innovation is that it is typically undertaken as a way to increase profits. However, financial innovation can also occur as a response to the need to reduce risk. Tri-party repo isContinue Reading

New Reports from Office of Financial Research

The Influence of Systemic Importance Indicators on Banks’ Credit Default Swap Spreads by Jill Cetina and Bert Loudis. “This paper examines credit default swap (CDS) spreads in a sample of international banks for evidence of a benefit related to possible measures of systemic importance. The authors find a consistent, statistically significant negative relationship between five-yearContinue Reading