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Category Archives: Economy

BIS Working Papers – how monetary policy affects bank profitability; bond issuance by European banks; role of international reserves

Bank for International Settlements Working papers, October 1, 2015: •    The influence of monetary policy on bank profitability: “This paper investigates how monetary policy affects bank profitability. We use data for 109 large international banks headquartered in 14 major advanced economies for the period 1995-2012. Overall, we find a positive relationship between the level ofContinue Reading

The Most Dangerous Cities in America

“Over 400 violent crimes per 100,000 residents were reported in the United States in 2010. The rate has fallen every year since to a four-year low of 366 violent crimes per 100,000 residents in 2014. Though the decline in violent crime nationwide has made the country safer, a number of American cities are still especiallyContinue Reading

GAO Reports – Tax Gap, Ford Class Aircraft Carrier, Hospital Value-Based Purchasing, Spent Nuclear Fuel, Tricare Pharmacy Pilot

Fiscal Outlook: Addressing Improper Payments and the Tax Gap Would Improve the Government’s Fiscal Position, GAO-16-92T: Published: Oct 1, 2015. Publicly Released: Oct 1, 2015. Ford Class Aircraft Carrier: Poor Outcomes Are the Predictable Consequences of the Prevalent Acquisition Culture, GAO-16-84T: Published: Oct 1, 2015. Publicly Released: Oct 1, 2015. Hospital Value-Based Purchasing: Initial ResultsContinue Reading

Texas Passes California as Top State in Volume of Wholesale Trade Sales

“Texas supplanted California between 2007 and 2012 as the state with the largest volume of sales for the wholesale trade sector, according to the U.S. Census Bureau’s most recent economic census. California was the top state in 2007, with $925.3 billion in sales, but its increase was only 4.7 percent to $969.2 billion in 2012.Continue Reading

Your American Dream is Not Mine! A New Approach to Estimating Intergenerational Mobility Elasticities

An, Yonghong and Le, Wang and Xiao, Ruli, Your American Dream is Not Mine! A New Approach to Estimating Intergenerational Mobility Elasticities (August 1, 2015). Available for download at SSRN: “This paper provides a new framework to estimate intergenerational mobility elasticities (IGE) of children’s income with respect to parental income. Our approach is nonparametricContinue Reading

GAO Reports – DOD Contract Services, Great Lakes Restoration, Managing for Results, Medicare, Pension Advance Transactions

DOD Contract Services: Improvements Made to Planning and Implementation of Fiscal Controls, GAO-15-780: Published: Sep 30, 2015. Publicly Released: Sep 30, 2015. Great Lakes Restoration Initiative: Some Information on Projects and Progress Made Available to Congress and the Public, GAO-15-841T: Published: Sep 30, 2015. Publicly Released: Sep 30, 2015. Managing for Results: Implementation of GPRAContinue Reading

Child Nutrition Programs: Spending and Policy Options

CBO Report – September 25, 2015 – Child Nutrition Programs: Spending and Policy Options “Several federal programs support children’s nutritional needs. In 2014, the federal government spent about $20 billion to reimburse schools, child care centers, and after-school programs for children’s meals. Those programs benefit mainly school-age children from low-income households. Other nutrition programs provideContinue Reading

HHS launches resources system to improve disaster preparedness

News release: “Health and emergency preparedness professionals now have access to the nation’s first and most comprehensive system of resources designed specifically to help communities better prepare for and manage the health impacts of disasters. Sponsored by the U.S. Department of Health and Human Services’ Office of the Assistant Secretary for Preparedness and Response (ASPR),Continue Reading

Federal Transit Administration Issues Proposed Rule for Transit Agencies to Achieve State of Good Repair, Improve Safety

“The U.S. Department of Transportation’s Federal Transit Administration (FTA) today issued a proposed rule that would require public transportation agencies to monitor and manage their capital assets to achieve and maintain a state of good repair.  Identifying and prioritizing maintenance and repair needs of transit vehicles and infrastructure could lower costs, increase reliability and performance,Continue Reading

Report – Corporate America is not on a path to gender equality

“Women in the Workplace is a comprehensive study of the state of women in corporate America. The study is part of a long-term partnership between LeanIn.Org and McKinsey & Company to encourage female leadership and foster gender equality in the workplace. One hundred eighteen companies and nearly 30,000 employees participated in this 2015 study, buildingContinue Reading

Modern Immigration Wave Brings 59 Million to U.S.

“Fifty years after passage of the landmark law that rewrote U.S. immigration policy, nearly 59 million immigrants have arrived in the United States, pushing the country’s foreign-born share to a near record 14%. For the past half-century, these modern-era immigrants and their descendants have accounted for just over half the nation’s population growth and haveContinue Reading

Infographic: Job Creation in the United States

“A collection of three graphs utilizing data from Business Dynamics Statistics, which provides annual statistics on establishments, firm startups and job creation and job loss. This infographic describes important trends observed in the Business Dynamics Statistics data released last week, which includes statistics through 2013. The graphs address startups’ contribution to the total number of jobs overContinue Reading