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Category Archives: Economy

Change in Household Spending After Retirement

November 2015 
EBRI Issue Brief #420 
Paperback, 20 pp. 

Employee Benefit Research Institute, 2015; Download Issue Brief PDF “Executive Summary •    This study shows how household spending changed in the immediate years following retirement by analyzing the spending patterns of a fixed group of households up to six years after their retirement. •    The dataContinue Reading

The Uncertainty of Long-Term Budget Projections

Presentation by Ben Page, CBO’s Fiscal Policy Studies Unit Chief, at the National Tax Association 108th Annual Conference on Taxation, November 20, 2015. “CBO’s long-term budget projections generally reflect current law and estimates of future economic conditions and demographic trends. Those projections depend on estimates of the future paths of mortality rates, productivity, interest rates,Continue Reading

A search-based model of the interbank money market and monetary policy implementation

A search-based model of the interbank money market and monetary policy implementation by Morten Linneman Bech and Cyril Monnet. Working Papers No 529. November 2015. Bank for International Settlements. “We present a search-based model of the interbank money market and monetary policy implementation. Banks are subject to reserve requirements and the central bank tenders reserves.Continue Reading

New and Improved Charts and Data on Auto Loans

NY Fed – A Closer Look at Auto Loans: “Today, the New York Fed announced that household debt increased by a robust $212 billion in the third quarter of 2015. Both mortgage and auto loan originations increased, as auto originations reached a ten-year high and new mortgage lending appears to have finally recovered from theContinue Reading

Financial Literacy Skills for the 21st Century

Annamaria Lusardi – Colston Warne Lecture | September 2015 “Foreward: I am delighted to be asked to give the Colston Warne Lecture at the American Council on Consumer Interests annual conference. What I want to cover in this lecture [see the article and the powerpoint] is what I consider to be one of the mostContinue Reading

PWC 2015 US CEO Survey

“For the first time in five years in PwC’s Annual Global CEO Survey, more business leaders rate the US as their most important market for overseas growth ahead of all others, including China’s. As the US recovery gains traction, it is gaining more adherents. Challenges remain, yet key measures of US economic health are improving.Continue Reading

Pew – Searching for Work in the Digital Era

Aaron Smith: “The internet is an essential employment resource for many of today’s job seekers, according to a new survey by Pew Research Center. A majority of U.S. adults (54%) have gone online to look for job information, 45% have applied for a job online, and job-seeking Americans are just as likely to have turnedContinue Reading

Analysis reveals info on 1.1 Billion NYC Taxi and Uber Trips

Todd W. Schneider – An open-source exploration of the city’s neighborhoods, nightlife, airport traffic, and more, through the lens of publicly available taxi and Uber data – “The New York City Taxi & Limousine Commission has released a staggeringly detailed historical dataset covering over 1.1 billion individual taxi trips in the city from January 2009Continue Reading

IMF Global Financial Stability Report

“The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. The Report draws out the financialContinue Reading

State Report Card on Transparency of Physician Quality Information

“For a third year in a row most states receive a failing grade for providing information to consumers on the quality of physician care. While national attention has been placed on price transparency, a commensurate spotlight has not been shone on quality transparency. Even in states that have fully implemented all-payer claims databases, the useContinue Reading

World Migration Report 2015: Migrants and Cities

World Migration Report 2015: Migrants and Cities: “We live in a world which is becoming increasingly urban. Over 54 per cent of people across the globe were living in urban areas in 2014. The current urban population of 3.9 billion is expected to grow to some 6.4 billion by 2050. Migration is driving much ofContinue Reading

Minutes of the Federal Open Market Committee, October 27-28, 2015

FOMC Minutes, October 27-28, 2015 – [snipped] “Equilibrium Real Interest Rates – The staff presented several briefings regarding the concept of an equilibrium real interest rate–sometimes labeled the “neutral” or “natural” real interest rate, or “r*”–that can serve as a benchmark to help gauge the stance of monetary policy. Various concepts of r* were discussed.Continue Reading