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Category Archives: Economy

“This data provides a window into how people are interacting with the government online. The data comes from a unified Google Analytics account for U.S. federal government agencies known as the Digital Analytics Program. This program helps government agencies understand how people find, access, and use government services online. The program does not track individuals,Continue Reading

BIS Quarterly Review, March 2015

BIS Quarterly Review March 2015 International banking and financial market developments [268 pages, PDF] – Table of Contents follows: A wave of further easing – Largely unexpected, a wave of monetary policy easing over the past few months has taken centre stage in global financial markets. Amid plunging oil prices and rising foreign exchange tensions,Continue Reading

New GAO Reports – DOE Facilities, Financial Company Bankruptcies, Geospatial Data, IRS Info Security, Military Personnel

DOE Facilities: Better Prioritization and Life Cycle Cost Analysis Would Improve Disposition Planning, GAO-15-272: Published: Mar 19, 2015. Publicly Released: Mar 19, 2015. Financial Company Bankruptcies: Information on Legislative Proposals and International Coordination, GAO-15-299: Published: Mar 19, 2015. Publicly Released: Mar 19, 2015. Geospatial Data: Progress Needed on Identifying Expenditures, Building and Utilizing a DataContinue Reading

Federal Reserve Board and Federal Open Market Committee release economic projections from the March 17-18 FOMC meeting

Release Date: March 18, 2015 – “Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. HouseholdContinue Reading

Geographical Mobility: 2013 to 2014

“About 1 in 9 People Changed Residences Between 2013 and 2014 – For the past several years, the mover rate has remained between 11.5 and 12.5 percent, according to new 2014 statistics released today from the U.S. Census Bureau. The mover rate between 2013 and 2014 was 11.5 percent or 35.7 million people age 1Continue Reading

New GAO Reports – Crop Insurance, Security Clearances

Crop Insurance: Reducing Subsidies for Highest Income Participants Could Save Federal Dollars with Minimal Effect on the Program, GAO-15-356: Published: Mar 18, 2015. Publicly Released: Mar 18, 2015: “The federally subsidized crop insurance program helps about 1 million participants manage the risk inherent in farming. In recent years, the government’s costs for the crop insuranceContinue Reading

OECD Economic Outlook and Interim Global Economic Assessment

“Low oil prices and monetary easing are boosting growth in the world’s major economies, but  the near-term pace of expansion remains modest, with abnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment. Strong domestic demand is driving growth in the United States, which, combined withContinue Reading

BLS – Local Area Unemployment Statistics

Unemployment rates by state, seasonally adjusted, January 2015 – browse data via drop down menus.

Federal Reserve Board announces proposal requiring banking organizations to include existing Legal Entity Identifiers on certain regulatory reporting forms

“The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory reporting forms. The LEI is a unique reference code to enable easier identification of a firm’s legal entities. During the financial crisis, regulators and the public were often unable toContinue Reading

The Effects of Potential Cuts in SNAP Spending on Households With Different Amounts of Income

CBO – “The Supplemental Nutrition Assistance Program (SNAP, formerly known as Food Stamps) provides benefits to low-income households to help them buy food. Total federal expenditures on SNAP amounted to $76 billion in fiscal year 2014. In an average month that year, 47 million people (or one in seven U.S. residents) received SNAP benefits. SomeContinue Reading

Recovery Planning: A New Valuable Corporate Governance Framework for Credit Institutions

Amorello, Luca and Huber, Sacha, Recovery Planning: A New Valuable Corporate Governance Framework for Credit Institutions (March 9, 2015). Law and Economics Yearly Review, Vol. 3, Part 2, 2014 (pp. 296-317). Available for download at SSRN: “Since the outset of the 2008 financial crisis, policymakers realized the need to implement a new regime forContinue Reading

Financial crisis, US unconventional monetary policy and international spillovers

Financial crisis, US unconventional monetary policy and international spillovers by Qianying Chen, Andrew Filardo, Dong He and Feng Zhu. Bank for International Settlements Working Paper No 494. March 2015. “We study the impact of US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error correction model (GVECM). We focusContinue Reading