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Category Archives: Financial System

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

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

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

Bipartisan Budget Act of 2015

Bipartisan Budget Act of 2015, H. Rept. 114-315, October 28, 2015.

2012 Economic Census Geographic Area Series

“The 2012 Economic Census concludes the Geographic Area Series for the information sector. This series includes statistics for publishing industries, broadcasting (except Internet) and telecommunications. The files provide statistics on the number of establishments, receipts, payroll, number of employees and other data items by industry. The Geographic Area Series provides these data at a U.S.Continue Reading

New Calculator for Employers Tallies the Full Cost of Employee Turnover

Center for Economic and Policy Research: “”Employee turnover costs businesses millions of dollars each year.  However, many employers don’t accurately track this expense, which could be reduced by improving workplace conditions.  To help business owners understand the cost of turnover, the Center for Law and Social Policy (CLASP) and Center for Economic and Policy ResearchContinue Reading

Tale of Two Retirements: one for CEOs of large U.S. corporations and the other for the rest of us

Center for Effective Government: “Retirement benefits for CEOs at corporations have exploded while the rest of Americans struggle to save for retirement. Just look at this statistic: the 100 largest CEO retirement funds are worth a combined $4.9 billion. That’s equal to the entire retirement account savings of 41 percent of American families! This risingContinue Reading

Managing the Impacts of Climate Change on Poverty

Hallegatte, Stephane, Mook Bangalore, Laura Bonzanigo, Marianne Fay, Tamaro Kane, Ulf Narloch, Julie Rozenberg, David Treguer, and Adrien Vogt-Schilb. 2016. Shock Waves: Managing the Impacts of Climate Change on Poverty. Climate Change and Development Series. Washington, DC: World Bank. doi:10.1596/978-1-4648-0673-5. License: Creative Commons Attribution CC BY 3.0 IGO. “Ending poverty and addressing climate change areContinue Reading

Does Foreign Tax Arbitrage Promote Innovation? Evidence from Subsidiary-Level Data

Albertus, James F, Does Foreign Tax Arbitrage Promote Innovation? Evidence from Subsidiary-Level Data (November 15, 2015). Available for download at SSRN: “In this paper, I examine innovation in the context of an unexpected policy shock that facilitated tax arbitrage by U.S. multinational firms. I find that after the shock, U.S. multinationals shifted more ofContinue Reading

GAO Reports – End-Stage Renal Disease, Financial Audit of CFPB, FHFA, SEC, GAO Performance, DOD Small Business Subcontracting

End-Stage Renal Disease: Medicare Payment Refinements Could Promote Increased Use of Home Dialysis, GAO-16-125: Published: Oct 15, 2015. Publicly Released: Nov 16, 2015. Financial Audit: Bureau of Consumer Financial Protection’s Fiscal Years 2015 and 2014 Financial Statements, GAO-16-96R: Published: Nov 16, 2015. Publicly Released: Nov 16, 2015. Financial Audit: Federal Housing Finance Agency’s Fiscal YearsContinue Reading

New on LLRX – The True Measure of Bitcoin’s Success

Via – The True Measure of Bitcoin’s Success – This commentary by financial analyst Ryan Davis supports the position that the price of Bitcoin should not be the primary measure of the state of Bitcoin, nor should any one metric be the primary measure of the state of Bitcoin. The true measure of the stateContinue Reading

New on LLRX – Bitcoin Derivatives – Independent Study Report

Via Bitcoin Derivatives – Independent Study Report – Financial analyst Ryan Davis describes the landscape of exchanges based in and outside of the U.S. that have begun to offer trading in bitcoin derivatives. TeraExchange completed the first bitcoin derivative trade on a regulated exchange in the U.S. on October 8, 2014 with its BitcoinContinue Reading