Shadow Banking: Economics and Policy. Stijn Claessens, Zoltan Pozsar, Lev Ratnovski, and Manmohan Singh, December 4, 2012 “Shadow banking is often seen as a form of regulatory arbitrage. It surely has such aspects, and they played a significant role in the run-up to global financial crisis. But beyond that, shadow banking also provides important financial… Continue Reading
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Author Archives: Sabrina I. Pacifici
Operationalising the selection and application of macroprudential instruments
Operationalising the selection and application of macroprudential instruments, CGFS Publications No 48, December 2012 This report – prepared by a Working Group chaired by José-Manuel González-Páramo, formerly European Central Bank – aims to help policymakers in operationalising macroprudential policies. Specifically, it draws out three high-level criteria that are key in determining the selection and application… Continue Reading
The U.S. Income Distribution and Mobility: Trends and International Comparisons
CRS – The U.S. Income Distribution and Mobility: Trends and International Comparisons. Linda Levine, Specialist in Labor Economics, November 29, 2012 The historically slow rebound in the labor market from the 2007-2009 recession appears to be partly responsible for the current focus of some within the public policy community on the unequal distribution of the… Continue Reading
New Handbook: Implementing EITI for Greater Impact
“The key to leverage extractive resources to attain beneficial development outcomes is to increase accountability and transparency as well as improve governance in the sector. A new publication, Implementing EITI for Impact: A Handbook for Policymakers and Stakeholders, analyzes the importance of implementing the Extractive Industries Transparency Initiative (EITI)to domestic economies, governance structures, and local… Continue Reading
Global Carbon Budget 2012
The Global Carbon Budget 2012. The Global Carbon Projects most recent analysis by scientists from the United States, Norway, Australia, France and the United Kingdom published in the current issue of the journal Nature Climate Change shows that a global economy fueled with coal, oil and natural gas is putting increasing pressure on the global… Continue Reading
The ECB and the Interbank Market
Giannone, Domenico, Lenza, Michele, Pill, Huw and Reichlin, Lucrezia, The ECB and the Interbank Market (November 20, 2012). ECB Working Paper No. 1496. Available at SSRN “We analyse the impact on the euro area economy of the European Central Bank’s (ECB) non-standard monetary policy measures by studying the effect of the expansion of intermediation of… Continue Reading
New GAO Reports: James Webb Space Telescope, DHS Strategic Workforce Planning, Federal Government's Long-Term Fiscal Outlook
James Webb Space Telescope – Actions Needed to Improve Cost Estimate and Oversight of Test and Integration, GAO-13-4, Dec 3, 2012 DHS Strategic Workforce Planning – Oversight of Departmentwide Efforts Should Be Strengthened, GAO-13-65, Dec 3, 2012 The Federal Government’s Long-Term Fiscal Outlook, Fall 2012 Update, GAO-13-148SP, Dec 3, 2012 Continue Reading
Research, response for future oil spills: Lessons learned from Deepwater Horizon
NOAA – “A special collection of articles about the Deepwater Horizon oil spill provides the first comprehensive analysis and synthesis of the science used in the unprecedented response effort by the government, academia, and industry. Papers present a behind-the-scenes look at the extensive scientific and engineering effort teams, data, information, and advice from within… Continue Reading
EIA – Natural Gas Monthly
“The November Natural Gas Monthly, featuring data for September 2012, has been released. While monthly dry production for September decreased slightly to 1,973 billion cubic feet (Bcf), the daily rate of 65.8 Bcf per day represented a 0.5 Bcf/day increase over August. Continuing a trend over the past several months, total consumption of 1,790 Bcf… Continue Reading
Look up medications more quickly and easily on Google
Official Google Search Blog: “We get a lot of queries for medicine on Google. So to make it quick and easy for you to learn about medications, well start showing key facts — side effects, related medications, links to in-depth resources, and more — right on the search results page. This data comes from the… Continue Reading
Are Japanese Households Financially Healthy, and If so, Why? A Group of Seven (G7) Comparison
Horioka, Charles Yuji, Are Japanese Households Financially Healthy, and If so, Why? A Group of Seven (G7) Comparison (November 27, 2012). The Japanese Economy, Vol. 39, No. 4, 2012; ISER Discussion Paper No. 859. Available at SSRN “In this paper, I conduct an international comparison of the financial health of households using data on household… Continue Reading
NY Fed – Housing Market Recovery in the Region
“Housing Market Recovery in the Region – Where and to what extent are the housing markets of New York, New Jersey and Connecticut achieving a recovery? The following interactive visuals provide evidence of local conditions. For the U. S., home prices have increased on a year-over-year basis for most of 2012. As indicators of a… Continue Reading
