Category «Economy»

Financial Market Misconduct and Agency Conflicts

Cumming, Douglas J. and Dannhauser, Bob and Johan, Sofia, Financial Market Misconduct and Agency Conflicts: A Synthesis and Future Directions (July 17, 2015). Journal of Corporate Finance, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2632506 “This paper reviews recent research on the causes and consequence of different forms of financial market misconduct and potential agency conflicts …

Subjects: Economy, Financial System, Legal Research

Wide Variation Found In Hospital Facility Costs For Maternity Stays Involving Low-Risk Childbirth

“Childbirth is the leading cause of hospital admission in the United States, yet there has been little research on variation in hospital costs associated with childbirth. Using data from the 2011 Nationwide Inpatient Sample, we characterized the variation in estimated facility costs of hospitalizations for low-risk childbirth across US hospitals. We found that the average …

Subjects: Economy, Health Care

Monetary Policy, Hot Housing Markets and Leverage

Ungerer, Christoph, Monetary Policy, Hot Housing Markets and Leverage (May 22, 2015). FEDS Working Paper No. 2015-048. Available for download at SSRN: http://ssrn.com/abstract=2628295 “Expansionary monetary policy can increase household leverage by stimulating housing liquidity. Low mortgage rates encourage buyers to enter the housing market, raising the speed at which properties can be sold. Because lenders …

Subjects: Economy, Financial System, Government Documents, Housing

Living Standards, Poverty and Inequality in the UK: 2015

UK Institute for Fiscal Studies – Living Standards, Poverty and Inequality in the UK: 2015. Chris Belfield, Jonathan Cribb, Andrew Hood, Robert Joyce.July 2015. “Average incomes are edging up slowly after falling sharply after the Great Recession. Income inequality has fallen back to levels last seen one or two decades ago. Relative poverty is lower …

Subjects: Economy, Education, Government Documents, Housing, Poverty

NY Fed – The Effect of the Strong Dollar on U.S. Growth

Liberty Street Economics – Mary Amiti and Tyler Bodine-Smith – “The recent strengthening of the U.S. dollar has raised concerns about its impact on U.S. GDP growth. The U.S. dollar has appreciated around 12 percent since mid-2014, rising against almost all of our trading partners, with the largest gains against Japan, Mexico, Canada, and the euro area. There was …

Subjects: Economy, Financial System, Government Documents

New visualization maps almost all jobs in America

Washington Post: “Among all the things that distinguish American cities from one another — their architecture, their demographics, their history and their terrain — their economies vary widely, too. Washington is, of course, a city of government work. Charlotte is a banking hub, Manhattan a financial center, Boston an education mecca. Metropolitan Cleveland remains relatively industrial, while Las Vegas runs …

Subjects: Economy, Financial System, Government Documents

GAO Reports – DOD Business Systems Modernization, Insider Threats, Patient Protection, Senate Public Records, Space Launch System

DOD Business Systems Modernization: Additional Action Needed to Achieve Intended Outcomes, GAO-15-627: Published: Jul 16, 2015. Publicly Released: Jul 16, 2015. Insider Threats: DOD Should Improve Information Sharing and Oversight to Protect U.S. Installations, GAO-15-543: Published: Jul 16, 2015. Publicly Released: Jul 16, 2015. Patient Protection and Affordable Care Act: Observations on 18 Undercover Tests …

Subjects: Congress, Cybercrime, Cybersecurity, Defense, Economy, Government Documents, Health Care, Legislation, Transportation

2015 Long-Term Budget Outlook

CBO -“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased …

Subjects: Congress, Economy, Financial System, Government Documents

Federal Reserve Beige Book – July 15 2015

Summary of Commentary on Current Economic Conditions by Federal Reserve District Prepared at the Federal Reserve Bank of Atlanta and based on information collected before July 3, 2015. “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials. All …

Subjects: Economy, Financial System, Government Documents