Category «Economy»

The Economic Consequences of Investor Relations: A Global Perspective

Karolyi, George Andrew and Liao, Rose C., The Economic Consequences of Investor Relations: A Global Perspective (April 6, 2015). Available for download at SSRN: http://ssrn.com/abstract=2591079 “We offer new evidence on the economic value of investor relations (IR) activity using the results of a 2012 global survey of IR officers and their activities at over 800 …

Subjects: Economy, Financial System

The FR 2420 Data Collection: A New Base for the Fed Funds Rate

Marco Cipriani and Jonathan Cohn – “On April 1, 2014, the Federal Reserve began collecting transaction-level data on federal funds, Eurodollars, and certificates of deposits from a large set of domestic banks and agencies of foreign banks operating in the United States. Previously, the Fed had only received fed funds and Eurodollar data from major …

Subjects: Economy, Financial System, Government Documents

Minutes of the Federal Open Market Committee, March 17-18, 2015

FOMC Minutes – Summary of Economic Projections “In conjunction with the Federal Open Market Committee (FOMC) meeting held on March 17-18, 2015, meeting participants submitted their projections of the most likely outcomes for real output growth, the unemployment rate, inflation, and the federal  likely to affect economic outcomes. The longer-run projections represent each participant’s assessment …

Subjects: Economy, Financial System, Government Documents

Congress and the Federal Reserve: Independence and accountability

Congress and the Federal Reserve: Independence and accountability. Sarah Binder, George Washington University, Brookings Institution; Mark Spindel, Potomac River Capital, LLC. Forthcoming in Jenkins, Jeffrey and Eric Patashnik, Eds. Congress and Policy Making in the 21st Century (Cambridge University Press). Draft February 2015. “The recent global financial crisis reveals limits of central bank independence. In …

Subjects: Congress, Economy, Financial System

Terrorism Risk Insurance Program

Insurance Information Institute – Terrorism Risk Insurance Program – Renewed and Restructured – April 2015. “Since its initial enactment in 2002 the terrorism risk insurance program has been revised and extended three times. The most recent extension—the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA)—ensures its continuation until December 31, 2020. On January 8, …

Subjects: Congress, Economy, Legal Research, Legislation

Are BHC and Federal Reserve Stress Test Results Converging? What Do We Learn from 2015?

Federal Reserve Bank of New York – Liberty Street Economics – Beverly Hirtle, Anna Kovner, and Eric McKay: “In March, the Federal Reserve and thirty-one large U.S. bank holding companies (BHCs) announced results of the latest Dodd-Frank Act-mandated stress tests. Some commentators have argued that BHCs, in designing their stress test models, have strong incentives …

Subjects: Economy, Financial System, Government Documents, Legislation

New GAO Reports – Coast Guard, Combating Nuclear Smuggling, Federal Reserve Banks’ Information Systems Controls

Coast Guard: Timely Actions Needed to Address Risks in Using Rotational Crews, GAO-15-195: Published: Mar 6, 2015. Publicly Released: Apr 6, 2015. Combating Nuclear Smuggling: DHS Research and Development on Radiation Detection Technology Could Be Strengthened, GAO-15-263: Published: Mar 6, 2015. Publicly Released: Apr 6, 2015. Management Report: Areas for Improvement in the Federal Reserve …

Subjects: Defense, Economy, Financial System, Government Documents

EU Material deprivation statistics – early results

“Eurostat disseminates early results for severe material deprivation rates so that trends in poverty levels can be tracked more closely. 2014 data are available for over half the European Union (EU) Member States, and Iceland. The coverage and the timeliness is expected to increase in the coming years. Latvia and Hungary have provided final data …

Subjects: Economy, Financial System, Government Documents, Poverty

The Implementation of State Sponsored Retirement Plans

Carlin, Bruce I. and Davies, Shaun William, The Implementation of State Sponsored Retirement Plans (April 3, 2015). Available for download at SSRN: http://ssrn.com/abstract=2589701 “State sponsored retirement plans have been proposed and implemented to provide people with new access to defined contribution retirement opportunities. Many of these people have no other options and typically have low …

Subjects: Economy, Financial System

Financial Analysis of United States Postal Service

Financial Analysis of United States Postal Service Financial Results and 10 – K Statement Fiscal Year 2014, April 1, 2015 – “In FY 2014, the Postal Service recorded its eighth consecutive financial loss, bringing the total net deficit since FY 2007 to $51.7 billion. This growing net deficit has negatively affected liquidity, depleted available borrowing …

Subjects: E-Commerce, Economy, Government Documents, Health Care, Internet