Category «Economy»

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 to …

Subjects: Economy, Financial System, Government Documents, Internet, Knowledge Management

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. Some …

Subjects: Economy, Financial System

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: http://ssrn.com/abstract=2577760 “Since the outset of the 2008 financial crisis, policymakers realized the need to implement a new regime for …

Subjects: Economy, Financial System

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 focus …

Subjects: Economy, Financial System, Government Documents

Pay for Performance and Compensation Inequality: Evidence from the ECEC

Has performance pay contributed to the rise of inequality in the United States? – Maury B. Gittleman “The tremendous amount of attention paid to Thomas Piketty’s book Capital in the Twenty-First Century, as well as the French economist’s more academic writings, have helped raise awareness of rising economic inequality in the United States. Maury Gittleman …

Subjects: Economy, Financial System, Government Documents

CRS – The Debt Limit Since 2011

The Debt Limit Since 2011, D. Andrew Austin, Analyst in Economic Policy. March 9, 2015. “The Constitution grants Congress the power to borrow money on the credit of the United States—one part of its power of the purse—and thus mandates that Congress exercise control over federal debt. Control of debt policy has at times provided …

Subjects: Congress, Economy, Government Documents, Legislation

Census Bureau Releases New Median Earnings by Detailed Occupations

“In honor of Women’s History Month, the U.S. Census Bureau released today a new table showing median earnings by detailed occupation from the 2013 American Community Survey. The table includes ratios indicating the percentage of women in an occupation, as well as the male-to-female earnings ratio in the occupation for full-time, year round workers in …

Subjects: Economy, Government Documents

New GAO Reports – Criminal History Records, Geospatial Data, Improper Payments, Military Base Realignments and Closures, Operational Contract Support, Recovery Act

Criminal History Records: Additional Actions Could Enhance the Completeness of Records Used For Employment-Related Background Checks, GAO-15-162: Published: Feb 12, 2015. Publicly Released: Mar 16, 2015. Geospatial Data: Progress Needed on Identifying Expenditures, Building and Utilizing a Data Infrastructure, and Reducing Duplicative Efforts, GAO-15-193: Published: Feb 12, 2015. Publicly Released: Mar 16, 2015. Homeland Security …

Subjects: Congress, Courts, Defense, Economy

Income growth and decline under recent U.S. presidents and the new challenge to restore broad economic prosperity

“In this new study, economist Robert Shapiro, chairman of Sonecon, LLC, and a faculty member of Georgetown University’s McDonough School of Business, analyzes new Census Bureau data to track the household incomes of Americans by age cohort, following their income paths as they age. Using this approach, Shapiro shows that income progress was broad and robust …

Subjects: Economy, Education, Financial System, Government Documents

Economic Indicators

“Available from April 1995 forward, this monthly publication is prepared by the Council of Economic Advisers for the Joint Economic Committee. It provides economic information on gross domestic product, income, employment, production, business activity, prices, money, credit, security markets, Federal finance, and international statistics. Economic Indicators back to 1948 are made available through FRASER, the …

Subjects: Economy, Financial System, Government Documents

High-Frequency Measures of Information Risk

Brennan, Michael J. and Huh, Sahn-Wook and Subrahmanyam, Avanidhar, High-Frequency Measures of Information Risk (March 12, 2015). Available for download at SSRN: http://ssrn.com/abstract=2578168 “We estimate each day for each stock the conditional probabilities of informed trading on good and bad news in the spirit of Easley et al. (1996), and provide new evidence that these …

Subjects: Economy, Financial System

Greatest Threat to the Power Grid: Our Own Government

“Today, the Institute for Energy Research released a new study titled Assessing Emerging Policy Threats to the U.S. Power Grid as a continuation of the Story of Electricity initiative. The report finds that the greatest threats to our power grid are not physical or cyber attacks, but rather existing and upcoming Federal and State policies including subsidies, mandates, …

Subjects: Economy, Energy, Financial System

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