Category «Economy»

Confidence Bands for Impulse Responses: Bonferroni versus Wald

Luetkepohl, Helmut and Staszewska-Bystrova, Anna and Winker, Peter, Confidence Bands for Impulse Responses: Bonferroni versus Wald (February 20, 2014). CESifo Working Paper Series No. 4634. Available at SSRN: http://ssrn.com/abstract=2404896 “In impulse response analysis estimation uncertainty is typically displayed by constructing bands around estimated impulse response functions. These bands may be based on frequentist or Bayesian …

Subjects: Economy

Agencies Issue Final Dodd-Frank Act Stress Test Guidance for Medium-Sized Firms

“Three federal bank regulatory agencies are issuing final guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion. These medium-sized companies are required to conduct annual, company-run stress tests under rules issued by the agencies in October 2012 to implement a provision in the Dodd-Frank …

Subjects: Economy, Financial System, Government Documents, Legislation

The American Freshman: National Norms Fall 2013

Eagan, K., Lozano, J. B., Hurtado, S., & Case, M. H. (2013). The American freshman: National norms. Fall 2013. Los Angeles: Higher Education Research Institute, UCLA. “Financial considerations are exerting an ever-greater influence on incoming freshman in the U.S., with college costs and financial aid playing an increasingly decisive role in their school-selection process, according …

Subjects: Economy, Education, Financial System

Report – Traffic Congestion Is Growing Three Times As Fast As U.S. Economy

Richard Read – The Car Connection – “When it comes to predicting and tracking traffic trends, INRIX is the go-to authority. The company says that traffic congestion surged in 2013, growing over three times as fast as the U.S. economy. According to INRIX, traffic in the U.S. reversed two consecutive years of declines with a six …

Subjects: Economy, Environmental Law, Transportation

Results of the Basel III monitoring exercise as of 30 June 2013

“This report presents the results of the Basel Committee’s Basel III monitoring exercise. The study is based on the rigorous reporting processes set up by the Committee to periodically review the implications of the Basel III standards for financial markets. The results of previous exercises in this series were published in September 2013, March 2013, September 2012 and April 2012. A total of 227 …

Subjects: Economy, Financial System, Government Documents

Federal Reserve Board Beige Book – March 5, 2014

Summary of Commentary on Current Economic Conditions by Federal Reserve District “Reports from most of the twelve Federal Reserve Districts indicated that economic conditions continued to expand from January to early February. Eight Districts reported improved levels of activity, but in most cases the increases were characterized as modest to moderate. New York and Philadelphia …

Subjects: Economy, Financial System, Government Documents

Global liquidity: where it stands, and why it matters

Global liquidity: where it stands, and why it matters. IMFS Distinguished Lecture by Mr Jaime Caruana, General Manager of the Bank for International Settlements, at the Goethe University, Frankfurt, Germany, 5 March 2014. “These remarks apply the concepts of global liquidity and the financial cycle to analyse developments in the global financial system in the past decade …

Subjects: Economy, Financial System

Restoring confidence in banks

Restoring confidence in banks. Keynote address by Mr Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, to the 15th Annual Convention of the Global Association of Risk Professionals, New York, 4 March 2014. “The financial crisis, which began seven years ago, was in essence a collapse in confidence. It stress-tested …

Subjects: Economy, Financial System

Report – vast hidden surveillance network runs across America, powered by the repo industry

Follow up to previous postings on license plate collection programs – see Shawn Musgrave’s article [editor of MuckRock via BetaBoston]: “Today, a legislative committee in Boston is scheduled to hold a hearing on a bill that would ban most uses of license plate readers, including the vehicle repossession business, making exceptions only for law enforcement, toll …

Subjects: Civil Liberties, Economy, Financial System, Freedom of Information, Government Documents, Legal Research, Patriot Act, Privacy

New GAO Reports – Expendable Launch Space Vehicle, International Food Aid, Retirement Security, Veterans, Workforce Investment Act

EVOLVED EXPENDABLE LAUNCH VEHICLE: Introducing Competition into National Security Space Launch Acquisitions, GAO-14-259T: Published: Mar 5, 2014. Publicly Released: Mar 5, 2014. FISCAL YEAR 2015 BUDGET REQUEST: U.S. Government Accountability Office, GAO-14-403T: Published: Mar 5, 2014. Publicly Released: Mar 5, 2014. INTERNATIONAL FOOD AID: Prepositioning Speeds Delivery of Emergency Aid, but Additional Monitoring of Time Frames and Costs Is Needed, GAO-14-277: Published: Mar 5, …

Subjects: Economy, Education, Financial System, Government Documents

McKinsey – Open data: Unlocking innovation and performance with liquid information

“Open data—machine-readable information, particularly government data, that’s made available to others—has generated a great deal of excitement around the world for its potential to empower citizens, change how government works, and improve the delivery of public services. It may also generate significant economic value, according to a new McKinsey report. Our research suggests that seven sectors …

Subjects: E-Commerce, Economy, Education, Internet, Knowledge Management