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Olivier Armantier, Giorgio Topa, Wilbert van der Klaauw, and Basit Zafar: “In the previous two blog postings in this series, we described the goals, structure, and content of the new FRBNY Survey of Consumer Expectations (SCE) and presented some findings regarding inflation expectations. In this third posting, we focus on the labor market component of …
“Despite the significance of the Great Recession’s impact on the economy, little research exists on how schools were affected. A new report from the Federal Reserve Bank of New York attempts to fill this information gap by investigating the effect of the downturn and federal stimulus on New Jersey schools. In Precarious Slopes? The Great Recession, …
“This fifth edition of OECD Regions at a Glance shows how regions and cities contribute to national growth and the well-being of societies.It updates its regular set of region-by-region indicators, examining a wide range of policies and trends and identifying those regions that are outperforming or lagging behind in their country. The report covers all …
Taiwan: Major U.S. Arms Sales Since 1990. Shirley A. Kan, Specialist in Asian Security Affairs, November 27, 2013 This report, updated as warranted, discusses U.S. security assistance to Taiwan, or Republic of China (ROC), including policy issues for Congress and legislation. Congress has oversight of the Taiwan Relations Act (TRA), P.L. 96-8, which has governed arms sales to Taiwan …
“Student Debt and the Class of 2012 is our eighth annual report on the cumulative student loan debt of recent graduates from four-year colleges. Our analysis finds that the debt levels of students who graduate with loans continue to rise, with considerable variation among states as well as among colleges. Seven in 10 college seniors who …
Beige Book – December 4, 2013: “Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest to moderate pace from early October through mid-November. Activity in the New York, Cleveland, Richmond, Atlanta, St. Louis, Minneapolis, and Dallas Districts grew at a moderate pace, while Philadelphia, Chicago, Kansas City, and …
CBO: “The increase in the nation’s economic activity in 2010 affected households’ income, federal tax liabilities, and federal tax rates. In this report, CBO presents its estimates of the distribution of household income and federal taxes in 2010, and it compares those estimates with estimates for the preceding three decades. The report also discusses the …
Employment-Based Retirement Plan Participation: Geographic Differences and Trends, 2012. November 2013, EBRI Issue Brief #392. Employee Benefit Research Institute, 2013 Executive Summary “Retirement plan participation varies widely by type and characteristics of both workers and employers. In 2012, 39.4 percent of all workers (or 61.6 million Americans) participated in an employment-based retirement plan, compared with 39.7 percent and 61.0 million …
“The Federal Reserve Bank of New York today launched a new research data center: the Center for Microeconomic Data. The “CMD” unifies the collection and analysis of microeconomic data at the New York Fed. It will also act as a catalyst for microeconomic research by fostering collaboration among the Bank’s microeconomists and promoting engagement with the …
“The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, and the Federal Reserve Board on Tuesday announced a final rule amending the definitions of “funds transfer” and “transmittal of funds” under regulations implementing the Bank Secrecy Act. The final rule adopts the amendments as proposed in November 2012. The amendments …
CFPB: “To understand the wide range of information sources consumers could be exposed to in making financial decisions, we commissioned a study of the size and scope of the financial information field. The results give an overall indication of the relative amounts spent in the U.S. on financial education and on the marketing of certain …
News release: ‘”Recent SWIFT data shows that RMB (Chinese Yuan) usage in traditional trade finance – Letters of Credit and Collections – grew from an activity share of 1.89% in January 2012 to 8.66% in October 2013, propelling the RMB to the second most used currency in this market. It ranks behind the USD, which …
