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IMF Working Paper No. 13/208A. J. Al-Eyd; Pelin Berkmen, October 04, 2013 “The ECB has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets, and safeguard monetary transmission. But euro area financial markets have remained fragmented, driving retail interest rates in stressed markets far above those in the …
IMF Working Paper No. 13/209 by Dominic Quint; Pau Rabanal. October 14, 2013 “In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find …
“Today’s release of the G20 Consumer Price Index (CPI) marks the second release of a G20 aggregate statistic following the first publication of aggregate quarterly G20 GDP estimates on 14 March 2012. The releases on G20 aggregates contribute to the implementation of the G20 Data Gaps Initiative – a set of 20 recommendations on the …
Oxford University – Carl Benedikt Frey and Michael A. Osborne: The Future of Employment: How Susceptible Are Jobs to Computerisation? “We examine how susceptible jobs are to computerisation. To assess this, we begin by implementing a novel methodology to estimate the probability of computerisation for 702 detailed occupations, using a Gaussian process classifier. Based on …
Introductory Remarks – William C. Dudley, President and Chief Executive Officer, Federal Reserve Bank of New York Keynote Remarks: The Problem of Fire Sales, Jeremy Stein, Governor, Federal Reserve Board The Role of Institutional Investors in Propagating the Crisis of 2007-2008, Alberto Manconi, Tilburg University; Massimo Massa, INSEAD; Ayako Yasuda, University of California at Davis …
September 26, 2013, Testimony by Dean Baker [Center for Economic and Policy Research] before the U.S. Senate Committee on Homeland Security & Governmental Affairs: “For the last four decades the Postal Service has been operating with a mandate under which it was expected to compete with private companies. The expectation has been that the Postal Service would …
“The current across-the-board cuts in federal spending have already damaged both national security and the economy, with the negative impact likely to double or triple in the next two years, according to a study released today by the Bipartisan Policy Center (BPC). The analysis was co-chaired by former Senators Pete Domenici, a BPC senior fellow, …
From the start, signs of trouble at health portal: Many deadlines missed – NYT, by Robert Pear, Sharon LaFraniere and Ian Austen: “For the past 12 days, a system costing more than $400 million and billed as a one-stop click-and-go hub for citizens seeking health insurance has thwarted the efforts of millions to simply log …
Rather than savage cuts, Switzerland considers “Star Trek” economics, by Josh Eidelson. “By gathering over 100,000 signatures – which they delivered last Friday along with 8 million 5-cent coins representing the country’s population – activists have secured a vote by Switzerland’s parliament on an audacious proposal: providing a basic monthly income of about $2,800 U.S. dollars to each adult …
Copyright & Creation – A Case for Promoting Inclusive Online Sharing, Bart Cammaerts; Robin Mansell; Bingchun Meng. The London School of Economics and Political Science Department of Media and Communications. “The implementation of the Digital Economy Act (DEA) 2010 is not expected before 2015, a lengthy delay. The September 2013 report of the House of …
Chronicle of Higher Education – Short on Space, Libraries Look to One Another for Solutions, by Jennifer Howard “Christopher B. Loring, the director of the libraries at Smith College, has a problem with his Strategic Air Command bunker—it’s almost full. The bunker, long since retired from military service, now operates as a high-density book-storage facility for Smith and …
Consumer Federation of America: “A coalition of leading consumer groups today sent a letter to Members of Congress calling out the lapses in consumer protection caused by the ongoing government shutdown. The letter highlights how the shutdown has hindered work across a wide array of issues, including airline and auto safety, food and product safety, financial …
