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Gallup – One in 10 Americans say they currently have or are being treated for depression, by Alyssa Brown and Kyley McGeeney WASHINGTON, D.C. — “For Americans, being unemployed, being out of the workforce, or working part time — but wanting full-time work — are the strongest predictor of having depression. Unemployed adults and those …
Calo, M. Ryan, Digital Market Manipulation (August 15, 2013). University of Washington School of Law Research Paper No. 2013-27. Available at SSRN “Jon Hanson and Douglas Kysar coined the term “market manipulation” in 1999 to describe how companies exploit the cognitive limitations of consumers. Everything costs $9.99 because consumers see the price as closer to …
The EU Law on Auditing and the Role of Auditors in the Global Financial Crisis, Hatice Kubra Kandemir, Durham University – Durham Law School, January 2013. International Journal of Disclosure and Governance, Vol. 10, pp. 213-233, 2013 “In September 2011, the EU Commissioner Michael Bernier explained that “there are weakness in the way the audit …
The Driving Force behind the Boom and Bust in Construction in Europe, Yan Sun; Pritha Mitra; Alejandro Simone. August 21, 2013 “Summary: This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (including …
Assessing the Impact and Phasing of Multi-year Fiscal Adjustment: A General Framework, James Roaf. August 21, 2013 “Summary: This paper provides a general framework to assess the output and debt dynamics of an economy undertaking multi-year fiscal adjustment. The framework allows country-specific assumptions about the magnitude and persistence of fiscal multipliers, hysteresis effects, and endogenous …
Capital Flows are Fickle: Anytime, Anywhere – John C Bluedorn; Rupa Duttagupta; Jaime Guajardo; Petia Topalova. August 22, 2013 “Summary: Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gross and net capital flows since 1980 for a sample of nearly 150 …
“Richard Yamarone, who puts out the daily Bloomberg Economic Brief, has gathered ALL of the past Jackson Hole papers, and provided them in one location. (All papers sourced via Kansas City Federal Reserve). Conference topics through the years with links to conference papers (click for download)” [via Marcus P. Zillman via 35 Years of Jackson …
Measuring bank competition in China: a comparison of new versus conventional approaches applied to loan markets, by Bing Xu, Adrian Van Rixtel and Michiel van Leuvensteijn. Working Papers No 422. August 2013. Bank for International Settlement. “Since the 1980s, important and progressive reforms have profoundly reshaped the structure of the Chinese banking system. Many empirical …
“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 30-31, 2013. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s …
“Today, the Consumer Financial Protection Bureau (CFPB) issued a report detailing mortgage servicing problems at banks and nonbanks. The report also found that many nonbanks lack robust systems for ensuring they are following federal laws. “Our examinations of banks and nonbanks allow us to correct problems before more consumers are affected,” said CFPB Director Richard …
“This [Joint Forum] report on Mortgage insurance: market structure, underwriting cycle and policy implications examines the interaction of mortgage insurers with mortgage originators and underwriters. It makes the following set of recommendations directed at policymakers and supervisors which aim at reducing the likelihood of mortgage insurance stress and failure in such tail events: Policymakers should …
U.S. Postal Service: Proposed Health Plan Could Improve Financial Condition, but Impact on Medicare and Other Issues Should Be Weighed before Approval, GAO-13-658, Jul 18, 2013 “The U.S. Postal Service (USPS) would likely realize large financial gains from its proposed health care plan, primarily by increasing retirees’ use of Medicare. Specifically, USPS estimates that its …
