Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
A Frequency-Domain Alternative to Long-Horizon Regressions with Application to Return Predictability, Natalia Sizova – Rice University, July 24, 2013 “This paper aims at improved accuracy in testing for long-run predictability in noisy series, such as stock market returns. Long-horizon regressions have previously been the dominant approach in this area. We suggest an alternative method that …
“The St. Louis Fed’s FRED database now has more than 140,000 economic time series available, due to the addition of the OECD’s Main Economic Indicators. Just today, 58,000 economic time series were added to FRED from the OECD’s rich database. You can check out all the data here. The additional data allow users to make …
“The federal bank regulatory agencies today issued a statement encouraging financial institutions to work constructively with private student loan borrowers experiencing financial difficulties. Prudent workout arrangements are consistent with safe and sound lending practices and are generally in the long-term best interest of both the financial institution and the borrower. Student loan borrowers who are …
CBO letter to Rep. Chris Van Hollen, July 25, 2013: “As you requested, the Congressional Budget Office (CBO) analyzed a proposal under which the automatic spending reductions in effect for 2013 would be canceled at the beginning of August and none of the reductions scheduled for 2014 would be implemented; for 2013, mandatory payments made after early …
“Projections of income earned by individuals and businesses are an integral part of the Congressional Budget Office’s (CBO’s) regular 10-year projections of the economy and a key component of its projections of federal revenues and outlays. CBO projects all the major income measures that are presented in the Commerce Department’s national income and product accounts …
“The U.S. Census Bureau reports that total revenue for state and local governments reached an all-time high of $3.4 trillion in 2011, up 8.4 percent from 2010, according to new statistics released today. Individual income tax revenue increased 9.5 percent to $284.9 billion, while corporate income tax revenue increased 10.7 percent to $48.5 billion. Overall, …
“Americans are less upbeat about the economy now than they were in May and June. Gallup’s U.S. Economic Confidence Index held steady at -12 last week, but the current score is substantially lower than the five-year weekly high of -3 reached in late May and early June. Americans’ confidence in the economy has recovered from …
“The OECD Employment Outlook 2013 looks at labour markets in the wake of the crisis. It also includes chapters on employment protection legislation; benefit systems, employment and training programmes and re-employment earnings and skills after job loss.”
“The national study by Sallie Mae, How America Pays for College 2013, conducted by Ipsos, is a compelling look at how today’s families view higher education, manage higher education costs, and tap a variety of funding sources. This year’s study finds that families are adjusting to a new post-recession reality to pay for college. Higher scholarships …
The Funding of State and Local Pensions: 2012-2016 by Alicia H. Munnell, Jean-Pierre Aubry, Josh Hurwitz and Madeline Medenica SLP#32. Boston College, Center for Retirement Research “The brief’s key findings are: During 2012, using current GASB standards, the funded status of public plans declined slightly from 75 percent to 73 percent. This decline reflected slow asset growth, which was only partly mitigated by reduced liability …
“…the New York Fed released a set of interactive maps and charts illuminating school finances in New York and New Jersey. These user-friendly graphics illustrate the progression of various school finance indicators over time. They also make clear the large variability in finances across districts and states. The interactive maps and charts are an exciting way to …
The 2013 Update of EPI’s Family Budget Calculator By Elise Gould, Hilary Wething, Natalie Sabadish, and Nicholas Finio | July 3, 2013 “The income level necessary for families to secure an adequate but modest living standard is an important economic yardstick. While poverty thresholds, generally set at the national level, help to evaluate what it takes for families to live free …
