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Deposit Rate Advantages at the Largest Banks, Stefan Jacewitz – Federal Deposit Insurance Corporation; Jonathan Pogach – Federal Deposit Insurance Corporation, May 31, 2013 “We estimate differences in funding costs between the largest banks and the rest of the industry. Using deposit rates offered at the branch level, we eliminate many non-risk related differences between banks. We document significant and …
“On October 5, 2012, the Federal Reserve Bank of New York and the Rockefeller Institute of Government co-hosted the conference Distressed Residential Real Estate: Dimensions, Impacts, and Remedies. This post not only makes available a compendium of the findings of the conference, but also updates and extends some of the analysis presented. In particular, we look across states …
The Policy Elasticity, Nathaniel Hendren, Harvard University, June 2013 “This paper provides a generic framework for evaluating the welfare impact of government policy changes towards taxes, transfers, and publicly provided goods. The results show that the behavioral response required for welfare measurement is the causal impact of each agent’s response to the policy on the government’s budget. A …
State-Specific Healthy Life Expectancy at Age 65 Years — United States, 2007–2009, Morbidity and Mortality Weekly Report (MMWR). July 19, 2013 / 62(28);561-566 “In this report, difference in Health Life Expectancies (HLE) were reported at the state level for adults aged 65 years based on self-reported health in the 2007–2009 Behavioral Risk Factor Surveillance System survey, National Vital …
Toward a sustainable energy future for all: directions for the World Bank Groups energy sector “As global energy markets evolve rapidly, producing and maintaining a reliable power supply for many countries in the developing world remains a significant issue. The World Bank Group will approach this energy crisis in partnership with the United Nations Sustainable …
Decisions, Decisions: Choices That Affect Retirement Income Adequacy – EBRI’s 72nd Policy Forum – Nevin E. Adams – Employee Benefit Research Institute (EBRI), July 2013 EBRI Notes, Vol. 34, No. 7 (July 2013) “On May 9, 2013, the Employee Benefit Research Institute (EBRI) convened its 72nd biannual policy forum in Washington, DC, where a wide …
Fair Game – Trying to Pierce a Wall Street Fog, By Gretchen Morgenson “Back in 2009, the Justice Department said it was investigating the large Wall Street banks for possible collusion in the huge and opaque credit default swaps market. The question was whether the big financial institutions had worked to keep transactions in these …
The Economic Value of a Law Degree. Michael Simkovic,Seton Hall Law School; Harvard Law School, John M. Olin Center for Law and Economics; Frank McIntyre, Rutgers Business School Newark and New Brunswick. April 13, 2013. A powerpoint presentation version of this article is available. “Legal academics and journalists have marshaled statistics purporting to show that enrolling …
Capital is Back:Wealth-Income Ratios in Rich Countries 1700-2010, Thomas Piketty, Paris School of Economics; Gabriel Zucman, Paris School of Economics, July 4, 2013. “How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970-2010 national balance sheets recently compiled in the top eight developed economies. For the U.S., U.K., Germany, and France, we are able …
Stress Tests to Promote Financial Stability: Assessing Progress and Looking to the Future – Rick Bookstaber, Jill Cetina, Greg Feldberg, Mark Flood, Paul Glasserman, July 18, 2018 “Stress testing, which has its roots in risk management, should be adapted to support financial stability monitoring and to incorporate the interconnections and dynamics of the financial system. Since the …
Personal. Portable. Participatory. Pervasive. The Digital Landscape in 2013 and its Impact on Communities by Lee Rainie July 18, 2013 at Community Foundations, brought together by the John S. and James L. Knight Foundation. “Pew Internet Director Lee Rainie discussed the new media ecosystem with leaders of community foundations from Western states and several other …
Shadow Banking – Zoltan Pozsar, Tobias Adrian, Adam Ashcraft, and Hayley Boesky, July 18, 2013 “The rapid growth of the market-based financial system since the mid-1980s has changed the nature of financial intermediation. Within the system, “shadow banks” have served a critical role, especially in the run-up to the recent financial crisis. Shadow banks are financial intermediaries that …
