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“The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities has been revealed by an unprecedented leak of millions of documents that show the myriad ways in which the rich can exploit secretive offshore tax regimes. The Guardian, working with global partners, will set out details from the first tranche of …
Via Metrocosm – “Through most of its history, the federal government did not have the power to tax incomes. How was it funded before the income tax? Today’s national debt is big by historical standards, but it has been bigger. When was the country’s deepest debt, and how long did it take to pay back? …
The Role of the Federal Reserve—Lessons from Financial Crises – March 31, 2016 – William C. Dudley, President and Chief Executive Officer – Remarks at the Annual Meeting of the Virginia Association of Economists, Virginia Military Institute, Lexington, Virginia As prepared for delivery: “…The crisis showed that the regulatory community did not fully grasp the …
“Americans are now more positive about the job opportunities available to them than they have been since the economic meltdown, when views of the job market took a nosedive. Today’s more upbeat views rank among some of the best assessments of the job market in Pew Research Center surveys dating back 15 years. In a …
News release: “The Office of the Comptroller of the Currency (OCC) today published its perspective on responsible innovation in the federal banking system and solicited feedback on what more it could do to support innovation that better serves consumers, businesses, and communities. In Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective , …
The Rise and Nature of Alternative Work Arrangements in the United States, 1995-2015. Lawrence F. Katz, Harvard University and NBER and Alan B. Krueger, Princeton University and NBER. M arch 29, 2016 Abstract: “To monitor trends in alternative work arrangements, we conducted a version of the Contingent Worker Survey as part of the RAND American …
“Since 2011, the Federal Reserve Board has conducted a survey of how consumers use their mobile phones to interact with financial institutions, make payments, and manage their personal finances. The Survey of Consumers’ Use of Mobile Financial Services is launched in November of each year, and a corresponding report is released the following March. All …
The causal effect of house prices on mortgage demand and mortgage supply: evidence from Switzerland by Christoph Basten and Catherine Koch. Working Papers No 555, March 2016. “We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous shocks to immigration and thereby to house prices. Detailed micro …
What drives the short-run costs of fiscal consolidation? Evidence from OECD countries by Ryan Niladri Banerjee and Fabrizio Zampolli. Working Papers No 553, March 2016 “In a panel of OECD countries, we investigate the short-term effects of fiscal consolidation on output and employment, and how these vary with the state of the business cycle, monetary …
[March 11, 2016] “the National Archives announced its first opening of Financial Crisis Inquiry Commission (FCIC) records, along with a detailed 1,400-page online finding aid. The records are available via DropBox. These records complement the material previously released by the FCIC online. Newly available FCIC records include: Minutes and notes of commissioner meetings, including internal …
Weinberg, Daniel H., Changes in Neighborhood Inequality, 2000-2010 (March 1, 2016). US Census Bureau Center for Economic Studies Paper No. CES-WP- 16-18. Available for download at SSRN: http://ssrn.com/abstract=2754332 “Recent work has suggested that higher income inequality may be a desirable attribute of a neighborhood in that it represents diversity, even though high (and rising) inequality …
DeSalvo, Bethany and Limehouse, Frank and Klimek, Shawn D., Documenting the Business Register and Related Economic Business Data (March 01, 2016). US Census Bureau Center for Economic Studies Paper No. CES-WP- 16-17. Available at SSRN: http://ssrn.com/abstract=2755723 “The Business Register (BR) is a comprehensive database of business establishments in the United States and provides resources for …
