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Managing price and financial stability objectives – what can we learn from the Asia-Pacific region? by Soyoung Kim and Aaron Mehrotra. BIS Working Papers No 533. December 2015. “The international financial crisis led many central banks to adopt explicit financial stability objectives. This raises the question of how central banks deal with policy trade-offs resulting from potential …
Posted by Jon Eisenberg, K&L Gates LLP, December 26, 2015 – Harvard Law School Forum on Corporate Governance and Financial Regulation: “In its 2015 Financial Report, the SEC repeated its view that one of the two principal purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934 is to ensure that …
SIPRI news release, December 15, 2015: “Sales of arms and military services by the largest arms-producing companies—the SIPRI Top 100—totalled $401 billion in 2014 according to new international arms industry data launched today by the Stockholm International Peace Research Institute (SIPRI). Download the Fact Sheet, The SIPRI Top 100 arms-producing and military services companies, 2014 …
Elyssa Kirkham October 5, 2015 – “Having a savings fund is one of the keys to financial health. Yet trying to save is a struggle, especially because the biggest money challenge for Americans is sticking to a budget — a central skill to ensure enough money is left over each month to save. To gauge …
Susanna Pilny – “While the Great Recession is over, many of its aftereffects are still being felt—especially in China, where a shift in agricultural practices driven by the economic crisis may have devastating results, according to a new study that spanned 10 years. In the early 2000s, the Chinese government decided to invest in chemical …
Quarterly Survey of Public Pensions: Third Quarter 2015, December 23, 2015. Release Number: CB15-TPS.11 – “The survey provides national summary data on the revenues, expenditures and composition of assets of the largest defined benefit public employee pension systems for state and local governments. This report produces three tables: Tables 1 and 3 include data on …
Via ReCode – “Macquarie estimates that Amazon accounts for half of all sales growth in U.S. e-commerce, meaning online retailers not named Amazon are battling for around 50 cents of every new $1 spent online. As if that weren’t enough, Amazon also accounts for about a quarter of every new $1 of growth in all …
Rockefeller Institute of Government – SUNY – 2015 Was a Good Year for State Revenue Forecasters, But the Road Ahead Is Uncertain, Donald Boyd and Lucy Dadayan, December 2015. “States must forecast revenue accurately to avoid disruption to their budgets. It is a difficult job — uncertainty about the economy, financial markets, and taxpayer behavior …
Bloomberg – “Twenty-seven percent of education loans held by people age 65-74 were in default in 2013, meaning they hadn’t made a payment in 270 days or more. More than half of education loans held by people 75 and older were in default. And the government can garnish wages or suspend tax refunds for anyone …
Joshua Baron, Angela O’Mahony, David Manheim, Cynthia Dion-Schwarz: “This report examines the feasibility for non-state actors, including terrorist and insurgent groups, to increase their political and/or economic power by deploying a virtual currency (VC) for use in regular economic transactions. A VC, such as Bitcoin, is a digital representation of value that can be transferred, …
OECD December 11, 2015: “This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch). Analysis based on micro and industry-level data highlights the importance …
CBO – Social Security Policy Options 2015 – “Social Security, which marked its 80th anniversary in 2015, is the largest single program in the federal government’s budget. The program has two parts: Old-Age and Survivors Insurance (OASI), which pays benefits to retired workers, to their dependents and survivors, and to some survivors of deceased workers; …
