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Liberty Street Economics – Mary Amiti and Tyler Bodine-Smith – “The recent strengthening of the U.S. dollar has raised concerns about its impact on U.S. GDP growth. The U.S. dollar has appreciated around 12 percent since mid-2014, rising against almost all of our trading partners, with the largest gains against Japan, Mexico, Canada, and the euro area. There was …
Washington Post: “Among all the things that distinguish American cities from one another — their architecture, their demographics, their history and their terrain — their economies vary widely, too. Washington is, of course, a city of government work. Charlotte is a banking hub, Manhattan a financial center, Boston an education mecca. Metropolitan Cleveland remains relatively industrial, while Las Vegas runs …
GovExec: “The Office of Personnel Management determines exactly how much each federal employee will get in retirement benefits when the time comes to leave federal service. But that process can take a long time. Currently fewer than 70 percent of new retirement claims received by OPM are processed in less than 60 days. And once …
CBO -“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased …
Monetary Policy Report submitted to the Congress on July 15, 2015, pursuant to section 2B of the Federal Reserve Act “The overall condition of the labor market continued to strengthen over the first half of 2015, albeit at a more moderate pace than in 2014. So far this year, payroll employment has increased by about …
Summary of Commentary on Current Economic Conditions by Federal Reserve District Prepared at the Federal Reserve Bank of Atlanta and based on information collected before July 3, 2015. “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials. All …
IMF Country Report No. 15/186 – July 14, 2015 “Greece’s public debt has become highly unsustainable. This is due to the easing of policies during the last year, with the recent deterioration in the domestic macroeconomic and financial environment because of the closure of the banking system adding significantly to the adverse dynamics. The financing …
July 14, 2015 – “The Federal Reserve Bank of New York today released results from its June 2015 SCE Credit Access Survey, which provides information on consumers’ experiences and expectations regarding credit demand and credit access. The release shows an increase in application rates for credit over the last twelve months, and a significant decline …
“Overview of the July 2015 Snapshot Real consumption expenditures are showing signs of a pickup from the weakness during the first quarter. Business equipment spending continued to be sluggish compared to its pace in the second and third quarters of 2014 There recent has been moderate improvement in housing market conditions June payroll growth was …
“Staff from the U.S. Department of Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission today issued a joint report analyzing the significant volatility in the U.S. Treasury market on October 15, 2014. Using …
“At present, the Office of the Chief Actuary, at the Social Security Administration, does not reveal in full how its forecasts are made and, as a result, no other person, party, or organization, in or out of government, has been able to make fully independent quantitative evaluations of policy proposals about Social Security. Even the …
Bank for International Settlements Working Papers No 503 July 2015 – by Anders Vredin “Experience from financial crises and central bank policies in the past decade has led to an intensified debate about the relationship between monetary policy and financial stability. Since there is no established theoretical framework for analysing the links between financial stability …
