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“GrowthPolicy.org pulls together recent research by Harvard faculty about economic growth. Our goal is to disseminate Harvard research to a broad audience in order to inform debate about the role of policy in achieving stability in our financial systems and shared, sustainable economic prosperity. GrowthPolicy.org is a project of: The Mossavar-Rahmani Center for Business & …
Fifth Annual Update on the Retirement Preparedness of the Boomer Generation April 2015 – Insured Retirement Institute “Boomer Expectations for Retirement 2015 – Each year the Insured Retirement Institute (IRI) conducts a survey to measure the retirement preparedness of the Boomer generation. This report, the fifth in the series, summarizes the results of the 2015 …
By David Leonhardt and Kevin Quealy: “The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises …
Summary of Commentary on Current Economic Conditions by Federal Reserve District: “Reports from the twelve Federal Reserve Districts indicate that the economy continued to expand across most regions from mid-February through the end of March. Activity in the Richmond, Chicago, Minneapolis, Dallas, and San Francisco Districts grew at a moderate pace, while New York, Philadelphia, …
Student Loan Delinquency: A Big Problem Getting Worse? by Juan M. Sánchez and Lijin Zhu in Economic Synopses, 2015, No. 7. St. Louis Fed. “A delinquency rate of 15 percent for all student loan borrowers implies a delinquency rate of 27.3 percent for borrowers with loans in repayment. Over the past decade, the percent of …
IMF – Uneven Growth: Short- and Long-Term Factors – April 2015 “Global growth remains moderate, with uneven prospects across the main countries and regions. It is projected to be 3.5 percent in 2015, in line with forecasts in the January 2015 World Economic Outlook (WEO) Update. Relative to last year, the outlook for advanced economies …
College-Educated Workers Now Produce More Than Half of the Nation’s Annual Economic Value, According to New Georgetown University study: “The findings contradict the fear that good manufacturing jobs of the past are being replaced with low – paid, dead-end service jobs (Washington, D.C., April 13, 2015) – College-educated workers make up only 32 percent of …
IBM Software Thought Leadership White Paper. Financial malware explained – Explore the lifecycle of fraudulent transactions and how to take action against emerging threats. December 2014. “Financial malware—that is, malicious software designed to enable fraudulent transactions—is a growing concern for line-of- business executives, heads of retail and commercial banking, readers of global compliance operations, and …
Federal Reserve Bank of New York Staff Papers – Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission. April 2015 Number 724. Dong Beom Choi, Thomas M. Eisenbach, and Tanju Yorulmazer. “We build a general equilibrium model with financial frictions that impede the effectiveness of monetary policy in stimulating output. Agents with heterogeneous productivity can increase …
Federal Reserve Bank of New York /staff Reports – Nonlinearity and Flight to Safety in the Risk-Return Trade-Off for Stocks and Bonds. April 2015. Number 723. Tobias Adrian, Richard Crump, and Erik Vogt. “We document a highly significant, strongly nonlinear dependence of stock and bond returns on past equity-market volatility as measured by the VIX. We propose a …
Elaine Maag – Urban Institute, April 09, 2015 “The Earned Income Tax Credit (EITC) provides substantial assistance to low-income working families with children. The credit encourages work for many, though may reduce work or wages for some. Counted in the poverty measure, the EITC would have been credited with lifting 6.5 million people out of …
Presentation by Mr Claudio Borio, Head of Monetary and Economic Department of the BIS, at the INET conference “New Economic Thinking: Liberté, Égalité, Fragilité”, Paris, 9 April 2015. “This essay argues that the Achilles heel of the international monetary and financial system is that it amplifies the “excess financial elasticity” of domestic policy regimes, ie …
