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February 27, 2015 William C. Dudley, President and Chief Executive Officer. Remarks at the 2015 U.S. Monetary Policy Forum, New York City. Remarks [snipped] “It is a great pleasure to have the opportunity to comment on this year’s Monetary Policy Forum paper, “The Equilibrium Real Federal Funds Rate, Past, Present and Future.” Let me preface …
Via the Census – “National-level data for manufacturing industry groups and industries at the three-, four-, five- and six-digit North American Industry Classification System (NAICS) levels. Provides statistics on employment, payroll, supplemental labor costs, cost of materials consumed, operating expenses, value of shipments, value added by manufacturing, fuels and electric energy used, and inventories. Also provides statistics …
Federal Reserve Bank of New York Staff Report – How Mortgage Finance Affects the Urban Landscape. February 2015. Number 713. Sewin Chan, Andrew Haughwout, and Joseph Tracy. “This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership, the nature of the housing stock, and the organization of residential activity. …
“FATF’s report on the financing of the Financing of the Terrorist Organisation Islamic State in Iraq and the Levant (ISIL) analyses how this terrorist organisation generates and uses its funding. This knowledge is crucial in order to determine how FATF and the international community can choke off ISIL funding.. This knowledge is crucial in order to …
“The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) continue to closely monitor the implementation of the Principles for financial market infrastructures (PFMI). The principles within the PFMI (the Principles) set expectations for the design and operation of key financial market infrastructures to enhance their safety and efficiency …
Public quantitative disclosure standards for central counterparties: “To help ensure that the risks of using central counterparties (CCPs) are properly understood, CCPs need to make relevant information publicly available, as stated in the CPSS-IOSCO Principles for financial market infrastructures, published in April 2012. The CPSS and IOSCO published a Disclosure framework in December 2012 to …
Financial Audit: U.S. Government’s Fiscal Years 2014 and 2013 Consolidated Financial Statements, GAO-15-341R: Published: Feb 26, 2015. Publicly Released: Feb 26, 2015. “To operate as effectively and efficiently as possible and to make difficult decisions to address the federal government’s fiscal challenges, Congress, the administration, and federal managers must have ready access to reliable and …
Defense Logistics: Improvements Needed to Accurately Assess the Performance of DOD’s Materiel Distribution Pipeline, GAO-15-226: Published: Feb 26, 2015. Publicly Released: Feb 26, 2015. Defense Major Automated Information Systems: Cost and Schedule Commitments Need to Be Established Earlier, GAO-15-282: Published: Feb 26, 2015. Publicly Released: Feb 26, 2015. Department of Homeland Security: Progress Made, but …
Migration Policy Institute: “The substantial role that subnational authorities in EU Member States play in the governance of migrant integration is widely recognized. Regional and local authorities in Member States have control over the implementation and delivery of a wide array of integration-related services. However, while much is known about integration at the subnational level …
FDIC news release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $36.9 billion in the fourth quarter of 2014, down $2.9 billion (7.3 percent) from earnings of $39.8 billion that the industry reported a year earlier. The decline in earnings was mainly attributable to a …
de Paula, Aureo and Hong, Harrison G. and Singh, Vishal, Hoard Behavior During Commodity Bubbles (February 2015). CEPR Discussion Paper No. DP10441. Available for download at SSRN: http://ssrn.com/abstract=2569270 “Hoarding by large speculators is often blamed for contributing to commodity market panics and bubbles. Using supermarket scanner data on US household purchases during the 2008 Rice …
Eijffinger, Sylvester C. W. and Mahieu, Ronald and Raes, Louis, Hawks and Doves at the FOMC (February 2015). CEPR Discussion Paper No. DP10442. Available for download at SSRN: http://ssrn.com/abstract=2569271 “In this paper we estimate ideal points of Bank Presidents and Board Governors at the FOMC. We use stated preferences from FOMC transcipts and estimate a …
