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[snipped from the full text] “Staff Review of the Financial Situation – Over the intermeeting period, amid trading that was volatile at times, longer-term sovereign yields in the United States and other advanced economies declined. These moves were attributed in part to a deterioration in market sentiment associated with downward pressure on inflation, increased concern …
The (Questionable) Legality of High-Speed “Pinging” and “Front Running” in the Futures Markets, by Gregory Scopino. Connecticut Law Review Volume 47 – Issue. February 2015. “Institutional investors complain that high-frequency trading (HFT) firms engage in high-speed “pinging” and “front running” of their orders for trades. By sending out lightning fast “ping” orders for trades that …
February 12, 2015 – “For nearly four decades, the Congressional Budget Office has prepared economic forecasts that underlie the agency’s projections for the federal budget and cost estimates for proposed federal legislation. In particular, forecasts of output, inflation, interest rates, and income play a significant role in the agency’s budgetary analysis; for example, projections of …
NY Fed news release: “In its Q4 2014 Household Debt and Credit Report, the Federal Reserve Bank of New York announced that outstanding household debt increased $117 billion from the third quarter. The one percent increase puts total household indebtedness at $11.83 trillion as of December 31, 2014. Total debt has gone up $326 billion …
IMF Working Paper WP/15/29 – Till Cordes; Tidiane Kinda; Priscilla S. Muthoora; Anke Weber. February 12, 2015. “This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes …
“The Eleventh Annual W. J. Usery Distinguished Lecture on the American Workplace, was held on Wednesday, October 8, 2014, at the Andrew Young School of Policy Studies. Robert Moffitt, the Krieger-Eisenhower Professor of Economics, Johns Hopkins University [presented] “The Deserving Poor, the Family, and the U.S. Welfare System.” Professor Moffitt’s research focuses on applied microeconometrics …
Shachmurove, Yochanan and Kowalski, Tadeusz, Why Institutions Matter? The Recent Experience of the United States and the European Union (February 11, 2015). Available for download at SSRN: http://ssrn.com/abstract=2563820 “This paper assesses the reactions of the United States and the twelve economies of the European Monetary Union (EMU) to the financial crisis of 2008-2009. The rapidly …
Monetary Policy and the Federal Reserve: Current Policy and Conditions. Marc Labonte, Specialist in Macroeconomic Policy. February 9, 2015. “The Federal Reserve (the Fed) defines monetary policy as its actions to influence the availability and cost of money and credit. Because the expectations of market participants play an important role in determining prices and economic …
The Washington Center for Equitable Growth – report by Robert Lynch: “This study addresses a key challenge confronting the United States—how to promote both widely shared and faster economic growth. It does so by analyzing and describing the effects of raising educational achievement, especially for those not at the top of the economic ladder.The results of …
African Growth and Opportunity Act: Eligibility Process and Economic Development in Sub-Saharan Africa, GAO-15-300: Published: Feb 12, 2015. Publicly Released: Feb 12, 2015. Environmental Satellites: Improvements Needed in NOAA’s Mitigation Strategies as It Prepares for Potential Satellite Coverage Gaps, GAO-15-386T: Published: Feb 12, 2015. Publicly Released: Feb 12, 2015. Financial Audit: Federal Deposit Insurance Corporation …
Fratzscher, Marcel and Rieth, Malte, Monetary Policy, Bank Bailouts and the Sovereign-Bank Risk Nexus in the Euro Area (February 2015). DIW Berlin Discussion Paper No. 1448. Available for download at SSRN: http://ssrn.com/abstract=2563000 “The paper analyses the empirical relationship between bank risk and sovereign credit risk in the euro area. Using structural VAR with daily financial …
“Overall economic activity often is measured as the market value of the economy’s total output of goods and services—the nation’s gross domestic product (GDP). For many reasons, GDP rises in some periods and falls in others, but those fluctuations occur around a rising path that is determined by growth in three particular factors in the …
