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CBO Report – “A variety of laws and executive orders require federal agencies to improve the energy efficiency of their facilities and to pursue a range of other energy-related goals. Because the availability of annual appropriations is limited, the Administration encourages federal agencies to use other types of financing—such as energy savings performance contracts (ESPCs)—to …
“The Federal Reserve Bank of New York today released results from its January 2015 Survey of Consumer Expectations (SCE), which provides insight into Americans’ views on inflation, prices, the labor market and household finance. Median consumer inflation expectations were largely unchanged at both the one-year and the three-year ahead horizons at 2.9 percent and 3.0 …
Governor Jerome H. Powell At the Catholic University of America, Columbus School of Law, Washington, D.C. February 9, 2015 – “Audit the Fed” and Other Proposals: “It has been a little more than six years since the fall of 2008, when the peak of a severe financial crisis presented the very real threat of a …
“The Internal Revenue Service announced [February 5, 2015] the launch of a new, online public directory of tax return preparers. This searchable directory on IRS.gov will help taxpayers find a tax professional with credentials and select qualifications to help them prepare their tax returns. “This new directory will be a practical tool for the millions …
Krimminger, Michael, Shadows and Mirrors: The Role of Debt in the Developing Resolution Strategies in the U.S., U.K., and European Union (December 30, 2014). Available for download at SSRN: http://ssrn.com/abstract=2560982 “In response to the 2008-10 financial crisis, international standard setters and national authorities have sought to create a more resilient financial system while fashioning statutory …
WSJ, By Andrew Van Dam and Renee Lightner – Jobs Come, Jobs Go: National Unemployment – Track the national unemployment rate month by month since 1948, the earliest year with official data, seasonally adjusted.
A Macro View of Shadow Banking: Levered Betas and Wholesale Funding in the Context of Secular Stagnation, Zoltan Pozsar [Draft as of 1/31/2015] “The literature to date on shadow banking has focused on the wholesale funding and private money creation aspects of shadow banking. This paper draws attention to those aspects of shadow banking that …
CRS Report – Poverty in the United States: 2013. Thomas Gabe, Specialist in Social Policy, January 29, 2015. “In 2013, 45.3 million people were counted as poor in the United States under the official poverty measure—a number statistically unchanged from the 46.5 million people estimated as poor in 2012. The poverty rate, or percent of …
Who Regulates Whom and How? An Overview of U.S. Financial Regulatory Policy for Banking and Securities Markets. Edward V. Murphy, Specialist in Financial Economics. January 30, 2015. “Financial regulatory policies are of interest to Congress because firms, consumers, and governments fund many of their activities through banks and securities markets. Furthermore, financial instability can damage …
CRS – Bitcoin: Questions, Answers, and Analysis of Legal Issues. Craig K. Elwell, Specialist in Macroeconomic Policy; Maureen Murphy, Legislative Attorney; Michael V. Seitzinger, Legislative Attorney, January 28, 2015 “Bitcoin first appeared in January 2009, the creation of a computer programmer using the pseudonym Satoshi Nakamoto. His invention is an open-source (its controlling computer code …
The US Treasury’s Credit Rating Agency Exercise – First Steps Out of the Private-Label Securities Desert. Laurie Goodman, Jim Parrott. Feburary 5, 2015. “As part of an effort to revive the moribund private-label securities (PLS) market, the US Treasury Department recently conducted an exercise with the major credit rating agencies. This exercise was intended to boost …
Fiaschi, Davide and Giuliani, Elisa and Nieri, Federica, BRIC Companies Seeking Legitimacy Through Corporate Social Responsibility (February 2, 2015). Available for download at SSRN: http://ssrn.com/abstract=2559110 “BRIC countries have generally gone through a process of liberalization and rapid economic growth that has allowed their major companies to acquire increasing weight in the global marketplace. However, they …
