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“On July 30, 2014, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase additional agency mortgage-backed securities (MBS) at a pace of about $10 billion per month and longer-term Treasury securities at a pace of about $15 billion per month, …
Marlene Amstad, Simon M Potter and Robert Rich – Working Papers No 453, July 2014 “Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real-time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper presents the “Federal Reserve Bank of …
“A new online data tool shows statistics for the finances of state and local governments, such as revenue, expenditures and debt, aggregated to the state level for fiscal years 2004 to 2011. These statistics are also available via the DataFerrett tool.”
BUDGET ISSUES: Opportunities to Reduce Federal Fiscal Exposures Through Greater Resilience to Climate Change and Extreme Weather, GAO-14-504T: Published: Jul 29, 2014. Publicly Released: Jul 29, 2014. COMBATING NUCLEAR SMUGGLING: Past Work and Preliminary Observations on Research and Development at the Domestic Nuclear Detection Office, GAO-14-783T: Published: Jul 29, 2014. Publicly Released: Jul 29, 2014. FEDERAL REAL PROPERTY: Better Guidance and …
“To date, fiscal year (FY) 2014 has been an active year for the IRS. In addition to accepting the National Taxpayer Advocate’s proposal to adopt a Taxpayer Bill of Rights (TBOR), the IRS ran a generally successful filing season (although taxpayer services were sub-optimal largely due to staffing limitations), instituted a more equitable approach to …
News release: “The Peter G. Peterson Foundation’s July Fiscal Confidence Index, a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges, shows that Americans remain highly concerned about the nation’s fiscal situation. The Fiscal Confidence Index, modeled after the Consumer Confidence Index, …
Debt in America by Caroline Ratcliffe, Signe-Mary McKernan, Brett Theodos, Emma Kalish, Additional Authors. July 2014. “Debt can be constructive, allowing people to build equity in homes or finance education, but it can also burden families into the future. Total debt is driven by mortgage debt; both are highly concentrated in high-cost housing markets, mostly along the coasts. Among Americans …
The Surge of Unaccompanied Children from Central America – Root Causes and Policy Solutions, by Dan Restrepo and Ann Garcia | July 24, 2014 “Over the past few years, and in particular over the past few months, the number of children and families leaving the Central American countries of El Salvador, Guatemala, and Honduras and arriving in neighboring countries and at …
CONSUMER FINANCIAL PROTECTION BUREAU: Opportunity Exists to Improve Transparency of Civil Penalty Fund Activities, GAO-14-551: Published: Jun 26, 2014. Publicly Released: Jul 28, 2014. DRINKING WATER: EPA Program to Protect Underground Sources from Injection of Fluids Associated with Oil and Gas Production Needs Improvement, GAO-14-555: Published: Jun 27, 2014. Publicly Released: Jul 28, 2014. MEDIA OWNERSHIP: FCC Should Review the Effects of …
“The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2033, unchanged from last year, with 77 percent of benefits still payable …
“This series brings together OECD work related to the 2012 Recommendation of Council on Regulatory Policy and Governance. It offers information about the policies, practices and institutions needed to improve regulatory policy and to support better regulatory governance.” The Governance of Regulators, OECD Best Practice Principles for Regulatory Policy, OECD Publishing. doi: 10.1787/9789264209015-en
Magud, Nicolas E. and Reinhart, Carmen M. and Vesperoni, Esteban, Capital Inflows, Exchange Rate Flexibility and Credit Booms (August 2014). Review of Development Economics, Vol. 18, Issue 3, pp. 415-430, 2014. Available at SSRN: http://ssrn.com/abstract=2472247 or http://dx.doi.org/10.1111/rode.12093 “Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing primarily on emerging …
