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“This Notes article provides new results showing how many years into retirement Baby Boomer and Gen Xer households are simulated to run short of money, by preretirement income quartile. Under a variety of simulated post-retirement expense scenarios, the lowest preretirement income quartile is the cohort where the vast majority of the retirement readiness shortfall occurs, and the …
ADVANCED REACTOR RESEARCH: DOE Supports Multiple Technologies, but Actions Needed to Ensure a Prototype Is Built, GAO-14-545: Published: Jun 23, 2014. Publicly Released: Jun 23, 2014. DEBT MANAGEMENT: Floating Rate Notes Can Help Treasury Meet Borrowing Goals, but Additional Actions Are Needed to Help Manage Risk, GAO-14-535: Published: Jun 16, 2014. Publicly Released: Jun 23, 2014. DEBT MANAGEMENT: Survey of Investors in …
“American International Group Inc. (AIG), a worldwide insurance powerhouse, avoided bankruptcy in 2008 thanks to generous bailouts from the federal government. Understanding what happened to AIG is critical in evaluating the regulatory reforms enacted since the crisis, and ascertaining whether earlier implementation of those reforms would have prevented the AIG bailout and whether the reforms …
Magee, Shane and Sheedy, Elizabeth A. and Wright, Sue, Reform Where It Is Least Needed: Diffusion of Post Crisis Risk Governance Regulation (June 19, 2014). Available at SSRN: http://ssrn.com/abstract=2456837 “Risk governance is arguably the most vital arena for post-crisis bank reform because it addresses the fundamental issues that drive the mismanagement of financial institutions. We assess …
“Today, WikiLeaks released the secret draft text for the Trade in Services Agreement (TISA) Financial Services Annex, which covers 50 countries and 68.2%1 of world trade in services. The US and the EU are the main proponents of the agreement, and the authors of most joint changes, which also covers cross-border data flow. In a significant …
“Recent trends show a rapid expansion of state activity in some parts of the emerging world at the same time that social programs in education, health care, unemployment benefits and old-age pensions have stagnated or even retrenched in the advanced industrial economies. In addition, the recent global financial crisis has triggered an increasing presence of the …
Koepke, Robin, Fed Policy Expectations and Portfolio Flows to Emerging Markets (June 18, 2014). Available at SSRN: http://ssrn.com/abstract=2456288 “The Federal Reserve’s unconventional monetary stimulus measures have revived a controversial policy debate about the impact of U.S. monetary policy on capital flows to emerging markets. This paper presents evidence of an important transmission channel that has not …
Plante, Michael and Richter, Alexander W. and Throckmorton, Nathaniel A., The Zero Lower Bound and Endogenous Uncertainty (April 30, 2014). Available at SSRN: http://ssrn.com/abstract=2456425 “This paper documents a strong negative correlation between macroeconomic uncertainty and real GDP growth since the Great Recession. Prior to that event the correlation was weak, even when conditioning on recessions. At …
Qian, Hong and Zhong, Zhaodong, Do Hedge Funds Possess Private Information in IPO Stocks? Evidence from Post-IPO Holdings (June 15, 2014). Available at SSRN: http://ssrn.com/abstract=2456025 “Using hedge funds’ holdings of IPO stocks, we find that stocks with hedge fund holdings beyond what can be explained by publicly available information yield abnormal returns, suggesting that hedge funds …
“The Basel Committee is publishing for comment the consultative document Supervisory guidelines for identifying and dealing with weak banks. Once final, the guidelines will replace the 2002 Committee guidance on the topic. Comments are invited on all aspects of this consultative document by Friday 19 September 2014. All supervisors face the problem of dealing with weak banks. Early identification and …
Latino Jobs Growth Driven by U.S. Born – Rakesh Kochhar: “For the first time in nearly two decades, immigrants do not account for the majority of Hispanic workers in the United States. Meanwhile, most of the job gains made by Hispanics during the economic recovery from the Great Recession of 2007-09 have gone to U.S.-born workers, …
Presentation by Peter Fontaine, CBO’s Assistant Director for Budget Analysis, to a Global Network of Parliamentary Budget Offices Community Meeting Sponsored by the World Bank Institute. Peter Fontaine is CBO’s Assistant Director for Budget Analysis: “Last week, I attended a meeting in Ottawa, Ontario, of the Global Network of Parliamentary Budget Offices, which was sponsored …
