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“The International Banking Research Network (IBRN) brings together central bank researchers from around the world to analyze issues pertaining to global banks. It was established in 2012 by Austrian, German, U.S., and U.K. researchers who saw a need for joint analysis of key questions, such as the role of cross-border banking in the transmission of …
Z.1 Financial Accounts of the United States. Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts First Quarter 2014. Board of Governors of the Federal Reserve, June 5, 2014. “The net worth of households and nonprofits was $81.8 trillion at end of the first quarter this year, about $1.5 trillion more than at end of 2013. …
Carr, Douglas, Investment, Growth and the Natural Rate of Interest – How the Marginal Product of Capital Explains (Almost) Everything (June 13, 2014). Available at SSRN: http://ssrn.com/abstract=2450200 “An Investment-Growth model is developed based upon generalized conditions that an economy’s participants: 1) act to maximize economic growth, and 2) are indifferent at the margin between consumption and …
Report Link via author Aart Kraay: “Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the cross-country …
IMF – June 10, 2014 – Tamim Bayoumi “A crisis is a terrible thing to waste, and nowhere is this truer than in the arena of international economic policy cooperation. With the world facing the largest and most synchronized plunge in output of the postwar era, policy makers banded together to find solutions. This paper looks …
Kay, Benjamin S. and Manuszak, Mark D. and Vojtech, Cindy M., Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment (April 2, 2014). Available for download at SSRN: http://ssrn.com/abstract=2449027 “The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 alters the competitive structure of the debit card …
How America Saves 2014: “This comprehensive report analyzes the saving, investing, and account activity trends in defined contribution (DC) plans at Vanguard. The report offers useful insights into current issues affecting DC plans, including employer contribution trends, automatic plan features, use of target-date funds, and use of advice services.”
Binyamin Appelbaum: “Recessions are always painful, but the Great Recession that ran from late 2007 to the middle of 2009 may have inflicted a new kind of pain: an era of slower growth. It has been five years since the official end of that severe economic downturn. The nation’s total annual output has moved substantially above …
“Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States. According to the OECD Survey, the labour market is not yet back to normal. Unemployment has declined rapidly, but many discouraged …
“World military expenditure totalled $1.75 trillion in 2013, a fall of 1.9 per cent in real terms since 2012, according to figures released [April 14, 2014] by Stockholm International Peace Research Institute (SIPRI). The comprehensive annual update of the SIPRI Military Expenditure Database is accessible from today at www.sipri.org. The fall in the global total …
IRS 2015 BUDGET: Long-Term Strategy and Return on Investment Data Needed to Better Manage Budget Uncertainty and Set Priorities, GAO-14-605: Published: Jun 12, 2014. Publicly Released: Jun 12, 2014. NUCLEAR NONPROLIFERATION: Additional Actions Needed to Increase the Security of U.S. Industrial Radiological Sources, GAO-14-293: Published: Jun 6, 2014. Publicly Released: Jun 12, 2014. NUCLEAR NONPROLIFERATION: Additional Actions Needed to Increase the Security …
Lawrence Mishel and Alyssa Davis | June 12, 2014: “The 1980s, 1990s, and 2000s were prosperous times for top U.S. executives, especially relative to other wage earners and even relative to other very high wage earners (those earning more than 99.9 percent of all wage earners). Executives constitute a larger group of workers than is commonly recognized, and …
