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“Financial regulators and central banks in over 60 countries publish Financial Stability Reports about the health of their banking, financial and payments systems. These are a rich source of information on the structure of financial systems, recent trends in banking and finance, and the impact of the global economy on local markets. For scholars and …
The Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit, Anthony A. DeFusco and Andrew Paciorek. 2014-11 “The relationship between the mortgage interest rate and a household’s demand for mortgage debt has important implications for a host of public policy questions. In this paper, we use detailed data on over 2.7 million …
Browning, Chris and Huston, Sandra J. and Finke, Michael S., Cognitive Ability and Post-Retirement Asset Decumulation (February 4, 2014). Available at SSRN: http://ssrn.com/abstract=2390862 “There is evidence that retirees are decumulating their assets very slowly or not at all. This behavior does not follow the normative framework of the life-cycle hypothesis (LCH). Decumulating in a manner …
On September 10, 2013, the Federal Reserve Banks released the Payment System Improvement – Public Consultation Paper. The paper shares Federal Reserve perspectives on the key gaps and opportunities in the current U.S. payment system and identifies the desired outcomes that close these gaps and capture these opportunities. “The U.S. payment system is undergoing a remarkable period …
BORDER SECURITY: DHS Needs to Strengthen Its Efforts to Modernize Key Enforcement Systems, GAO-14-342T: Published: Feb 6, 2014. Publicly Released: Feb 6, 2014. ECONOMIC DEVELOPMENT ADMINISTRATION: Documentation of Award Selection Decisions Could Be Improved, GAO-14-131: Published: Feb 6, 2014. Publicly Released: Feb 6, 2014. ENTREPRENEURIAL ASSISTANCE: Opportunities Exist to Improve Collaboration and Performance Management for Financial Assistance Programs, GAO-14-335T: Published: Feb 6, 2014. …
“The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. CBO estimates that under current law, the deficit will total $514 billion in fiscal year 2014, compared with $1.4 trillion in 2009. At that level, this year’s deficit would …
The United States as a Net Debtor Nation: Overview of the International Investment Position, James K. Jackson, Specialist in International Trade and Finance, December 17, 2013 “The international investment position of the United States is an annual measure of the assets Americans own abroad and the assets foreigners own in the United States. The net position, or the difference …
Financial Assets and Conflict of Interest Regulation in the Executive Branch, Jack Maskell – Legislative Attorney, January 17, 2014 “The underlying principle of the financial conflict of interest laws adopted by Congress, and of the regulations promulgated in the executive branch, embodies the axiom “that a public servant owes undivided loyalty to the Government,” and that decisions, advice, and recommendations …
Hutchins Center on Fiscal and Monetary Policy – Brookings – Paul Tucker Harvard Kennedy School and Business School January 16, 2014 “…Although at times preoccupied with local reform debates, the capitals of the world’s major economies confronted common issues in redrawing the rules of the road for finance. Combined with a shared desire to preserve open, global financial markets, this …
Federal Reserve Bank of New York Staff Reports – Beverly Hirtle, Anna Kovner, James Vickery, and Meru Bhanot: “The CLASS model is a top-down capital stress testing framework that projects the effect of different macroeconomic scenarios on U.S. banking firms. The model is based on simple econometric models estimated using public data and also on assumptions about loan loss provisioning, taxes, asset …
Bipartisan Policy Center – Immigration Task Force: “Many nations, especially those with advanced economies, face significant demographic challenges. Due primarily to declining fertility rates, the populations of these countries are stagnating and, in some cases, even shrinking. In addition, most developed countries are “graying,” with seniors accounting for an increasingly larger share of their overall populations. In the …
Intolerance in Western Europe – Analysis of trends and associated factors, by Jennifer Rubin, Jirka Taylor, Alexandra Pollitt, Joachim Krapels, Mafalda Pardal “This study, commissioned by the Open Society Foundations, aimed to situate the widely-shared perception of rising intolerance in Western Europe in the context of empirical evidence on high-level trends in intolerant attitudes in Western Europe. Through analysis of European datasets, …
