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“According to the U.S. Census Bureau, 31.6 percent of Americans were in poverty for at least two months from 2009 to 2011, a 4.5 percentage point increase over the prerecession period of 2005 to 2007. Poverty was a temporary state for most people; however, 3.5 percent of Americans were in poverty for the entire three-year …
“A new infographic, “Poverty: The History of a Measure,” presents a timeline of major milestones in the Census Bureau’s effort to measure poverty since President Johnson’s January 1964 declaration of his “War on Poverty” 50 years ago. A companion infographic, “How Census Measures Poverty,” examines differences between the nation’s official poverty measure and the supplemental poverty …
“This is an annual publication that provides data on payments and payment, clearing and settlement systems in the CPSS countries. This version of the statistical update contains data for 2012 and earlier years. There are detailed tables for each individual country as well as a number of comparative tables. A preliminary version was published in September 2013.” Full publication …
“The property price statistics bring together data from different countries. The BIS, with the assistance of its member central banks, 1 has obtained approval of various national data providers to disseminate the statistics as long as the original national sources are clearly indicated. The sources and any relevant disclaimers are listed separately (sources of data). Copyright in these data must …
Melnik, Arie and Shy, Oz, Exclusion, Competition, and Regulation in the Retail Loan Market (October 31, 2013). Available at SSRN: http://ssrn.com/abstract=2374975 “Exclusion of borrowers from credit markets became a primary concern for regulators during the recovery from the recent recession. We analyze market for loans where loan-making institutions set both interest rates and minimum credit …
David A. Bergeron | December 18, 2013: “At a recent convening of the Alliance of States, Complete College America, a national nonprofit dedicated to growing the pool of American college graduates, advocated for the adoption of five of what it calls “game-changer” strategies that could dramatically increase the number of students who successfully complete college. Well-reasoned and artfully explained, one is left …
NYT – CATHERINE RAMPELL and SHAILA DEWAN: “Academic heavyweights have been debating whether the current United States economy is so sluggish because of too much government stimulus or not enough, or because slower growth had become the norm even before the recession. But maybe these arguments share a faulty premise. The American economy is actually doing reasonably well — at …
Are Recent College Graduates Finding Good Jobs? – Jaison R. Abel, Richard Deitz, and Yaquin Su – New York Fed “According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that …
Graphic – 50 Years of Poverty, by ALICIA PARLAPIANO: “While government programs have kept millions of people, especially the elderly, from falling into poverty, rates remain high for many groups of Americans, including children, blacks and Hispanics.” Related Article » “To many Americans, the war on poverty declared 50 years ago by President Lyndon B. Johnson has …
Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff. Thomas Herndon, Michael Ash and Robert Pollin. Camb. J. Econ. (2013)doi: 10.1093/cje/bet075 First published online:December 24, 2013 “We replicate Reinhart and Rogoff (2010A and 2010B) and find that selective exclusion of available data, coding errors and inappropriate weighting of summary statistics lead to serious miscalculations that inaccurately represent the relationship between …
Chairman Ben S. Bernanke At the Annual Meeting of the American Economic Association, Philadelphia, Pennsylvania, January 3, 2014 – The Federal Reserve: Looking Back, Looking Forward “In less than a month my term as Fed Chairman will end. Needless to say, my tenure has been eventful–for the Federal Reserve, for the country, and for me personally. I thought …
U.S. Direct Investment Abroad: Trends and Current Issues, James K. Jackson, Specialist in International Trade and Finance. December 11, 2013. “According to balance of payments data, U.S. direct investment abroad dropped in 2012 compared with 2011 as a result of a sharp reduction in net equity investment that overshadowed increases in reinvested earnings and intercompany debt investment. Equity capital fell …
