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News release: “Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages. Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, allows them to originate only Qualified Mortgages. …
Student Financial Aid, Academic Year 2011–12, First Look (Provisional Data): “This provisional First Look presents fully edited and imputed data findings on student financial aid, including the number of undergraduate students receiving aid and the amount of aid received by those students for the 2011-12 academic year.” See also Degrees of Debt: Student Loan Repayment …
The Macroeconomic Policy Paradox – Failing by Succeeding, Alan S. Blinder “While objections can be (and have been) raised, the U.S. government’s multifaceted macroeconomic policy responses to the financial crisis after September 2008 appear to have been quite effective. Yet, politically, they are more reviled than admired. The paradox is that economic success—in the sense of …
Labor market lessons from occupational colleges 10/01/2013 Coming to America: the Latino impact 10/01/2013 Scheduled passenger air transportation in the Producer Price Index: improvements and trends 09/26/2013 Recent trends in spending patterns of Supplemental Nutrition Assistance Program participants and other low-income Americans 09/13/2013 Research highlights of the Consumer Expenditure Survey redesign 09/09/2013 A working we …
“Report Card 11: Child well-being in rich countries, from UNICEF’s Office of Research, examines the state of children across the ‘rich’ world. As debates continue to generate strongly opposed views on the pros and cons of austerity measures and social spending cuts, Report Card 11 charts the achievements of 29 of the world’s advanced economies …
Ellen Duranceau: “In the four years since the MIT Faculty adopted their Open Access Policy, the collection housing their open access articles has shown steady growth, and recently topped 10,000 papers. These papers are not simply stored and counted, however. They are read by grateful readers from all around the world. The stories are as …
Neil Irwin – Washington Post [snipped] “What is JPMorgan Chase? – It’s the largest bank in the United States, with $2.4 trillion in assets. It is active in a wide variety of financial services businesses, including both what you might think of as ordinary consumer banking–taking deposits and offering car loans, mortgages, and credit cards–and …
“The European Banking Authority (EBA) released today its final technical standards on supervisory reporting on Non-Performing Exposures and Forbearance, which will provide consistent indicators of asset quality of banks across the European Union. The EBA also issued recommendations on asset quality reviews (AQRs) aimed at supporting existing and/or planned reviews across the EU. The standards …
Working Paper No. 13-41 – The Political Polarization Index, Marina Azzimonti, September 2013. Federal Reserve Bank of Philadelphia. “American politics have become increasingly polarized in recent decades. To the extent that political polarization introduces uncertainty about economic policy, this pattern may have adversely a ected the economy. According to existing theories, a rise in the volatility …
“The shutdown clearly affected Americans’ confidence in the economy, and made them less optimistic about their own standard of living. But one unfortunate though real economic effect of the shutdown was a likely damper on hiring activity, which prior to the government’s suspending non-essential services had been the most positive since the recession ended. Both …
Fiscal Foundations of Inflation: Imperfect Knowledge, Stefano Eusepi and Bruce Preston. October 4, 2013 “This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. The theory is similar in spirit to, but distinct from, unpleasant monetarist arithmetic and the fiscal theory of the price level. Because the assumption …
USAToday – Many metro areas have seen significant increases in rented single-family homes since 2006, Census Bureau data shows. “At least a fifth of all occupied single-family homes were rentals last year in 32 of the nation’s top metropolitan regions, according to a USA TODAY analysis of U.S. Census Bureau data. That’s up from seven …
