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“The Agenda for Generational Equity is a conversation starter. We cannot afford to have young Americans —“Millennials”— on the sidelines for critical debates about our nation’s future. Though no exact definition exists, we, the Millennials, are the generation of young Americans born between the early 1980s and early 2000s. We are the generation that came …
Too Big to Fail: The Path to a Solution – A Report of the Failure Resolution Task Force of the Financial Regulatory Reform Initiative of the Bipartisan Policy Center, May 2013 “This report concludes that the FDIC’s SPOE [single-point-of- entry] recapitalization strategy, whether carried out under OLA or the Bankruptcy Code, should succeed in solving a critical …
Census – “Using the two most recent waves (11 and 12) from the 2008 Survey of Income and Program Participation panel, this table package presents income and earnings estimates at the individual, family and household level for the first quarter (January, February and March) of 2012. Quarterly estimates by selected demographic characteristics, such as gender, …
Unemployment, Negative Equity, and Strategic Default – Kristopher Gerardi, Kyle F. Herkenhoff, Lee E. Ohanian, and Paul S. Willen. Federal Reserve Bank of Atlanta. Working Paper 2013-4. August 2013 “Using new household-level data, we quantitatively assess the roles that job loss, negative equity, and wealth (including unsecured debt, liquid assets, and illiquid assets) play in …
“A new report by the National Institute of Economic and Social Research, using new data from real-time business tracker Growth Intelligence, draws a map of jobs and growth across the whole of the UK. The detailed report, commissioned by Google, also reveals just how far traditional sectors, such as manufacturing, architecture and engineering, have embraced …
Via Katrina Stierholz, Federal Reserve Bank of St. Louis: “…we have digitized archival records from the Federal Reserve’s records held at the National Archives. The Federal Reserve’s records are known as Record Group 82, and we have digitized and posted materials from the Reserve Bank Organization Committee (http://bit.ly/18dCmTo ), which selected the Reserve Bank cities …
Akiyama, Eizo, Hanaki, Nobuyuki and Ishikawa, Ryuichiro, It is Not Just Confusion! Strategic Uncertainty in an Experimental Asset Market (August 8, 2013). Available at SSRN. “To what extent is the observed mis-pricing in experimental asset markets caused by strategic uncertainty (SU) and by individual bounded rationality (IBR)? We address this question by comparing subjects’ initial …
Creditor Recovery: The Macroeconomic Dependence of Industry Equilibrium, Nada Mora, Federal Reserve Bank of Kansas City, June 2013. Federal Reserve Bank of Kansas City Working Paper No. 13-06 “This paper reconciles industry conditions with the state of the economy in driving asset liquidation values and, therefore, recovery rates on defaulted debt securities. Macro-economic effects matter …
Historical Echoes: Off the Charts! by Kathleen McKiernan “The visual representation of information, knowledge, or data has been around since the time of the caveman. But it wasn’t until 1786, when William Playfair, a Scottish engineer, published The Commercial and Political Atlas, illustrating for the first time how economic data could be represented by charts. …
“The European Securities and Markets Authority (ESMA) is publishing this discussion paper in order to seek stakeholders’ views on the preparation of the regulatory technical standards ESMA is required to draft under Article 5(2) “Clearing Obligation Procedure” of the Regulation (EU) No 648/2012 of the European Parliament and Council on OTC derivatives, central counterparties and …
Order Flow Segmentation and the Role of Dark Trading in the Price Discovery of U.S. Treasury Securities, by Michael Fleming and Giang Nguyen. August 2013 “This paper studies the workup protocol, a unique trading feature in the U.S. Treasury securities market that resembles a mechanism for discovering dark liquidity. We quantify its role in the price formation process …
“In the latest edition of Current Issues, New York Fed staff provide a detailed overview of the Bank’s Survey of Primary Dealers (SPD), including an in-depth look at the purpose and evolution of the survey. The SPD is designed to provide a timely and comprehensive summary of market expectations on a range of policy-related topics. One …
