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Monthly Archives: July 2013

BIS – Should monetary policy lean against the wind? – an analysis based on a DSGE model with banking

Should monetary policy lean against the wind? – an analysis based on a DSGE model with banking, by Leonardo Gambacorta and Federico M Signoretti – Working Papers No 418, July 2013 “The global financial crisis has reaffirmed the importance of financial factors for macroeconomic fluctuations. Recent work has shown how the conventional pre-crisis prescription that… Continue Reading

BIS – Relationship and Transaction Lending in a Crisis

Relationship and Transaction Lending in a Crisis by Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli, Working Papers No 417 -July 2013 “We study how relationship lending and transaction lending vary over the business cycle. We develop a model in which relationship banks gather information on their borrowers, which allows them to provide… Continue Reading

CFPB: Student debt swells, federal loans now top a trillion

Rohit Chopra is the CFPB’s Student Loan Ombudsman. This post is excerpted from prepared remarks before a conference hosted by the Center for American Progress on July 17, 2013, in Washington, DC. “While there has been considerable attention by policymakers on federal student loan interest rates taken out for the 2013-2014 academic year, outstanding student… Continue Reading

EPIC: Working Group Rejects Industry Do Not Track Proposal

“The World Wide Web Consortium has rejected a Do Not Track standard proposed by the online advertising industry. The industry proposal would have allowed advertising companies to continue to collect data about the browsing activities of consumers, but would have limited the way companies could characterize users based on that data. The group stated that… Continue Reading

Federal Reserve Board – Beige Book – July 17, 2013

Summary of Commentary on Current Economic Conditions by Federal Reserve District, July 17, 2013 “Reports from the twelve Federal Reserve Districts indicate that overall economic activity continued to increase at a modest to moderate pace since the previous survey. Manufacturing expanded in most Districts since the previous report, with many Districts reporting increases in new… Continue Reading

New GAO Reports: DHS, DOD’s POW/MIA Mission, Fewer Power Plants, Affordable Care Act, Bureau of Prisions

Department of Homeland Security – Oversight and Coordination of Research and Development Efforts Could Be Strengthened, GAO-13-766T, Jul 17, 2013 DOD’s POW/MIA Mission – Top-Level Leadership Attention Needed to Resolve Longstanding Challenges in Accounting for Missing Persons from Past Conflicts, GAO-13-619, Jul 17, 2013 Federal Printing – Fewer Plants Are in Operation Than in 1990,… Continue Reading

New Preservation Metadata

“OCLC Research Scientist Brian Lavoie and Richard Gartner from King’s College London co-authored this second edition of Preservation Metadata, which focuses on new developments in preservation metadata made possible by the emergence of PREMIS as a de facto international standard. The complete report is available from the Digital Preservation Coalition website – it will be of interest… Continue Reading

Cyber-crime, securities markets and systemic risk

Cyber-crime, securities markets and systemic risk. Joint Staff Working Paper of the IOSCO Research Department and World Federation of Exchanges. Author: Rohini Tendulkar (IOSCO Research Department). Survey: Grégoire Naacke (World Federation of Exchanges Office) and Rohini Tendulkar. “This report and survey is intended as part of a series exploring perspectives and experiences with cyber-crime across… Continue Reading

Liquified Natural Gas: Why Rapid Approval of the Backlog of Export Applications is Important for U.S. Prosperity

Margo Thorning, Ph.D. Senior Vice President and Chief Economist, American Council for Capital Formation: “Another macroeconomic analysis by ICF International finds that expanded LNG exports would spur significant gains in nationwide employment, GDP and federal tax receipts. The net effects on U.S. employment are anticipated to be positive with net job growth of between 73,100… Continue Reading

ACLU – Police Documents on License Plate Scanners Reveal Mass Tracking

By Catherine Crump, Staff Attorney, ACLU Speech, Privacy and Technology Project: “Automatic license plate readers are the most widespread location tracking technology you’ve probably never heard of. Mounted on patrol cars or stationary objects like bridges, they snap photos of every passing car, recording their plate numbers, times, and locations. At first the captured plate… Continue Reading

McKinsey – Five opportunities for US growth and renewal

Game changers: Five opportunities for US growth and renewal: “The US economy is struggling to find a new formula for vigorous growth. But all growth opportunities are not created equal. A new report from the McKinsey Global Institute pinpoints five catalysts—in energy, trade, technology, infrastructure, and talent development—that can quickly create jobs and deliver a… Continue Reading