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… Continue Reading
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IMF Paper – Sub-National Credit Risk and Sovereign Bailouts
IMF Working Paper. Sub-National Credit Risk and Sovereign Bailouts: Who Pays the Premium? by E. Jenkner; Zhongjin Lu. January 30, 2014. “Studies have shown that markets may underprice sub-national governments’ risk on the implicit assumption that these entities would be bailed out by their central government in case of financial difficulties. However, the question of whether sovereigns pay… Continue Reading
Agencies Release Public Sections of Resolution Plans
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Friday made available the public portions of resolution plans for 116 institutions that submitted plans for the first time in December 2013, the latest group to file resolution plans with the agencies. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank… Continue Reading
President’s Bioethics Commission Releases Report on Incidental Findings
“Researchers conduct a memory study, scan a participant’s brain, and find more than they bargain for: a tumor. What do the researchers owe the participant? What does the participant want to know? This is an increasingly common scenario for practitioners across contexts and for recipients of unexpected results that can be discovered through a variety… Continue Reading
Federal Reserve Governor’s Speech on Macroprudential Regulation
Governor Daniel K. Tarullo At the Yale Law School Conference on Challenges in Global Financial Services, New Haven, Connecticut September 20, 2013 – Macroprudential Regulation “Real world crises have a way of shaking up the intellectual foundations of policy disciplines. Elements of received wisdom are undermined, while certain heterodox or less mainstream views are seen as more valid… Continue Reading
FTC Chairwoman Calls for Transparency in Big Data
Via EPIC: “In a keynote speech at the Technology Policy Institute Aspen Forum, FTC Chairwoman Edith Ramirez called upon companies to “move their data collection and use practices out of the shadow and into the sunlight.” Chairwoman Ramirez highlighted the risks of big data including indiscriminate collection, data breaches, and behind-the-scenes profiling. She stressed the… Continue Reading
McKinsey – Big data: Whats your plan?
Many companies dont have one. Heres how to get started. March 2013 | by Stefan Biesdorf, David Court, and Paul Willmott “The payoff from joining the big-data and advanced-analytics management revolution is no longer in doubt. The tally of successful case studies continues to build, reinforcing broader research suggesting that when companies inject data and… Continue Reading
Identifying Term Interbank Loans from Fedwire Payments Data
NY Fed Reserve: Identifying Term Interbank Loans from Fedwire Payments Data. Dennis Kuo, David Skeie, James Vickery, and Thomas Youle. March 2013 – Number 603. “Interbank markets for term maturities experienced great stress during the 2007-09 financial crisis, as illustrated by the behavior of one- and three-month Libor. Despite widespread interest in these markets, little… Continue Reading
Report to Congress on International Economic and Exchange Rate Policies
Report to Congress on International Economic and Exchange Rate Policies, U.S. Department of the Treasury Office of International Affairs. May 25, 2012 “Global economic growth weakened in the second half of 2011. Strains from Europe’s sovereign debt crisis and stresses in some European banking sectors weighed on confidence and economic activity. In addition, the rise… Continue Reading
New Study Examines Differences in How Central Banks Implement Policy
News release: “Central banks differ in their approaches to implementing monetary policy, both in good economic times and in bad, according to a study released today by the Federal Reserve Bank of New York. The study, entitled “Monetary Policy Implementation: Common Goals but Different Practices,” is the latest article in the New York Fed series… Continue Reading
Work-Based Predictors of Mortality: A 20-Year Follow-Up of Healthy Employees
Work-based predictors of mortality: A 20-year follow-up of healthy employees. Shirom, A., Toker, S., Alkaly, Y., Jacobson, O. & Balicer, R. (in press). Health Psychology. “Objectives. This study investigated the effects of the Job-Demand- Control-Support (JDC-S) model’s components, workload, control, peer and supervisor social support, on the risk of all-cause mortality. Also examined was the… Continue Reading
Obama Administration Releases June Housing Scorecard
News release: “The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the The Obama Administrations E fforts To Stabilize the Housing Market and Help American Homeowners, June 2011, the Obama Administration’s Housing Scorecard a comprehensive report on the nations housing market. The latest housing data offer… Continue Reading
