Икономическа библиотека на ИПИ и БМА

Търсене

Do Homeowners Know Their House Values and Mortgage Terms?

Издател: Board of Governors of the Federal Reserve System

To assess whether homeowners know their house values and mortgage terms, we compare the distributions of these variables in the household-reported 2001 Survey of Consumer Finances (SCF) to the distributions in lender-reported data. We also examine the share of SCF respondents who report not knowing these variables. We find that most homeowners

The Road to Price Stability

Аtanasios Orphanides

Издател: Board of Governors of the Federal Reserve System

Nearly a quarter-century after Paul Volcker's declaration of war on inflation on October 6, 1979, Alan Greenspan declared that the goal had been achieved. Drawing on the extensive historical record, I examine the views of Chairmen Volcker and Greenspan on some aspects of the evolving monetary policy debate and explore some of the distinguishing

Real-Time Model Uncertainty in the United States: the Fed 1996-2003

Robert Tetlow, Brian ironside

Издател: Board of Governors of the Federal Reserve System

We study 30 vintages of FRB/US, the principal macro model used by the Federal Reserve Board staff for forecasting and policy analysis. To do this, we exploit archives of the model code, coefficients, baseline databases and stochastic shock sets stored after each FOMC meeting from the model's inception in July 1996 until November 2003. The period

The Choice at the Checkout

Ron Borzekowski, Elizabeth Kiser

Издател: Board of Governors of the Federal Reserve System

Dramatic changes have occurred in the U.S. payment system over the past two decades, most notably an explosion in electronic card-based payments. Not surprisingly, this shift has been accompanied by a series of policy debates, all of which hinge critically on understanding consumer behavior at the point of sale. Using a new nationally

A Retrospective Evaluation of the Effects of Temporary Partial Expensing

Darrel Cohen, Jason Cummins

Издател: Board of Governors of the Federal Reserve System

This paper examines how business investment responded to temporary partial expensing, first enacted in 2002 and expanded in 2003. In principle, partial expensing boosted the incentive to invest which should have had a discernable impact on spending. However, the tax changes did not occur in a vacuum, so it is challenging to isolate their impact.

The Price of Residential Land in Large U.S. Cities

Моrris Davis, Michael Palumbo

Издател: Board of Governors of the Federal Reserve System

Combining data from several sources, we build a database of home values, the cost of housing structures, and residential land values for 46 large U.S. metropolitan areas from 1984 to 2004. Our analysis of these new data reveal that since the mid-1980s residential land values have appreciated over a much wider range of cities than is commonly

The Economics of Crop Insurance and Disaster Aid

Barry goodwin, Vincent Smith

Издател: АЕI Press

This study is the first to provide a comprehensive and in-depth economic analysis of the origins and consequences of U.S. crop insurance and disaster relief programs. After examining these programs in light of market failure rationales for government intervention in agricultural commodity insurance programs, the authors conclude that these

The U.S. Financial System

George Kaufman

Издател: Prentice Hall

The sixth edition of THE U.S. FINANCIAL SYSTEM: MONEY, MARKETS, AND INSTITUTIONS has been revised and thoroughly updated to incorporate both the many dramatic structural, legislative, regulatory, and operational changes that have occurred at almost breathtaking speed in recent years and the comments and suggestions of users of the earlier