Most Recent Articles from Federal Reserve Bank of New York Economic Policy Review

• Why the U.S. Treasury began auctioning Treasury Bills in 1929. 

  * In the 1920s, there were several flaws in the structure of U.S. Treasury financing operations. * The flaws were attributable to the...

  07/01/08 by Garbade, Kenneth D. · More from publication

• Poverty in New York City, 1969-99: the influence of demographic change, income growth, and income inequality. 

  * Despite gains in employment, income, and educational attainment, New York City experienced a rise in poverty from 1969 to 1979 and a continued...

  07/01/08 by Levitan, Mark K. · More from publication

• Signal or noise? Implications of the term premium for recession forecasting. 

  * Since the 1970s, an inverted yield curve has been a reliable signal of an imminent recession. * Some have argued that the yield curve...

  07/01/08 by Rosenberg, Josua V. · More from publication

• The role of retail banking in the U.S. banking industry: risk, return, and industry structure.(Industry overview) 

  * In recent years, retail banking has become a key area of strategic emphasis in the U.S. banking industry, as evidenced by rising trends in...

  12/01/07 by Clark, Timothy · More from publication

• Hedge funds, financial intermediation, and systemic risk. 

  * An important channel through which largely unregulated hedge funds interact with regulated institutions is prime brokerage relationships. ...

  12/01/07 by Kambhu, John · More from publication

• A comparison of measures of core inflation. 

  * Designed to remove transitory changes from aggregate price data, measures of underlying, or "core," inflation are important tools in the...

  12/01/07 by Rich, Robert · More from publication

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