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National Economy |
Our economists research and analyze monetary policy, the business cycle, growth, the labor market and other domestic economic issues. |
New from Liberty Street Economics |
Rebalancing the Economy in Response to Fiscal Consolidation
The author looks at how the U.S. economy adjusted in the past to changes in fiscal policy designed to reduce federal debt. By Richard W. Peach |
Recent Articles |
The Forward Guidance Puzzle
DSGE models tend to overestimate the macroeconomic impact of a key tool for central bankers: forward guidance; this study suggests another way to assess the tool’s effectiveness. By Marco Del Negro, Marc Giannoni, and Christina Patterson, Staff Report 574, October 2012 |
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Job Polarization and Rising Inequality in the Nation and the New York-Northern New Jersey Region
The authors explore the phenomenon of job polarization in the U.S. economy and examine how it has played out in the New York-northern New Jersey region. By Jaison R. Abel and Richard Deitz, Current Issues in Economics and Finance Second District Highlights 18(7), October 2012 |
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Abbott and Bacon Districts: Education Finances during the Great Recession
The authors use rich panel data and trend shift analysis to analyze how finances in New Jersey's Abbott and Bacon school districts, as well as the high poverty districts in general, were affected during the Great Recession and the American Recovery and Reinvestment Act (ARRA) federal stimulus period. By Rajashri Chakrabarti and Sarah Sutherland, Staff Reports 573, September 2012 |
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Pricing TIPS and Treasuries with Linear Regressions
The authors present an affine term structure model for the joint pricing of Treasury Inflation-Protected Securities (TIPS) and Treasury yield curves that adjusts for TIPS’ relative illiquidity. By Michael Abrahams, Tobias Adrian, Richard K. Crump, and Emanuel Moench, Staff Reports 570, September 2012 |
Household Credit Conditions |
Quarterly Report on Household Debt and Credit
Details about household debt and credit developments in the second quarter of 2012. |
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Download Data
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Pre 2003 Data Spreadsheet
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Household Debt and Credit Statistics by Area and Year |
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Household Debt and Credit Statistics by County
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Technical Notes |