Board of Governors of the Federal Reserv Penny Hill Press
As the economy of the United States continues to rebound from the Great Recession, the well-being of households and consumers provides important information about the scope and pace of the economic recovery. In order to monitor the financial and economic status of American consumers, the Federal Reserve Board began conducting the Survey of Household Economics and Decisionmaking in 2013 and conducted the survey for a second time in October 2014. The findings from the October 2014 survey are covered in this report. Topics examined in the survey include the financial health of individuals on a...
As the economy of the United States continues to rebound from the Great Recession, the well-being of households and consumers provides important infor...
Board of Governors of the Federal Reserv Penny Hill Press
Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of change in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers' use of mobile financial services in 2011. The series examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the evolution of mobile financial services affects consumers' interaction with financial institutions. This report presents findings from the latest survey, fielded in November 2015, which focused on...
Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of change in the ...
As this note will argue, however, such historical comparisons are misleading for several reasons, including their failure to take account of the demonstrated ability of the FOMC to provide accommodation through large-scale asset purchases and guidance about the future path of the federal funds rate. Given these problems with historical comparisons, this note instead focuses on a different method for gauging the ability of the Federal Reserve to respond to future recessions-model simulations. Specifically, we use FRB/US, a model of the U.S. economy.
As this note will argue, however, such historical comparisons are misleading for several reasons, including their failure to take account of the demon...
