Edward Herbst, Scott Konzem, and Cristina ScofieldWe comprehensively document 1,265 Federal Reserve staff alternative scenarios presented to the Federal Open Market Committee in publicly released materials from 1968 to 2020. Scenarios grew in frequency and sophistication, typically spanning a range of outcomes around the baseline.
Dong Hwan Oh and Andrew J. PattonWe propose a new measure of mutual fund manager ability: "efficiency" is the ability to accrue the risk premium associated with a risk factor. The familiar abnormal return, or alpha, is shown to be the sum of two distinct measures of ability: "aggregate efficiency" which is the beta-weighted sum of the fund's (in)efficiencies across risk factors, and "skill," the component that is unrelated to factor exposures. Using a panel of U.S.
Insurer’s share price has fallen by 8 per cent so far this year
Krievietka/ShutterstockYou’ve had a spring clean and decluttered your wardrobe, and now you’re wondering what to do with the pile of unwanted clothes in the corner.
This June marks 10 years since the Brexit referendum - a decade in which the world has been in flux and Britain has been in turmoil. The narrow decision to leave the European Union has shaken the country’s politics, economy and identity.
Despite the Trump administration's immigration crackdown, U.S.-born workers aren't seeing more jobs or higher wages, including in sectors with a high share of immigrant labor. AP Photo/Richard VogelPresident Donald Trump campaigned on a promise to strengthen the labor market. His immigration platform – including a pledge to conduct the largest deportation campaign in U.S.
Delayed pension contributions could leave higher earners with a savings shortfall of £300,000
As cheap goods pour in, threatening the continent’s manufacturing sector, a search for solutions is becoming increasingly urgent.
Greece’s Producer Price Index (PPI) accelerated significantly in April to 12.8 percent year-on-year (YoY), after a rise of 8.3 percent in the previous month, ELSTAT data showed on Friday.
The growth of Greece’s retail sales slightly moderated with a rise of 6.1 percent year-on-year (YoY) in March, after an increase of 6.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
