Great Recession Archives - The Industry Spread

Simon M Potter: Models only get you so far

February 26, 2019

Remarks by Mr Simon M Potter, Executive Vice President of the Markets Group of the Federal Reserve Bank of New York, for the Federal Reserve Banks of Atlanta and New York’s First Annual Joint Research Day on Quantitative Tools for Monitoring Macroeconomic and Financial Conditions, Federal Reserve Bank of New York, New York City, 22 February 2019.

Narrative Economics and Virtual Currency

August 4, 2018

Schiller noted that many people believe that the real estate boom was created by falling interest rates, but that interest rates had been falling for two decades before the real estate boom.

In Schiller’s research, he found that a narrative had formed that flipping homes- buying a home fixing it up and selling it quickly- had formed as an intriguing way to make money.