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Working Paper
Evaluating the Information Value for Measures of Systemic Conditions
Timely identification of coincident systemic conditions and forward-looking capacity to anticipate adverse developments are critical for macroprudential policy. Despite clear recognition of these factors in literature, an evaluation methodology and empirical tests for the information value of coincident measures are lacking. This paper provides a twofold contribution to the literature: (i) a general-purpose evaluation framework for assessing information value for measures of systemic conditions, and (ii) an empirical assessment of the information value for several alternative measures of US ...
Essay
Plasma Donations Curb Demand for Payday Loans
Research shows that demand for high-cost debt like payday and installment loans tends to decline after plasma donation centers open in U.S. communities.