Economists are grappling with a strange quirk of the post-pandemic economy: why consumers in the U.S. and only the U.S. are spending away the money they saved up in 2020 and 2021.
Comment & Discussion usni.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usni.org Daily Mail and Mail on Sunday newspapers.
The New York Fed DSGE Model Forecast—June 2021 -Liberty Street Economics newyorkfed.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorkfed.org Daily Mail and Mail on Sunday newspapers.
Michael Lee and Antoine Martin
Since the launch of Bitcoin and other first-generation cryptocurrencies, there has been extensive experimentation in the digital currency space. So far, however, digital currencies have yet to gain much ground as a means of payment. Is there a vacuum in the landscape of digital money and payments that central banks are naturally positioned to fill? In this post, Michael Lee and Antoine Martin, economists in the New York Fed’s Money and Payment Studies function, answer some questions regarding the concept of central bank digital currencies (CBDCs).
Q: There’s a lot of buzz about central bank digital currencies these days. How has the pandemic accelerated these discussions?
What Is behind the Global Jump in Personal Saving during the Pandemic? -Liberty Street Economics newyorkfed.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorkfed.org Daily Mail and Mail on Sunday newspapers.