Editors' Corner

Dodd-Frank, 18 Months In

A lot has happened in the 18 months since the Dodd-Frank Act's enactment. The Federal Reserve, for instance, has completed 108 of the 257 projects for which it has either direct responsibility or is providing assistance. But many of the most complex rulemakings are yet to be finalized. How the rules are implemented is a complex process in itself. Last winter, we took a look at how the details of financial market rules and regulations take shape. One particular section of Dodd-Frank has seen its share of media coverage lately —the so-called Volcker Rule. Named for former Federal Reserve Chairman Paul Volcker, the rule aims to restrict banks from putting their own capital at risk with certain types of trades. Recently, Federal Reserve Governor Daniel Tarullo testified before a House committee about some of the Volcker Rule's finer points and challenges in implementing it. All of which underlines why the comment period is one of the most important phases of the rulemaking process, ensuring that multiple voices are heard before major new regulations take effect.

Forefront

New Ideas on Economic Policy from the Federal Reserve Bank of Cleveland

Economic policy is in the forefront of a lot of people’s minds today. Forefront, the Cleveland Fed’s showcase of policy ideas, is devoted to critical policy issues facing our region and the nation at-large.

Generation Recession?


Flip through this interactive publication

How the Recession May Change America

Nobody yet knows the ultimate footprint that the Great Recession will have on the nation. We do know that much of it depends on the choices that Americans make in response—everything from personal saving to labor force participation is in play. Ultimately, these choices will help determine how “great” the recession really turns out to be.

Plus, what surveys tell us about the prospects for recovery.

The Future of Manufacturing

Sandra Pianalto

How to Help Manufacturing Succeed

Does manufacturing have a future? In the wake of the Great Recession, that's an urgent question. Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto explains her optimistic answer. Read more

See more of Pianalto's speeches and commentaries.

Bank Capital Requirements

Bank Capital Requirements

Some Capital Ideas

In November, the Federal Reserve Bank of Cleveland invited three scholars of finance and economics to talk about the virtues and pitfalls of bank capital regulation. Their insights helped shed light on how raising capital requirements might make a large difference in the durability of financial institutions-and why even in the day of Dodd-Frank and Basel III, adopting heightened standards remains necessary, even if difficult to achieve. Read more

Check out this conversation with the experts.

Converting Vacant Homes to Rentals

Three Reasons Why Converting Vacant Homes to Rentals Will Be a Challenge in Some Places

Three Reasons Why Converting Vacant Homes to Rentals Will Be a Challenge in Some Places…and Three Ways It Can Succeed

When lenders take ownership of foreclosed property, it gets a new name—real estate owned—and goes back into the hands of the lender. And for scores of lenders and neighborhoods, that’s a problem. Read more

From the Print Edition: Generation Recession | Fall 2011

Volume 2 Number 3

Download the full print version

  • Fall 2011
  • Download the full print version.  ()
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  • President’s Message
  • As an economic policymaker, I can assure you that the Federal Reserve will do all it can to move us past the Great Recession once and for all.  ()
  • See more about
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  • Upfront: Toward Mobile Payments
  • and Cindy Merritt
  • When will Americans really start using their smartphones like wallets?  ()
  • See more about
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  • Generation Recession?
  • The evolution of the Great Depression should serve as a grim reminder that much remains unknown about the ultimate footprint that the Great Recession will have on the nation.  ()
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  • Unemployment and the Great Recession
  • Is high unemployment here to stay?  ()
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  • Survey Says: Consumer Attitudes May Hold the Key to a Sustained Recovery
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  • A look at survey data on household sentiment shows the recession’s impact across a range of demographic groups, including young people and the middle-class.  ()
  • See more about
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  • The Labor Force: To Work or Not to Work
  • Why economists pay attention to the labor force participation rate.  ()
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  • Spent: Why Americans Are Saving So Much...
  • ...and why it makes a difference.  ()
  • See more about
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  • Wealth Building for Low-Income Families
  • It’s not easy, but a growing number of innovative financial products show it’s possible.  ()
  • See more about
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  • Renting: The New American Dream
  • Fallout in the housing market has made renting a more sensible choice for many families.  ()
  • See more about
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  • Watching and Waiting
  • Pinning hopes on small business to reignite the economy may not be the best idea.  ()
  • See more about
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  • Use It or Lose It: College Grads and Underemployment
  • Growing numbers of college graduates are finding themselves with jobs that don’t actually require a higher education.  ()
  • See more about
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  • Interview with Price Fishback
  • University of Arizona economic historian Price Fishback compares the Great Depression with the Great Recession and finds reason for optimism that America will recover from the latest downturn.  ()
  • See more about
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  • Book Review: The Economics of Enough: How to Run the Economy as if the Future Matters
  • By Diane Coyle, a British economist who runs the consultancy Enlightenment Economics.  ()
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Forefront Topics

Book Reviews

Credit

Education

Employment

Financial Crisis

Housing

Inflation

Monetary Policy

Payments

Reader Comments

Recession

Regulatory Reform

The Economy

Forefront Authors

Jean Burson

Doug Campbell

John Carlson

Daniel Carroll

Anne DiTeodoro

Ozgur Emre Ergungor

Thomas Fitzpatrick IV

Daniel Hartley

Joseph Haubrich

Owen Humpage

Margaret Jacobson

Amy Koehnen

Daniel Littman

April McClellan-Copeland

Cindy Merritt

Brent Meyer

Anne O'Shaughnessy

Stephen Ong

Mehmet Pasaogullari

Mary Helen Petrus

Sandra Pianalto

Robin Ratliff

Mark Schweitzer

Mark Sniderman

Murat Tasci

James Thomson

Stephan Whitaker

Mary Zenker