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The Drawing Board

The Median Consumer Price Index (Median CPI)

Uploaded on Oct 13, 2009

The Federal Reserve Bank of Cleveland publishes an indicator called the "Median CPI," which differs from the Bureau of Labor Statistics' Consumer Price Index in significant ways. What makes the Median CPI a better indicator of inflation trends than the CPI? Watch and find out!

Your Credit Score

Uploaded on Nov 15, 2010

What does your credit score really tell you? Think you know what you're looking at when you see your credit score? Maybe not, says Cleveland Fed researcher Yuliya Demyanyk. Your score isn't a rating of your credit worthiness; it's a ranking of your credit worthiness compared to everyone else in the country at a specific point in time.

Debt Overhang's Effect on Business Investment and Economy

Uploaded on Jul 19, 2010

Business expansion is dragging and slowing the economic recovery, and it seems everyone is searching for reasons. In his new paper, Federal Reserve Bank of Cleveland researcher Filippo Occhino says a contributing factor may be something called debt overhang. Simply put, when companies have too much debt it discourages them and their investors from taking on projects because the debt consumes any profits the investors might make, even in situations when the investment raises equity in the company.

Independent Federal Reserve


Uploaded on Mar 1, 2010

This Drawing Board explains how the Federal Reserve operates and why it's structured the way it is. The Fed is in the news a lot these days, and we hope the video helps people understand the complicated institution a little better.

Three Tier Proposal


Uploaded on Aug 13, 2009

The term systemically important financial institution is all over the news these days. It refers to financial institutions that are so big, or interconnected, or unique that they pose a risk of taking down the entire financial system should they fail. A researcher at the Federal Reserve Bank of Cleveland is proposing a three-tiered system for regulating systemically important financial institutions. This video helps explain the proposal for those who aren't policy wonks.


Upcoming EventsSEE ALL

  • 11.30.17

    2017 Financial Stability and Fintech Conference

    The Federal Reserve Bank of Cleveland, the Office of Financial Research, and the University of Maryland’s Robert H. Smith School of Business invite you to attend the 2017 Financial Stability and Fintech Conference on November 30–December 1, 2017, in Washington DC. This year’s conference will highlight research and facilitate discussions related to the impact of innovation on financial stability, policy, and regulation.

  • 05.17.18

    CALL FOR PAPERS

    Inflation: Drivers and Dynamics 2018. Researchers from academia and central banks exchange ideas on modeling inflation and inflation expectations and their relationship to the macroeconomy.

  • 06.25.18

    International Journal of Central Banking Conference

    CALL FOR PAPERS The International Journal of Central Banking (IJCB) is organizing its 2018 annual conference, "Ten Years after the Global Financial Crisis: What Have We Learned about Ensuring Financial Stability?" The conference will be hosted by De Nederlandsche Bank (DNB) in Amsterdam, The Netherlands, on June 25-26, 2018, and is being organized by Tobias Adrian, Harrison Hong, Luc Laeven, and Loretta Mester.