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Why Did Saving Go Out of Style In the U.S.?

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. ....

New York , United States , Shannon Seery , Jeremiah Kohl , Thomas Klitgaard , Matthew Higgins , Tim Quinlan , Federal Reserve Bank , Western Europe , Wells Fargo Securities ,

Hey, Economist! What's the Case for Central Bank Digital Currencies? -Liberty Street Economics


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?  ....

New York , United States , Andrew Haughwout , Michael Fleming , Asani Sarkar , Thomas Klitgaard , Bank Research Group , Economic Research Tracker , Market Committee , American Economic Association , Street Economics , New York Fed , Federal Open Market Committee , Federal Reserve , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் பிளேமிங் , அச்சாணி சர்க்கார் , வங்கி ஆராய்ச்சி குழு , பொருளாதார ஆராய்ச்சி டிராக்கர் , சந்தை குழு , அமெரிக்கன் பொருளாதார சங்கம் , தெரு பொருளாதாரம் , புதியது யார்க் ஊட்டி , கூட்டாட்சியின் திறந்த சந்தை குழு , கூட்டாட்சியின் இருப்பு ,