In the United States, the level of concern over 401(k) fees is steadily increasing. However, very few employers understand the nature and scope of the retirement plan industry's business model. Not even the Federal Government fully grasps the issue. Understanding how hidden fees came about, and...

This short article surveys developments in the law affecting electronic payments and financial services from June 1, 2017 to June 1, 2018. During this period, significant developments occurred that affected the regulation of initial coin offerings (ICOs), the Office of the Comptroller of the...

The author assesses the factors that determine market interest rates and the equilibrium conditions with respect to aggregate desired borrowings and savings. According to gain-loss utility, aggregate desired borrowings and savings are in equilibrium when market interest rates equal the...

Spanish Abstract: Este documento de la Unidad Macroeconómica de Análisis aborda los impactos de corto plazo sobre la actividad económica colombiana de las medidas de confinamiento implementadas desde marzo de 2020 para evitar una propagación masiva de la pandemia COVID-19. Realiza un...

Initial Gross Domestic Product (GDP) announcements are important economic signals that convey information on the state of the economy but contain substantial estimation error. We investigate how GDP estimation errors affect firms' real decisions and profitability. Consistent with theoretical...

This paper intends to explain the sources of profits in the Spanish economy during the last decade, a period of time that comprises several years of sustained growth (2000-2007) and the years since the global financial crisis, which started at the end of 2007.First, we will examine briefly the...

Most of the theoretical work in the news shock literature abstracts away from structural explanations, assuming instead that news is a pure signal giving agents advance notice that aggregate technology will undergo exogenous change at some future point. This paper proposes that a surprise...

Spanish Abstract: Este escrito examina algunas explicaciones convencionales de la crisis financiera y el estancamiento, y el papel que atribuyen a la desigualdad del ingreso, en contraste con una explicación keynesiana estructural. El papel de la desigualdad del ingreso difiere esencialmente y...

Romanian Abstract: Ținând cont de importanța plumbului pentru pentru fabricarea bateriilor auto și cele utilizate în sectorul industrial, sector cu o pondere de circa 85% în consumul mondial de plumb rafinat, lucrarea cuprinsă în Conjunctura Economiei Mondiale tratează pe larg...

Romanian Abstract: Întrucât zincul este considerat al patrulea metal neferos în ordinea importanței pentru industrie, fiind utilizat pe scară largă la galvanizarea oțelului, lucrarea prezintă o analiză a pieței mondiale a acestui metal în anul 2013, urmărind evoluția anuală a...