This month the Liberty Road Economics weblog is celebrating its tenth anniversary. We first welcomed readers to Liberty Road on March 21, 2011 and since then our annual web page views have grown from simply over 260,000 to greater than 3.3 million.
On the time of our launch we dubbed the weblog an “experiment.” The then Analysis Administrators Jamie McAndrews and Simon Potter got down to present our employees of greater than sixty economists with a platform to supply perception on financial points extra shortly and incessantly than a few of our different publications. And since that point we’ve not seemed again. We’re pleased with how far the weblog has come and that we’ve been in a position to persistently present readers with accessible and well timed evaluation.
This previous 12 months has underscored the significance of Liberty Road as a platform for addressing the important thing problems with the day. On the onset of the pandemic a 12 months in the past, the New York Fed, as a part of the Federal Reserve System, took motion to assist assist the stream of credit score to households, companies, and state and native governments. We acknowledged that it was vital for Liberty Road to assist construct public consciousness of those steps, in addition to to share our researchers’ wider evaluation relating to the potential impacts and trajectory of the COVID pandemic on the economic system.
Our first COVID-related publish final March, “Fight the Pandemic Save the Economy: Lessons from the 1918 Flu,” shortly turned essentially the most seen publish within the historical past of the weblog. Days later our regional evaluation staff provided perception into what was transpiring within the New York, New Jersey, and Connecticut tri-state space – “Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak.” Across the similar time, in an effort to present a extra real-time image of COVID’s escalating financial influence, we launched readers to the Weekly Economic Index.
LSE’s Most Considered Posts by 12 months
2020 Fight the Pandemic, Save the Economy: Lessons from the 1918 Flu
2019 New China Tariffs Increase Costs to U.S. Households
2018 Hey, Economist! What Do Cryptocurrencies Have to Do with Trust?
2017 How the Fed Changes the Size of Its Balance Sheet
2016 Hey, Economist! What Did You Make of “The Big Short”?
2015 The FRBNY DSGE Model Meets Julia
2014 The Value of a College Degree
2013 Are Stocks Cheap? A Review of the Evidence
2012 Grading Student Loans
2011 Commodity Prices and the Mistake of 1937: Would Modern Economists Make the Same Mistake
For the highest Liberty Road posts of all time, please see backside of this text.
Because the pandemic endured, the amount of posts additionally elevated. For instance, this previous Might our economists revealed twenty-two posts, properly above our customary norm of about twelve a month. These posts included a sequence on the credit and liquidity facilities established by the Federal Reserve to assist households and companies throughout the COVID-19 outbreak.
After all, Liberty Road has advanced on different fronts as properly. The weblog has turn out to be a house for an vital initiative of the Financial institution, an examination of economic inequality, with a number of series of posts in recent years examining disparities in entry to housing, schooling, well being care, and credit score, and their influence on family funds. Our economists have additionally introduced ahead discussions of rising subjects of curiosity, resembling commerce tariffs and cryptocurrencies. Witness two of our hottest posts in recent times: “New China Tariffs Increase Costs to U.S. Households,” and “Hey, Economist! What Do Cryptocurrencies Have to Do with Trust?”
Over time it has been rewarding to see our work being referenced in information tales, cited in main speeches, and infrequently in Congressional testimony. John Oliver has even had enjoyable with one of our posts on auto loans on his HBO present “Final Week Tonight.”
Over time, our weblog editors Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar—following within the custom of Liberty Road’s founding editors Erica Groshen, Donald Morgan, and Robert Wealthy—proceed to work with our economists to spotlight revolutionary analysis findings. They intention to investigate present developments affecting the U.S. economic system and our area, and to publish vital insights about inequality and differential impacts in our financial and monetary methods.
Liberty Road has been a decade-long experiment that we intention to proceed for years to come back. We thanks to your continued readership and curiosity.
High Posts of All Time 2011-20
1 Fight the Pandemic, Save the Economy: Lessons from the 1918 Flu, 2020
2 Everything You Wanted to Know about the Tri-Party Repo Market, but Didn’t know to Ask, 2011
3 Monitoring Real Activity in Real Time: The Weekly Economic Index, 2020
4 Just Released: Auto Loans in High Gear, 2019
5 Treasury Term Premia: 1961-Present, 2014
6 New China Tariffs Increase Costs to U.S. Households, 2019
7 Despite Rising Costs College is Still a Good Investment, 2019
8 Grading Student Loans, 2012
9 How is Online Shopping Affecting Retail Employment?, 2017
10 Who Pays the Tax on Imports from China?, 2019
Beverly Hirtle is an govt vp and the director of analysis on the Federal Reserve Financial institution of New York.
The right way to cite this publish:
Beverly Hirtle, “Trying Again at 10 Years of Liberty Road Economics,” Federal Reserve Financial institution of New York Liberty Road Economics, March 19, 2021, https://libertystreeteconomics.newyorkfed.org/2021/03/looking-back-at-10-years-of-liberty-street-economics.html.
The views expressed on this publish are these of the writer and don’t essentially mirror the place of the Federal Reserve Financial institution of New York or the Federal Reserve System. Any errors or omissions are the duty of the writer.