Is a Soft Landing Possible? What the Beveridge Curve Reveals
Restrepo-Echavarria, Paulina; Grittayaphong, Praew (2023-09-01)
Adjusting the Beveridge curve to exclude the effect of workers switching jobs suggests that the vacancy rate could fall to pre-pandemic levels without causing the U.S. jobless rate to exceed a 2001-23 average.
On the Economy

Journal Article
What Is Driving Unauthorized Immigration to the U.S.?
Bandyopadhyay, Subhayu; Grittayaphong, Praew (2021-11-17)
Unauthorized immigration to the U.S. has risen and fallen over time. What factors are behind a recent increase in southwestern border crossings?
The Regional Economist

St. Louis Fed Research Associates Discuss Work and Experiences
Bennett, Julie; Grittayaphong, Praew; Isaacson, Maggie (2022-04-26)
RAs help the St. Louis Fed’s staff of economists investigate topics ranging from productivity to unemployment.
On the Economy

The Arms Trade and Its Bearing on the Russia-Ukraine War
Bandyopadhyay, Subhayu; Grittayaphong, Praew (2022-11-21)
The arms trade links nations through their security interests, and its current patterns may be complicating a political resolution of the Russia-Ukraine war.
On the Economy

Working Paper
COVID-19: fiscal implications and financial stability in developing countries
Grittayaphong, Praew; Restrepo-Echavarria, Paulina (2022-09-22)
The COVID-19 pandemic is unlike any other crisis that we have experienced in that it hit all economies in the world at the same time, compromising the risk sharing ability of nations. At the onset of the pandemic, the World Bank (WB) and the International Monetary Fund (IMF) jointly pledged 1.16 trillion dollars to help emerging economies deal with COVID-19. Would this amount have been enough to preserve financial stability in a worst case scenario? What were the fiscal implications of the pandemic? In this paper we aim to answer these questions by documenting the size of the fiscal measures ...
Working Papers , Paper 2022-028

COVID-19 and Unauthorized Immigration at the Southwest Border
Grittayaphong, Praew; Bandyopadhyay, Subhayu (2021-01-14)
A drop in U.S. enforcement encounters in the spring suggested the pandemic temporarily slowed unauthorized entry attempts, but such encounters have risen in recent months.
On the Economy

Journal Article
Immigrant Employment Patterns during the Pandemic
Bandyopadhyay, Subhayu; Grittayaphong, Praew (2022-05-11)
Immigrant employment in the U.S. appears to be returning to pre-COVID-19 levels following a disproportionally sharp decline early in the pandemic.
The Regional Economist

Journal Article
Commercial Loans Rise Sharply during COVID-19 Pandemic
Gascon, Charles S.; Grittayaphong, Praew; Jefferson, Nathan (2021-06-24)
During the first several months of the COVID-19 pandemic, commercial lending increased as small businesses sought loans from the Paycheck Protection Program.
The Regional Economist

A Look at Recent Refugee Admissions into the U.S. amid COVID-19 Disruptions
Bandyopadhyay, Subhayu; Grittayaphong, Praew (2021-12-16)
The ceiling on the number of refugees eligible to enter the country was sharply increased in fiscal year 2021. Yet COVID-19 hindered their entry.
On the Economy

Bretton Woods and the Growth of the Eurodollar Market
Restrepo-Echavarria, Paulina; Grittayaphong, Praew (2022-01-20)
The postwar system of fixed exchange rates forced many countries to impose capital/currency controls. Banks created a loophole with the eurodollar.
On the Economy