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Industry Concentration May Help Explain Divergent Business Cycles
U.S. states with high concentrations of certain industries may help explain why these areas diverge from the national cycle of recessions or expansions.
Journal Article
Responses of International Central Banks to the COVID-19 Crisis
This article reviews and explains the recent policy reactions of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan to the financial and macroeconomic turmoil caused by the COVID-19 pandemic. The financial and monetary policy actions of major central banks in the most recent crisis have, by some metrics, surpassed their responses to the Global Financial Crisis of 2007-09 in both swiftness and scope.
Journal Article
Measuring Household Distress and Potential Policy Impacts
Government policies such as income support and debt relief may help explain low levels of household financial distress, but outcomes are uncertain once assistance ends.