Search Results

Showing results 1 to 10 of approximately 13.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Atkinson, Tyler 

Blog
Dallas Fed Mobility and Engagement Index Gives Insight into COVID-19’s Economic Impact

To gain insight into the economic impact of the pandemic, we developed an index of mobility and engagement, based on geolocation data collected from a large sample of mobile devices.
Dallas Fed Economics

Discussion Paper
Inflation, slack, and Fed credibility

It is generally agreed that slack has some impact on inflation. There is much less agreement on what form the relationship takes and whether it is stable enough to reliably help predict inflation. This analysis focuses on the Great Moderation period. We find that slack (as measured by the unemployment rate) and changes in slack are negatively correlated with changes in inflation and also deviations of inflation from long-forward inflation expectations.> ; These relationships could have been exploited to produce forecasts of trimmed mean PCE inflation more accurate than rule-of-thumb ...
Staff Papers , Issue Jan

Discussion Paper
How bad was it? The costs and consequences of the 2007–09 financial crisis

The 2007?09 financial crisis was associated with a huge loss of economic output and financial wealth, psychological consequences and skill atrophy from extended unemployment, an increase in government intervention, and other significant costs. Assuming the financial crisis is to blame for these associated ills, an estimate of its cost is needed to weigh against the cost of policies intended to prevent similar episodes. We conservatively estimate that 40 to 90 percent of one year's output ($6 trillion to $14 trillion, the equivalent of $50,000 to $120,000 for every U.S. household) was foregone ...
Staff Papers , Issue Jul

Working Paper
Equity Regulation and U.S. Venture Capital Investment

There is a growing consensus that the long-run per capita growth rate of the U.S. economy has drifted lower since the early 2000s, consistent with a perceived slowdown in business dynamism. One factor that may have contributed to this is a downshift in venture capital investment and its failure to recover in line with stock prices, as pre-2003 patterns would suggest. Critics have argued that this is associated with the increased regulatory burden for publically traded firms to comply with the Sarbanes-Oxley Act of 2002 (SOX). There is inconclusive evidence of SOX deterring firms from becoming ...
Working Papers , Paper 1707

Working Paper
The Zero Lower Bound and Estimation Accuracy

During the Great Recession, many central banks lowered their policy rate to its zero lower bound (ZLB), creating a kink in the policy rule and calling into question linear estimation methods. There are two promising alternatives: estimate a fully nonlinear model that accounts for precautionary savings effects of the ZLB or a piecewise linear model that is much faster but ignores the precautionary savings effects. Repeated estimation with artificial datasets reveals some advantages of the nonlinear model, but they are not large enough to justify the longer estimation time, regardless of the ...
Working Papers , Paper 1804

Working Paper
Complementarity and Macroeconomic Uncertainty

Macroeconomic uncertainty—the conditional volatility of the unforecastable component of a future value of a time series—shows considerable variation in the data. A typical assumption in business cycle models is that production is Cobb-Douglas. Under that assumption, this paper shows there is usually little, if any, endogenous variation in output uncertainty, and first moment shocks have similar effects in all states of the economy. When the model departs from Cobb-Douglas production and assumes capital and labor are gross complements, first-moment shocks have state-dependent effects and ...
Working Papers , Paper 2009

Journal Article
Is rising unemployment an early warning of state-level recession?

Based on experience with national unemployment, analysts have viewed sharply higher state joblessness as signaling possible further deterioration. However, analyses indicate increasing state-level unemployment by itself does not indicate a recession, and that applying rule-of-thumb properties regarding recession to state economies is misguided.
Economic Letter , Volume 11 , Issue 8 , Pages 1-4

Journal Article
High unemployment points to below-target (but still stable) inflation

The Federal Reserve has a mandate to promote price stability and full employment. Generally, ?price stability? is given a forward-looking interpretation. Policy should be conducted so that expected medium-term (two- to five-year) inflation is low and stable or, less strictly, so that expected inflation beyond the next few years is low and stable. Households and businesses, too, are generally more interested in where prices are headed than in where they have been.
Economic Letter , Volume 7 , Issue 12 , Pages 1-4

Journal Article
Assessing the costs and consequences of the 2007–09 financial crisis and its aftermath

There are few estimates of what society gave up due to the crisis: Our conservative estimate is $50,000 to $120,000 for every U.S. household.
Economic Letter , Volume 8 , Issue 7 , Pages 1-4

Journal Article
America’s Missing Workers Are Primarily Middle Educated

The labor force participation rate has fallen since 2008, partly due to an aging population and despite a more highly educated one. After accounting for aging, those whose highest educational attainment is a high school diploma, some college or an associate degree have primarily driven the participation decrease.
Economic Letter , Volume 12 , Issue 4 , Pages 1-4

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Jel Classification

C15 2 items

C11 1 items

C32 1 items

C51 1 items

D81 1 items

E32 1 items

show more (8)

PREVIOUS / NEXT