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Author:Daly, Mary C. 

Journal Article
The path of wage growth and unemployment

After the Great Recession, the fraction of U.S. workers whose wages were frozen reached a record high. Many employers would have preferred to cut wages, but couldn?t do so because of the reluctance of workers to accept reduced compensation. These pent-up wage cuts initially propped up wage growth, reduced hiring, and pushed up unemployment. But, over the past 2 years, inflation has eroded the real value of frozen wages, slowing wage growth and reducing the unemployment rate. This is similar to, but more pronounced than, the pattern observed in past recessions.
FRBSF Economic Letter

Journal Article
Profile of a recession - the U.S. and California

FRBSF Economic Letter

Journal Article
Labor market effects of welfare reform

FRBSF Economic Letter

Speech
Is the Federal Reserve Contributing to Economic Inequality?

Speech

Speech
Lessons from History, Policy for Today

Speech

Journal Article
East Asia's impact on regional growth in California

FRBSF Economic Letter

Journal Article
Who has benefited from California's recovery?

FRBSF Economic Letter

Speech
Ambassadors of Hope

Virtual Presentation at The Preuss School Graduation by Mary C. Daly, President and CEO, Federal Reserve Bank of San Francisco, Thursday June 18, 2020
Speech

Journal Article
Technology, productivity, and public policy

This Economic Letter summarizes papers presented at the conference "Technology, Productivity, and Public Policy" held at the Federal Reserve Bank of San Francisco on November 7-8, 2003. The conference was the inaugural event of the new Center for the Study of Innovation and Productivity (CSIP), which is organized within the Economic Research Department of the Bank.
FRBSF Economic Letter

Speech
Becoming Owners: The Business Case for Customer-Centered Banking

Remarks at Symposium on Asian Banking and Finance, Singapore, Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco, June 3, 2019.
Speech , Paper 196

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