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Keywords:coronavirus 

Discussion Paper
COVID-19, Workers, and Policy

As coronavirus 2019 (COVID-19) spreads around the world and across the United States, many policymakers and public health officials are encouraging employers to tell workers to work remotely or to stay home when they or their family members are sick. There are significant questions, though, about how many people can work from home. Many U.S. workers in retail, restaurants, manufacturing, and other occupations cannot do so. This Workforce Currents post will explore who can work from home and identify practices and policies to support workers who cannot work from home in the event of a pandemic ...
Workforce Currents , Paper 2020-02

Working Paper
Disparities and Mitigation Behavior during COVID-19

This paper uses a unique large-scale survey administered in April 2020 to assess disparities on several dimensions of wellbeing under rising COVID-19 infections and mitigation restrictions in the US. The survey includes three modules designed to assess different dimensions of well-being in parallel: physical health, mental and social health, and economic and financial security. The survey is unique among early COVID-19 data efforts in that provides insight on diverse dimensions of wellbeing and for subnational geographies. I find dramatic declines in wellbeing from pre-COVID baseline measures ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 32

The Real State of Family Wealth: Will COVID-19 Worsen Racial, Educational and Generational Gaps in the U.S.?

A new quarterly assessment tracks the pandemic’s impact on wealth trends by demographic groups.
On the Economy

Speech
Interview With St. Louis Fed President James Bullard, Wall Street Journal

Federal Reserve Bank of St. Louis President James Bullard in an interview with Michael S. Derby of The Wall Street Journal laid out his optimism for the U.S. economy’s outlook and why he doesn’t see the same need for additional fiscal support from the government for the economy as his central bank colleagues. Mr. Bullard in the interview Monday also discussed how he thinks the Federal Reserve will handle policy over the near term, while flagging the economy’s ability to adapt during the coronavirus pandemic. The following transcript has been lightly edited for content and clarity.
Speech

Discussion Paper
Which Workers Bear the Burden of Social Distancing Policies?

In the wake of the coronavirus outbreak, nearly all U.S. states imposed social distancing policies to combat the spread of illness. To the extent that work can be done from home, some workers moved their offices to their abodes. Others, however, are unable to continue working as their usual tasks require a specific location or environment, or involve close proximity to others. Which types of jobs cannot be done from home and which types of jobs require close personal proximity to others? What share of overall U.S. employment falls in these categories? And, given that these jobs will be the ...
Liberty Street Economics , Paper 20200529b

The Effects of Extra Unemployment Benefits on Household Delinquencies

The additional $600 per week in unemployment benefits may have helped stave off some household delinquencies.
On the Economy

Journal Article
COVID-19: Scarring Body and Mind

"Belief scarring" from the COVID-19 pandemic may generate prolonged effects on the economy—with economic costs greater than the drop in GDP in 2020.
Economic Synopses , Issue 43

Discussion Paper
W(h)ither U.S. Crude Oil Production?

People across the world have cut back sharply on travel due to the Covid-19 pandemic, working from home and cancelling vacations and other nonessential travel. Industrial activity is also off sharply. These forces are translating into an unprecedented collapse in global oil demand. The nature of the decline means that demand is unlikely to respond to the steep drop in oil prices, so supply will have to fall in tandem. The rapid increase in U.S. oil production of recent years was already looking difficult to sustain before the pandemic, as evidenced by the limited profitability of the sector. ...
Liberty Street Economics , Paper 20200504

A Growing Trade Deficit? Medical Goods Imports Plays a Role

Typically, the U.S. trade deficit narrows during a recession. However, the deficit actually widened by about 20% from January to June.
On the Economy

The Pandemic's Impact on Municipal Bonds

Higher state and local expenditures related to COVID-19, a delayed tax-filing deadline and a lack of liquidity roiled the muni bond market in the early months of the pandemic.
On the Economy

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