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Journal Article
Emerging Bond Markets and COVID-19: Evidence from Mexico
Christensen, Jens H. E.; Fischer, Eric; Shultz, Patrick
(2020-08-17)
The pandemic caused by the coronavirus is depressing economic activity and severely straining government budgets globally. Without international support, the ability of emerging economies to weather this crisis will depend crucially on access to and the cost of borrowing in domestic government bond markets. Analyzing bond flows and risk premiums for Mexican government bonds during the pandemic gives some insights into a major emerging economy’s experience. Mexican risk premiums have increased more than 1 percentage point above predicted levels, pointing to tighter funding conditions for the ...
FRBSF Economic Letter
, Volume 2020
, Issue 23
, Pages 01-05
Working Paper
Has COVID Reversed Gentrification in Major U.S. Cities? An Empirical Examination of Residential Mobility in Gentrifying Neighborhoods During the COVID-19 Crisis
Ding, Lei; Hwang, Jackelyn
(2022-08-17)
This paper examines whether neighborhoods that had been gentrifying lost their appeal during the pandemic because of COVID-induced health risks and increased work-from-home arrangements. By following the mobility pattern of residents in gentrifying neighborhoods in 39 major U.S. cities, we note a larger increase of 1.2 percentage points in the outmigration rate from gentrifying neighborhoods by the end of 2021, relative to nongentrifying ones, with out-of-city moves accounting for over 71 percent of the increased flight. The share of out-of-city moves into gentrifying neighborhoods also ...
Working Papers
, Paper 22-20
A Hard or Soft Landing? The Answer May Lie in the Beveridge Curve
Birinci, Serdar; Ngân, Trần Khánh
(2023-07-13)
The traditional Beveridge curve suggests that a sharp rise in unemployment is needed to meaningfully lower the job vacancy rate. But the curve shaped by the pandemic labor market may signal a different result.
On the Economy
Journal Article
Child Care, COVID-19, and our Economic Future
Shrimali, Bina
(2020-09-29)
Child care is important for cultivating the future workforce, and it also ensures that working parents of today can participate in the economy, helping to achieve the Federal Reserve’s mandate for full employment. While child care in the U.S. is a piece of critical infrastructure, it is often invisible and undervalued. Straddling the lines between parenting, education, and small business, child care does not get the full attention and resources of any particular domain, and its contribution to the economy has been overlooked.Longstanding and widespread constraints in the child care sector ...
Community Development Research Brief
, Volume 2020
, Issue 05
, Pages 09
Working Paper
Women's Labor Force Exits during COVID-19: Differences by Motherhood, Race, and Ethnicity
Lim, Katherine; Zabek, Mike
(2021-10-18)
In this paper, we study declines in women's labor force participation by race and ethnicity as well as the presence of children. We find that increases in labor force exits were larger for Black women, Latinas, and women living with children. In particular, we find larger increases in pandemic-era labor force exits among women living with children under age 6 and among lower-earning women living with school-age children after controlling for detailed job and demographic characteristics. Latinas and Black women also had larger increases in labor force exits during the pandemic relative to ...
Finance and Economics Discussion Series
, Paper 2021-067
Briefing
Pondering Payments: Challenges of Reaching All Americans
George, Esther L.
(2020-06-30)
Policy Perspectives
Journal Article
Assessing Layoffs in Four Midwestern States during the Pandemic Recession
Krolikowski, Pawel; Hernandez-Murillo, Ruben
(2020-08-05)
We use WARN data to assess layoffs in four Midwestern states during the current pandemic-induced recession—Kentucky, Ohio, Pennsylvania, and West Virginia. The data come from the advance layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act. We find that the number of workers affected by layoff announcements rose sharply in the second half of March and April, and unexpected changes in economic conditions meant that workers received little advance notice before layoff. Layoff announcements have affected workers across these four states, and workers in mining ...
Economic Commentary
, Volume 2020
, Issue 21
, Pages 6
Journal Article
The Evolving Relationship between COVID-19 and Financial Distress.
Wilkinson, Olivia; Athreya, Kartik B.; Sanchez, Juan M.; Mustre-del-Rio, Jose
(2021-02-24)
During most of the COVID-19 pandemic, regions with high financial distress saw disproportionately more infections and deaths than regions with low financial distress. As of February 2021, cumulative infections appear more evenly distributed. However, total deaths remain higher in financially distressed regions.
Economic Bulletin
, Issue February 24, 2021
, Pages 3
Labor Day Reflections on the COVID-19 Recovery
Rodgers, William M.
(2021-09-02)
The Institute for Economic Equity’s inaugural director reflects on how U.S. workers and their families are faring today compared with last Labor Day.
On the Economy
Working Paper
COVID-19 Fiscal Support and Its Effectiveness
Chudik, Alexander; Mohaddes, Kamiar; Raissi, Mehdi
(2021-04-06)
This paper uses a threshold-augmented Global VAR model to quantify the macroeconomic effects of countries’ discretionary fiscal actions in response to the Covid-19 pandemic and its fallout. Our results are threefold: (1) fiscal policy is playing a key role in mitigating the effects of the pandemic; (2) all else equal, countries that implemented larger fiscal support are expected to experience less output contractions; (3) emerging markets are also benefiting from the synchronized fiscal actions globally through the spillover channel and reduced financial market volatility.
Globalization Institute Working Papers
, Paper 408
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