Search Results
Showing results 1 to 10 of approximately 58.
(refine search)
Working Paper
Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19
Kozlowski, Julian; Venkateswaran, Venky; Veldkamp, Laura
(2020-04-14)
The largest economic cost of the COVID-19 pandemic could arise if it changed behavior long after the immediate health crisis is resolved. A common explanation for such a long-lived effect is the scarring of beliefs. We show how to quantify the extent of such belief changes and determine their impact on future economic outcomes. We find that the long-run effect of the COVID crisis depends crucially on whether bankruptcies and changes in habit make existing capital obsolete. A policy that avoided most permanent separation of workers from capital could generate a much larger benefit than ...
Working Papers
, Paper 2020-009
Journal Article
The Uncertainty Channel of the Coronavirus
Liu, Zheng; Leduc, Sylvain
(2020-03-30)
The outbreak of the novel coronavirus, or COVID-19, has severely disrupted economic activity through various supply and demand channels. The pandemic can also have pervasive economic impact by raising uncertainty. In the past, sudden and outsized spikes in uncertainty have led to large and protracted increases in unemployment and declines in inflation. These effects are similar to those resulting from declines in aggregate demand. Monetary policy accommodation, such as interest rate cuts, can help cushion the economy from such uncertainty shocks.
FRBSF Economic Letter
, Volume 2020
, Issue 07
, Pages 05
V-Shaped Recovery Eludes G-7 Countries
Wen, Yi; Arbogast, Iris
(2020-11-16)
Economic growth should overshoot its long-run trend to make up for the downturn caused by the pandemic. So far, this hasn’t happened.
On the Economy
Working Paper
Disparities and Mitigation Behavior during COVID-19
Wozniak, Abigail
(2020-05-13)
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
Discussion Paper
COVID-19, Workers, and Policy
Andreason, Stuart
(2020-03-18)
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
Journal Article
Coronavirus and the Risk of Deflation
Christensen, Jens H. E.; Zhu, Simon; Gamble, James M.
(2020-05-11)
The pandemic caused by COVID-19 represents an unprecedented negative shock to the global economy that is likely to severely depress economic activity in the near term. Could the crisis also put substantial downward pressure on price inflation? One way to assess the potential risk to the inflation outlook is by analyzing prices of standard and inflation-indexed government bonds. The probability of declining price levels—or deflation—among four major countries within the next year indicates that the perceived risk remains muted, despite the recent economic turmoil.
FRBSF Economic Letter
, Volume 2020
, Issue 11
, Pages 5
How Does the Pandemic Recession Stack Up against the Great Depression?
Wheelock, David C.
(2020-10-19)
The 2020 recession may turn out to be the sharpest, but also the shortest, in modern times and perhaps of all time in the U.S.
On the Economy
Discussion Paper
The Coronavirus Shock Looks More like a Natural Disaster than a Cyclical Downturn
Bram, Jason; Deitz, Richard
(2020-04-10)
It’s tempting to compare the economic fallout from the coronavirus pandemic to prior business cycle downturns, particularly the Great Recession. However, such comparisons may not be particularly apt—as evidenced by the unprecedented surge in initial jobless claims over the past three weeks. Recessions typically develop gradually over time, reflecting underlying economic and financial conditions, whereas the current economic situation developed suddenly as a consequence of a fast-moving global pandemic. A more appropriate comparison would be to a regional economy suffering the effects of a ...
Liberty Street Economics
, Paper 20200410a
Discussion Paper
New York Fed Surveys: Business Activity in the Region Sees Historic Plunge in April
Bram, Jason; Abel, Jaison R.; Deitz, Richard
(2020-04-16)
Indicators of regional business activity plunged to historic lows in early April, as efforts to slow the spread of the coronavirus kept many people at home and shut down large parts of the regional economy, according to the Federal Reserve Bank of New York’s two business surveys. The headline index for both surveys plummeted to nearly -80, well below any historical precedent including the depths of the Great Recession. About 60 percent of service firms and more than half of manufacturers reported at least a partial shutdown of their operations thus far. Layoffs were widespread, with half of ...
Liberty Street Economics
, Paper 20200416a
Financing the U.S. Response to COVID-19
Martin, Fernando M.
(2020-12-01)
The Fed has been the biggest buyer of Treasury debt issued to pay for the federal government's COVID-19 response.
On the Economy
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of St. Louis 35 items
Federal Reserve Bank of New York 10 items
Federal Reserve Bank of Atlanta 3 items
Federal Reserve Bank of Dallas 3 items
Federal Reserve Bank of Minneapolis 3 items
Federal Reserve Bank of San Francisco 3 items
Federal Reserve Bank of Boston 1 items
show more (2)
show less
FILTER BY Series
On the Economy 32 items
Liberty Street Economics 9 items
FRBSF Economic Letter 3 items
Globalization Institute Working Papers 3 items
Speech 2 items
Workforce Currents 2 items
Economic Synopses 1 items
FRB Atlanta Working Paper 1 items
New England Public Policy Center Regional Brief 1 items
Opportunity and Inclusive Growth Institute Working Papers 1 items
Quarterly Review 1 items
Staff Report 1 items
Working Papers 1 items
show more (8)
show less
FILTER BY Content Type
Discussion Paper 11 items
Blog 9 items
Working Paper 6 items
Journal Article 5 items
Speech 2 items
Briefing 1 items
Report 1 items
show more (2)
show less
FILTER BY Author
Bram, Jason 4 items
Ricketts, Lowell R. 4 items
Birinci, Serdar 3 items
Deitz, Richard 3 items
Hur, Sewon 3 items
Leukhina, Oksana 3 items
Abel, Jaison R. 2 items
Amburgey, Aaron 2 items
Bharadwaj, Asha 2 items
Boshara, Ray 2 items
Dvorkin, Maximiliano 2 items
Fleming, Michael J. 2 items
Gascon, Charles S. 2 items
Karahan, Fatih 2 items
Kent, Ana Hernández 2 items
Kozlowski, Julian 2 items
Leibovici, Fernando 2 items
Martin, Fernando M. 2 items
Sanchez, Juan M. 2 items
Santacreu, Ana Maria 2 items
Sarkar, Asani 2 items
Werner, Devin 2 items
White, Carl 2 items
Yu, Zhixiu 2 items
Altig, David E. 1 items
Andreason, Stuart 1 items
Arbogast, Iris 1 items
Athreya, Kartik B. 1 items
Atkeson, Andrew 1 items
Baker, Scott R. 1 items
Bandyopadhyay, Subhayu 1 items
Barrero, Jose Maria 1 items
Belmudes, Lucas 1 items
Bloom, Nick 1 items
Bullard, James B. 1 items
Bunn, Philip 1 items
Caviness, Elizabeth 1 items
Chen, Scarlet 1 items
Chiumenti, Nicholas 1 items
Christensen, Jens H. E. 1 items
Covington, Meredith 1 items
Davis, Steven J. 1 items
Dupor, Bill 1 items
Emmons, William R. 1 items
Famiglietti, Matthew 1 items
Faria-e-Castro, Miguel 1 items
Gamble, James M. 1 items
Grittayaphong, Praew 1 items
Hall, Robert E. 1 items
Higgins, Matthew 1 items
Hong, Sungki 1 items
Jones, Charles I. 1 items
Klenow, Peter J. 1 items
Klitgaard, Thomas 1 items
Leduc, Sylvain 1 items
Liu, Zheng 1 items
Mercan, Yusuf 1 items
Meyer, Brent 1 items
Mihaylov, Emil 1 items
Mizen, Paul 1 items
Monge-Naranjo, Alexander 1 items
Mongey, Simon 1 items
Mustre-del-Rio, Jose 1 items
Neely, Christopher J. 1 items
Neumeyer, Pablo Andrés 1 items
Oates, Jane 1 items
Parker, Nicholas B. 1 items
Pilossoph, Laura 1 items
Restrepo-Echavarria, Paulina 1 items
Ruela, Francisco 1 items
Schmitz, Amelia 1 items
See, Kurt 1 items
Smietanka, Pawel 1 items
Sun, Qiuhan 1 items
Thwaites, Gregory 1 items
Van Horn, Carl 1 items
Van Tassel, Peter 1 items
Veldkamp, Laura 1 items
Venkateswaran, Venky 1 items
Weinberg, Alexander 1 items
Wen, Yi 1 items
Wheelock, David C. 1 items
Wilkinson, Olivia 1 items
Williams, John C. 1 items
Wilson, Daniel J. 1 items
Wozniak, Abigail 1 items
Zhu, Simon 1 items
show more (82)
show less
FILTER BY Jel Classification
E32 4 items
I15 4 items
R10 4 items
D62 3 items
E21 3 items
E62 3 items
I14 3 items
G1 2 items
I18 2 items
A14 1 items
D80 1 items
D84 1 items
E2 1 items
E22 1 items
E5 1 items
E52 1 items
E66 1 items
F62 1 items
G18 1 items
I1 1 items
J0 1 items
J01 1 items
J10 1 items
J15 1 items
J38 1 items
J81 1 items
J83 1 items
L50 1 items
show more (23)
show less
FILTER BY Keywords
coronavirus 58 items
COVID-19 54 items
pandemic 9 items
unemployment 9 items
employment 6 items
labor 6 items
labor market 6 items
hfs 5 items
recession 5 items
Federal Reserve 4 items
center for household financial stability 3 items
covid19 3 items
Great Recession 3 items
cares act 3 items
banking 2 items
debt 2 items
delinquency 2 items
diversity 2 items
economic activity 2 items
economic resilience 2 items
fiscal policy 2 items
gdp 2 items
gender 2 items
home production 2 items
housing 2 items
liquidity 2 items
mitigation 2 items
prices 2 items
rare events 2 items
rent 2 items
serious delinquency 2 items
supervising financial institutions 2 items
tail risk 2 items
tradeoffs 2 items
ABS 1 items
Business surveys 1 items
International Energy Agency (IEA) 1 items
Katrina 1 items
NEPPC 1 items
New England 1 items
OPEC 1 items
Term Asset-Backed Securities Loan Facility (TALF) 1 items
Treasury securities 1 items
United States 1 items
asset backed securities 1 items
bank examinations 1 items
belief-drive business cycles 1 items
belief-driven business cycles 1 items
bond indexes 1 items
bonds 1 items
business cycle 1 items
business survey 1 items
census 1 items
central banking 1 items
coincident employment index 1 items
consumer spending 1 items
consumption 1 items
contraction 1 items
deficit 1 items
deflation 1 items
delinquencies 1 items
demographics 1 items
disaster 1 items
dollar swap lines 1 items
economic growth 1 items
economic history 1 items
economic impact 1 items
economic impacts 1 items
economic outlook 1 items
education 1 items
emergency lending 1 items
exports 1 items
family wealth 1 items
federal funds rate 1 items
fima repo facility 1 items
financial crisis 1 items
financial distress 1 items
financial markets 1 items
financial sector 1 items
fiscal stimulus 1 items
flexible work arrangements 1 items
foreign and international monetary authorities repo facility 1 items
forward-looking uncertainty measures 1 items
fracking 1 items
gender gap 1 items
global economy 1 items
great depression 1 items
high-frequency data 1 items
homebase 1 items
hours worked 1 items
household financial stability 1 items
housing distress 1 items
immigration 1 items
imports 1 items
inequality 1 items
infections 1 items
initial claims 1 items
jobless claims 1 items
labor force 1 items
macroeconomic impacts 1 items
medical goods 1 items
monetary policy 1 items
mortgage 1 items
mortgages 1 items
municipal bonds 1 items
occupations 1 items
oil 1 items
pandemics 1 items
paycheck protection program 1 items
public debt 1 items
real estate 1 items
recovery 1 items
regional 1 items
risk management 1 items
sars 1 items
small business 1 items
small business administration 1 items
social distancing 1 items
social policy 1 items
supply 1 items
target range 1 items
testing 1 items
trade 1 items
trade deficit 1 items
treasury 1 items
unauthorized immigration 1 items
uncertainty 1 items
unemployment insurance 1 items
volatility 1 items
wealth inequality 1 items
women 1 items
workers 1 items
working proximity 1 items
yields 1 items
show more (133)
show less