Search Results

Showing results 1 to 10 of approximately 30.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:covid-19 

Working Paper
The Economic Gains from Equity

How much is inequity costing us? Using a simple growth accounting framework we apply standard shift-share techniques to data from the Current Population Survey (1990-2019) to compute the aggregate economic costs of persistent educational and labor market disparities by gender and race. We find significant economic losses associated with these gaps. Building on this finding, we consider which disparities generate the largest costs, paying specific attention to differences in employment, hours worked, educational attainment, educational utilization, and occupational allocation. We also examine ...
Working Paper Series , Paper 2021-11

Journal Article
Impacts of COVID-19 on Nonprofits in the Western United States

Nonprofit organizations play an important role in the response to COVID-19, but the crisis is straining their ability to serve communities. This report summarizes data from a Federal Reserve survey to assess the impact of the pandemic on nonprofit respondents and the communities they serve in the Western United States.
Community Development Research Brief , Issue 03 , Pages 01-08

Journal Article
Child Care, COVID-19, and our Economic Future

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

Journal Article
COVID-19 Impacts on Housing Stability in the Twelfth Federal Reserve District

In the face of layoffs and furloughs due to the COVID-19 pandemic, many renters and homeowners across the country have struggled to make their mortgage or rent payments. Banks have provided flexibility to borrowers through loan deferrals and forbearance during the pandemic. The federal CARES Act provided stimulus payments to low- and moderate-income people and expanded unemployment insurance payments by states, allowing many to continue paying their bills during the early months of the pandemic. The CARES Act also included rental assistance to be disbursed by states, a moratorium on evictions ...
Community Development Research Brief , Volume 2020 , Issue 06 , Pages 06

Journal Article
Average-Inflation Targeting and the Effective Lower Bound

In response to the COVID-19 pandemic, the Federal Reserve cut the federal funds rate to essentially zero. It took further measures to support the functioning of financial markets and the flow of credit. Nevertheless, the economic downturn is putting downward pressure on inflation, which had already been running below the Fed’s 2% target for several years. This raises additional concerns that inflation expectations could decline and push inflation down further, ultimately hampering economic activity. A monetary policy framework based on average-inflation targeting could help address these ...
FRBSF Economic Letter , Volume 2020 , Issue 22 , Pages 01

Speech
3D Public Servants: The Courage to Be Human

Online, prerecorded video presentation at South by Southwest (SXSW), by Mary C. Daly, President and CEO, Federal Reserve Bank of San Francisco, April 16, 2020.
Speech

Working Paper
A Simple Framework to Monitor Inflation

This paper proposes a simple framework to help monitor and understand movements in PCE inflation in real time. The approach is to decompose inflation using simple categorical-level regressions or systems of equations. The estimates are then used to group categories into components of PCE inflation. I review some applications of the methodology, and show how it can help explain inflation dynamics over recent episodes. The methodology shows that inflation remained low in the mid-2010s primarily because of factors unrelated to aggregate economic conditions. I also apply the methodology to ...
Working Paper Series , Paper 2020-29

Briefing
What Makes Supply Chains More Resilient to Economic Shocks?

The recent supply chain disruptions caused by COVID-19 lockdowns highlighted the importance of understanding supply chain resilience, which is the extent to which supply chains can resist, adapt to and recover from a sudden economic shock. We analyze the various COVID-19 lockdowns across India to understand which supply chains were more resilient to the lockdown disruptions. Firms that bought more complex products and that transacted with fewer and more important suppliers proved to be more resilient by maintaining buyer-supplier relationships through the lockdowns and exhibiting smaller ...
Richmond Fed Economic Brief , Volume 22 , Issue 46

Journal Article
Coronavirus and the Risk of Deflation

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

Journal Article
Temporary Layoffs and Unemployment in the Pandemic

Temporary layoffs accounted for essentially the entire increase in unemployment to its historically high rate in April 2020. Although the rate has come down since its peak, unemployment remains well above pre-pandemic levels. There is little evidence that temporary layoffs are becoming permanent at a higher rate than in the past. However, the continuation of the health and economic crisis poses a risk that a growing share of unemployment will consist of people in persistent categories of joblessness, thereby slowing the overall recovery.
FRBSF Economic Letter , Volume 2020 , Issue 34 , Pages 01-05

FILTER BY year

FILTER BY Content Type

Journal Article 18 items

Working Paper 6 items

Briefing 2 items

Speech 2 items

Newsletter 1 items

Report 1 items

show more (1)

FILTER BY Author

FILTER BY Jel Classification

E24 3 items

D63 1 items

E01 1 items

E23 1 items

E32 1 items

E43 1 items

show more (17)

FILTER BY Keywords

PREVIOUS / NEXT