Search Results

SORT BY: PREVIOUS / NEXT
Keywords:economic activity 

Journal Article
Does Fiscal Stimulus Work when Recessions Are Caused by Too Much Private Debt?

We argue that fiscal stimulus funded by public debt is effective for increasing economic activity and employment even in recessions that are caused by overborrowing in the private sector. We analyze the impact of government spending on local economies between 2007 and 2009 and find evidence that the fiscal multiplier is higher in geographical areas characterized by higher individual household debt. The higher multiplier in those areas might be attributed to a direct increase in both household consumption and local economic slack.
Economic Commentary , Issue August

Texas economic activity expands modestly; labor market remains healthy

Texas economic activity expanded at a modest pace in April. While the manufacturing sector rebounded, the service sector slowed. Texas employment growth was moderate in the first quarter, slightly above the state’s roughly 2 percent long-run trend, and the unemployment rate held steady.
Dallas Fed Economics

Journal Article
Reforma Energética: Mexico takes first steps to overhaul oil industry

The fiscal health of the Mexican government and the living standards of Mexico?s citizens are inextricably tied to that of Pemex, making declining crude oil production over the past decade a particularly troubling sign for many in Mexico.
Southwest Economy , Issue Q2 , Pages 16-19

Report
President's Message: Reflections on the Pandemic at the One-Year Mark

Efforts intended to contain the pandemic caused a sharp reduction in economic activity. U.S. monetary and fiscal policy responses were significant and effective.
Annual Report

Journal Article
How Strongly Are Local Economies Tied to COVID-19?

The relationship between economic activity and local COVID-19 conditions—infections and deaths—has changed over time. While activity was strongly tied to local virus conditions during the first six to nine months of the pandemic, they decoupled in late 2020 through the first half of 2021. This link strengthened again in the third quarter of 2021, particularly for highly vaccinated counties. One possible interpretation of this restrengthening is that areas with high vaccination rates have heightened virus risk aversion and hence high sensitivity to changes in local virus conditions.
FRBSF Economic Letter , Volume 2021 , Issue 30 , Pages 5

Service sector leads Texas gains; firms say credit constraints not binding

Texas economic activity expanded at a modest pace in May, driven by the service sector. Texas employment growth picked up, and the unemployment rate nudged up to 4.0 percent in April from 3.9 percent in March.
Dallas Fed Economics

How Does the Pandemic Recession Stack Up against the Great Depression?

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

Journal Article
The Fog of Numbers

In times of economic turbulence, revisions to GDP data can be sizable, which makes conducting economic policy in real time during a crisis more difficult. A simple model based on Okun’s law can help refine the advance data release of real GDP growth to provide an improved reading of economic activity in real time. Applying this to data from the Great Recession explains some of the massive GDP revisions at that time. This could provide a guide for possible revisions to GDP releases during the current coronavirus crisis.
FRBSF Economic Letter , Volume 2020 , Issue 20 , Pages 5

Briefing
Understanding Diffusion Indexes: Insights and Applications

Diffusion indexes (DIs) are statistics that offer timely glimpses into the state of the economy.1 Frequently constructed from responses to qualitative surveys, these indexes provide a snapshot of the direction and breadth of change in key economic variables.Typically, these surveys ask participants to report whether a specific variable — such as employment or business conditions — improved, declined or remained unchanged compared to a previous period. The responses are then aggregated to calculate a DI, often expressed as a percentage. A DI above a certain threshold — which varies ...
Richmond Fed Economic Brief , Volume 25 , Issue 5

Journal Article
Economic Activity during the COVID-19 Pandemic: A Model with “Acquired Immunity”

We calibrate a macroeconomic model with epidemiological restrictions using Colombian data. The key feature of our model is that a portion of the population is immune and cannot transmit the virus, which improves substantially the fit of the model to the observed contagion and economic activity data. The model implies that during 2020, government restrictions and the endogenous changes in individual behavior saved around 15,000 lives and decreased consumption by about 4.7 percent. The results suggest that most of this effect was the result of government policies.
Review , Volume 104 , Issue 1 , Pages 1-16

FILTER BY year

FILTER BY Content Type

Journal Article 12 items

Discussion Paper 3 items

Working Paper 2 items

Briefing 1 items

Report 1 items

Speech 1 items

show more (1)

FILTER BY Author

FILTER BY Jel Classification

E32 2 items

I1 2 items

C22 1 items

E01 1 items

E1 1 items

E3 1 items

show more (9)

FILTER BY Keywords

PREVIOUS / NEXT