Search Results

Showing results 1 to 10 of approximately 114.

(refine search)

The Impact of the Pandemic on Cultural Capital in the Finance Industry

Remarks at the Risk USA Conference (delivered via videoconference).

Journal Article
All the City Was Dying

The Spanish flu pandemic of 1918-1919 was a major social and economic shock
Econ Focus , Issue 2Q , Pages 30-33

The Main Street Lending Program and Other Federal Reserve Actions

Today I’ll focus on two of the Federal Reserve’s lending programs being run by the Boston Fed: the Money Market Mutual Fund Liquidity Facility and the Main Street Lending Program.

Discussion Paper
Severe Supply Disruptions Are Impeding Business Activity in the Region

As the economy continues to recover from the pandemic recession, many businesses are struggling to keep up with surging demand amid widespread supply shortages and delays. While a rare phenomenon before the pandemic, supply chain disruptions have become increasingly common, with transportation of goods becoming especially tricky due to myriad issues such as clogged ports and difficulty finding truck drivers. Indeed, such supply disruptions are expected to continue into next year. Our October regional business surveys asked firms to what extent, if any, they are being affected by supply ...
Liberty Street Economics , Paper 20211021

Working Paper
Home Production and Leisure During the COVID-19 Recession

Between the months of February and April of 2020, average weekly market hours dropped by 6.25, meanwhile 35% of commuting workers reported switching to remote work arrangements. In this paper, we examine implications of these changes for the time allocation of different households, and on aggregate. We estimate that home production activity increased by 2.1 hours a week, or 34% of lost market hours, whereas leisure activity increased by 3.8 hours a week. The monthly value of home production increased by $30.83 billion – that is 10.5% of the concurrent $292.61 billion drop in monthly GDP. ...
Working Papers , Paper 2020-025

The COVID-19 Pandemic, the Economic Outlook, and the Main Street Lending Program

Unfortunately, the economic outlook is being driven by the course of the pandemic, and much depends on how successfully it can be contained, either through public health or medical innovations. The forecast for the U.S. economy this fall is quite uncertain, but President Rosengren's view is that the recent slowdown in economic activity that we have seen in high frequency data is likely to continue. Currently, we have an unemployment rate above 10 percent, and because of the continued community spread of the virus, he is concerned that the pandemic will limit the ability of the economy to ...

The Economic Outlook: Getting Back to "More Like Normal"

Remarks at One Hundred Black Men of New York (delivered via videoconference).

Journal Article
Labor Productivity in a Pandemic

U.S. labor productivity has grown quickly during the pandemic compared with the past decade. However, this rapid pace is unlikely to be sustained. Similar to the Great Recession, the primary reasons for strong productivity growth now are cyclical effects that are likely to unwind as the economy continues to recover. For example, the number of workers has fallen, so capital per worker has risen—raising labor productivity in the short term. What effect the pandemic itself might have on productivity remains uncertain.
FRBSF Economic Letter , Volume 2021 , Issue 22 , Pages 01-05

The Fed’s Emergency Facilities: Usage, Impact, and Early Lessons

Remarks at Hudson Valley Pattern for Progress (delivered via videoconference).

Journal Article
News Sentiment in the Time of COVID-19

The COVID-19 pandemic is causing severe disruptions to daily life and economic activity. Reliable assessments of the economic fallout in this rapidly evolving situation require timely data. Existing sentiment indexes are useful indicators of current and future spending but are only available with a lag or have a short history. A new Daily News Sentiment Index provides a way to measure sentiment in real time from 1980 to today. Compared with survey-based measures of consumer sentiment, this index shows an earlier and more pronounced drop in sentiment in recent weeks.
FRBSF Economic Letter , Volume 2020 , Issue 08 , Pages 05


FILTER BY Content Type

Discussion Paper 45 items

Speech 38 items

Working Paper 19 items

Journal Article 9 items

Report 2 items

Briefing 1 items

show more (1)


Williams, John C. 16 items

Rosengren, Eric S. 10 items

Deitz, Richard 9 items

Abel, Jaison R. 8 items

Van der Klaauw, Wilbert 8 items

Bram, Jason 7 items

show more (98)

FILTER BY Jel Classification

E32 10 items

D14 8 items

I14 7 items

I15 7 items

I18 7 items

R10 7 items

show more (55)

FILTER BY Keywords

pandemic 114 items

COVID-19 102 items

employment 15 items

inflation 15 items

monetary policy 14 items

Federal Reserve 12 items

show more (298)