Search Results

Showing results 1 to 10 of approximately 24.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:recovery OR Recovery 

Journal Article
Do Longer Expansions Lead to More Severe Recessions?

We are now in one of the longest expansions on record. The recession that preceded that expansion was one of the worst in history. Are those two facts related? Some economists suggest they are, while others suggest it?s the other way around: Longer expansions lead to more severe recessions. We assess the evidence for these two hypotheses. We find clear evidence for the former and little for the latter. Deeper recessions are often followed by stronger recoveries, while longer and stronger expansions are not followed by deeper recessions.
Economic Commentary , Issue January

Journal Article
Banking recovery could be vulnerable to interest rate increases

The earnings on assets?generally loans?may not respond as rapidly as the cost of funds?deposits?leading to declining profits.
Southwest Economy , Issue Q2 , Pages 10-13

Working Paper
Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?

It is a remarkable fact about the historical US business cycle that, after unemployment reached its peak in a recession, and a recovery began, the annual reduction in the unemployment rate was stable at around 0.55 percentage points per year. The economy seems to have had an irresistible force toward restoring full employment. There was high variation in monetary and fiscal policy, and in productivity and labor-force growth, but little variation in the rate of decline of unemployment. We explore models of the labor market's self-recovery that imply gradual working off of unemployment ...
Working Paper Series , Paper 2020-20

Working Paper
Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?

It is a remarkable fact about the historical US business cycle that, after unemployment reached its peak in a recession, and a recovery began, the annual reduction in the unemployment rate was stable at around 0.55 percentage points per year. The economy seems to have had an irresistible force toward restoring full employment. There was high variation in monetary and fiscal policy, and in productivity and labor-force growth, but little variation in the rate of decline of unemployment. We explore models of the labor market's self-recovery that imply gradual working off of unemployment ...
Working Paper Series , Paper 20

Speech
The Economy’s Outlook, Challenges, and Way Forward

Recent economic data have been encouraging, but President Rosengren believes the most difficult part of the recovery is still ahead of us. A full recovery probably requires the availability of vaccines and more effective treatments for the virus because until then, many businesses and households are unlikely to return to more normal spending habits. While he anticipates a slowly improving economy, economic activity still faces serious headwinds. Potential financial impediments and challenges in the labor market make the recovery process more gradual than any of us would prefer. Improvement in ...
Speech

Speech
The Economy’s Outlook, Challenges, and Way Forward

President Rosengren’s comments were delivered at the Massachusetts Bankers Association’s New England Conference, and were based on a speech he delivered on September 23, 2020 to the Boston Economic Club.
Speech

Speech
Financial Stability Factors and the Severity of the Current Recession [UBS European Virtual Conference]

Economic shocks happen, but the severity of the consequences depends on how fragile, or susceptible to financial instability, the economy was prior to the shock. In the U.S., excessive risk-taking behavior prior to COVID-19 is likely to delay the recovery, even though the initial response by fiscal and monetary policymakers was a prompt and substantial mitigant.
Speech

Speech
Financial Stability Factors and the Severity of the Current Recession [Annual Robert Glauber Lecture]

With many central banks focused on keeping interest rates low for an extended period to achieve their mandates – for example in the last recovery – it is particularly important to watch for reaching-for-yield behavior and excessive risk-taking. Easy monetary policy requires more guardrails protecting against rising financial stability risks. Without financial stability governance and tools, recessions have the potential to be more severe and fall disproportionately on those that can least afford it. And the recessions are likely to be deeper and longer, requiring more fiscal and monetary ...
Speech

Speech
The Economic Outlook – Optimism Despite the Challenges Ahead

We enter 2021 with some optimism. The pandemic is likely to continue to be a problem for public health and the economy until widespread vaccinations take hold. Nonetheless, with substantial fiscal and monetary support, I expect a robust recovery starting in the second half of this year. I also expect that short-term interest rates near zero will be appropriate throughout this year, and that the Federal Reserve will continue to purchase long-term assets until the economy is on a stronger economic footing.
Speech

Speech
Perspectives on the Eventual Economic Recovery

The past year with the pandemic has been grueling. Eleven months after the initial outbreak, economic outcomes for individuals and businesses still remain closely tied to finding and implementing effective public health policy. However, with the successful development of multiple vaccines, it is now possible to imagine much better macroeconomic outcomes ahead. My view is that policymakers must work to ensure that the benefits of the eventual recovery are widely shared. As I’ve mentioned, I believe that as we think about recovery from the pandemic, we should take the time to look for ways ...
Speech

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Jel Classification

E32 2 items

G21 2 items

J63 2 items

J64 2 items

E21 1 items

E2;J00;R1 1 items

show more (6)

FILTER BY Keywords

recovery 24 items

COVID-19 13 items

pandemic 7 items

employment 7 items

recession 7 items

economic outlook 4 items

show more (75)

PREVIOUS / NEXT