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The COVID-19 Recession in Historical Perspective
Restrepo-Echavarria, Paulina; Neumeyer, Pablo Andrés; Belmudes, Lucas (2020-11-12)
How severe is the COVID-19 recession across the globe? An analysis compares GDP growth forecasts for 2020 with historical growth rates for 155 countries.
On the Economy

COVID-19’s Impact on U.S. Home Production
Leukhina, Oksana; Yu, Zhixiu (2021-01-19)
The large drop in weekly work hours during the pandemic led to increased time spent on activities like cooking and child care.
On the Economy

Employment Losses in Contact-Intensive Industries
Famiglietti, Matthew; Leibovici, Fernando; Santacreu, Ana Maria (2020-12-03)
The COVID-19 pandemic has had uneven effects on employment across industries. Nonessential contact-intensive industries have experienced the largest job losses.
On the Economy

Briefing
Impact of the COVID-19 Pandemic on New England Homeowners and Renters
Chiumenti, Nicholas (2020-05-18)
Job losses and likely layoffs related to the COVID-19 pandemic will put many New England residents at risk of not being able to pay their mortgage or rent and needing financial assistance and state-government safeguards to remain in their homes. Economic interventions from Congress, primarily through the federal CARES Act, include direct payments to households and increased unemployment insurance benefits that are expected to provide vital support to many of these households for the next three to four months. Even with these efforts, 2 to 3 percent of New England homeowners and 9 to 13 ...
New England Public Policy Center Regional Brief , Paper 2020-02

Discussion Paper
Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak
Abel, Jaison R.; Bram, Jason; Deitz, Richard (2020-03-30)
As a result of the coronavirus outbreak, New York State, New Jersey, and Connecticut have closed nonessential businesses and schools and asked residents to stay home in an effort to slow the spread of the virus. These actions are unprecedented, and the economic impacts are likely to be temporary but severe, and difficult to track and measure. With conditions changing so rapidly, timely data on the economic impacts of the outbreak and resultant policies on businesses and people are both scarce and important. In this post, we provide some very recent information on the economic effects of the ...
Liberty Street Economics , Paper 20200330a

Tracking the Economic Impact of the Pandemic Using High-Frequency Data
Gascon, Charles S.; Schmitz, Amelia (2020-10-15)
High-frequency data can provide a quicker snapshot of economic conditions than data that take weeks or months to become available.
On the Economy

Housing Distress in the Time of COVID-19
Ricketts, Lowell R. (2020-08-03)
As of late July, 12.5% of Americans were experiencing housing distress. Which groups are experiencing the most housing distress?
On the Economy

Working Paper
The Distributional Effects of COVID-19 and Optimal Mitigation Policies
Hur, Sewon (2020-10-23)
This paper develops a quantitative heterogeneous agent–life cycle model with a fully integrated epidemiological model in which economic decisions affect the spread of COVID-19 and, conversely, the virus affects economic decisions. The calibrated model is used to study the distributional consequences and effectiveness of two mitigation policies: a stay-at-home subsidy that subsidizes reduced hours worked and a stay-at-home order that limits outside hours. First, the stay-at-home subsidy is preferred because it reduces deaths by more and output by less, leading to a larger average welfare ...
Globalization Institute Working Papers , Paper 400

Did the Fed’s Dollar Swap Lines Work?
Werner, Devin; Hong, Sungki (2020-11-24)
In March, the Federal Reserve took steps to increase the supply of dollars to foreign markets to ensure liquidity and lessen volatility. Did the policies work?
On the Economy

A Tale of Two Business Cycles during the Pandemic
Dupor, Bill (2020-12-21)
A Census household survey and BEA data on personal income paint different pictures of the U.S. economy.
On the Economy

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