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Newsletter
The Stay-at-Home Labor Market: Google Searches, Unemployment Insurance, and Public Health Orders
Butters, R. Andrew; Aaronson, Daniel; Brave, Scott A.; Fogarty, Michael
(2020)
This article looks at the relationships between internet searches for unemployment-related terms, unemployment insurance (UI), and the public health orders issued in the U.S. during the Covid-19 pandemic. We find that Google searches for unemployment-related subjects surged before the record increase in initial UI claims, which in turn peaked before the public health orders were implemented. As of mid-April 2020, these orders covered the vast majority of the U.S. population. Since then, the rates of increase in both search activity and initial UI claims have slowed.
Chicago Fed Letter
, Issue 436
Working Paper
The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis
Arbogast, Iris; Dupor, Bill
(2023-02-08)
This paper uses the asynchronous cessation of emergency unemployment benefits (EUB) in 2021 to investigate the jobs impact of ending unemployment benefits. While some states stopped providing EUB in September, others stopped as early as June. Using the cessation month as an instrument, we estimate the effect on employment of reducing unemployment rolls. In the second month following a state’s program termination, for every 100 person reduction in beneficiaries, state employment causally increased by about 27 persons. The effect is statistically different from zero and robust to a wide array ...
Working Papers
, Paper 2022-010
Speech
From Gaps to Growth: Equity as a Path to Prosperity
Daly, Mary C.
(2021-09-29)
Presentation to UCLA Anderson Forecast Webinar, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco, September 29, 2021
Speech
Journal Article
The Lost Weeks of COVID-19 Testing in the United States: Part I
Peake, Makenzie; Vandenbroucke, Guillaume; Ravikumar, B.
(2020-04-22)
The weeks lost due to inaction in the U.S. during the early stages of the COVID-19 pandemic resulted in rationing of tests and a large number of confirmed cases.
Economic Synopses
, Issue 24
Journal Article
College Freshman Enrollment Drops during Pandemic
Leukhina, Oksana; Werner, Devin
(2021-03-02)
First-time college enrollment declined significantly in 2020—a stark contrast with what traditionally happens during recessions.
The Regional Economist
, Volume 29
, Issue 1
Newsletter
What is Business Interruption Insurance and How is it Related to the Covid-19 Pandemic?
Ramnath, Shanthi
(2020-04)
After nonessential businesses shut down their operations to slow the spread of the Covid-19 virus in March 2020, many business owners looked to their property insurance policies for relief. Such policies often include business interruption (BI) insurance, which covers income losses if a business is forced to close. Given the shelter-in-place orders issued by state and local governments, BI coverage was assumed by many to apply. For example, Greg Wells, the chief executive of Atlantic Coast Athletic Clubs (ACAC), told the Washington Post: “That’s what you have this type of insurance for. ...
Chicago Fed Letter
, Issue 440
, Pages 5
Journal Article
The Year of Living Dangerously: The COVID-19 Shock and the Probability of Deflation
Kliesen, Kevin L.
(2020-04-09)
With inflation currently low, the probability that it turns negative (deflation) will likely increase over the near term.
Economic Synopses
, Issue 14
Briefing
Evictions in New England and the Impact of Public Policy during the COVID-19 Pandemic
Chiumenti, Nicholas
(2022-12-15)
To stave off a flood of evictions during the COVID-19 pandemic, which was the feared outcome when millions of renting households were suddenly unemployed, Congress and many states implemented policies that included eviction moratoriums and federally funded rental-assistance programs. These programs succeeded in keeping millions of renters housed and driving eviction rates down in the early months of the pandemic. The number of evictions filed in New England declined 56 percent in 2020 and 39 percent in 2021 compared with the average number of evictions filed annually from 2017 through ...
New England Public Policy Center Regional Brief
, Paper 2022-2
Journal Article
COVID-19: Fiscal Implications and Financial Stability in Developing Countries
Grittayaphong, Praew; Restrepo-Echavarria, Paulina
(2023-07-14)
The COVID-19 pandemic has been unlike any other crisis that we have experienced in that it hit all economies in the world at the same time, compromising the risk-sharing ability of nations. At the onset of the pandemic, the World Bank (WB) and the International Monetary Fund (IMF) jointly pledged 1.16 trillion U.S. dollars to help emerging economies deal with COVID-19. Would this amount have been enough to preserve financial stability in a worst case scenario, and what were the fiscal implications of the pandemic? In this article we aim to answer these questions by documenting the size of the ...
Review
, Volume 105
, Issue 3
, Pages 137-149
Discussion Paper
Consumers Increasingly Expect Additional Government Support amid COVID-19 Pandemic
Koşar, Gizem; Smith, Kyle; Van der Klaauw, Wilbert
(2020-05-26)
The New York Fed’s Center for Microeconomic Data released results today from its April 2020 SCE Public Policy Survey, which provides information on consumers' expectations regarding future changes to a wide range of fiscal and social insurance policies and the potential impact of these changes on their households. These data have been collected every four months since October 2015 as part of our Survey of Consumer Expectations (SCE). Given the ongoing COVID-19 pandemic, households face significant uncertainty about their personal situations and the general economic environment when forming ...
Liberty Street Economics
, Paper 20200526b
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