From the editor [0.03%]
编者来信
Charles Steindel
Charles Steindel
Constance L Hunter
Constance L Hunter
It is easy to become dispirited. Despite my concern about the near-term outlook, advising business leaders requires that I look past the pandemic. Akcigit and Ates argue that greater concentration among firms and a slowdown in business dyna...
Roger B Myerson
Roger B Myerson
If countries are not ready for democracy until they have a well-developed civil society, which can take many years to develop, then we need to identify its essential elements, so that their development can be directly encouraged in new demo...
What does the new long-run monetary policy framework imply for the path ahead? [0.03%]
新的长期货币政策框架对前景意味着什么？
Charles L Evans
Charles L Evans
Following a lengthy review, the FOMC recently revised its long-run monetary policy strategy statement, largely in recognition of the persistent threat the effective lower bound (ELB) on policy rates poses to its dual mandate goals. Under tr...
COVID-19, labor demand, and government responses: evidence from job posting data [0.03%]
新冠肺炎、劳动力需求与政府应对：基于招聘启事数据的证据
Xiaobing Shuai,Christine Chmura,James Stinchcomb
Xiaobing Shuai
Using high-frequency job advertisement data, this paper evaluates dynamics among COVID-19, labor market, and government policies. We find that COVID-19 has caused a significant decline in labor demand, by as much as 30%, measured by the num...
Carolyn Evans
Carolyn Evans
The coronavirus crisis has created a profound shift in how people interact and economies function. Policy mandates and fears of becoming infected or infecting others have impelled populations to shelter at home, socially distance, and other...
Patricia C Mosser
Patricia C Mosser
Central bank responses to COVID-19 have been extraordinary in speed, in size and in scope. Much easier monetary policy, massive liquidity provision, and targeted credit support to the real economy all played a role in stabilizing financial ...
Erica L Groshen
Erica L Groshen
This paper summarizes the impact of COVID-19 (through mid-September 2020) on the U.S. labor market through the lens of measures found in monthly Bureau of Labor Statistics' Employment Situation releases. It describes the pandemic's impact t...
Gerald D Cohen
Gerald D Cohen
Measuring the economy during COVID-19 has created a set of hurdles and prospects for the U.S. statistical agencies, the private sector, and academia. This included how to deal with unprecedented movements in economic variables while ensurin...
Tracking the U.S. health sector: the impact of the COVID-19 pandemic [0.03%]
跟踪美国卫生部门：COVID-19大流行的影响
Corwin Rhyan,Ani Turner,George Miller
Corwin Rhyan
Health spending has grown faster than the U.S. economy for decades and currently represents approximately 18% of gross domestic product. As with other sectors of the economy, the COVID-19 pandemic has had a significant impact on this growth...