That's Interesting

  • The Bank of Japan’s Responses to the Impact of COVID-19

    Remarks by Governor KURODA at a Webinar Hosted by the Center on Japanese Economy and Business (CJEB) at Columbia Business School (The Bank of Japan’s Responses to the Impact of COVID-19).

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  • Recent COVID-19 Spike and U.S. Employment Slowdown

    The coronavirus pandemic continues to affect employment across the United States. In a previous blog post, we explored the idea of forecasting weekly changes in employment using data from Homebase, a data set that reports changes in employment daily. In this article, we discuss our updated forecasts for employment using this technique and investigate whether the recent changes in the labor market are related to the spike in COVID-19 cases across the country since June.

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  • FRBSF – The Fog of Numbers

    In times of economic turbulence, revisions to GDP data can be sizable, which makes conducting economic policy in real time during a crisis more difficult. A simple model based on Okun’s law can help refine the advance data release of real GDP growth to provide an improved reading of economic activity in real time.

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  • FRBSF – The Rising Cost of Climate Change: Evidence from the Bond Market

    The level of the social discount rate (SDR) is a crucial factor for evaluating the costs of climate change. This paper demonstrates that the equilibrium or steady-state real interest rate is the fundamental anchor for market-based SDRs.

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  • An Unemployment Crisis after the Onset of COVID-19

    The COVID-19 pandemic has upended the U.S. labor market, with massive job losses and a spike in unemployment to its highest level since the Great Depression. How long unemployment will remain at crisis levels is highly uncertain and will depend on the speed and success of coronavirus containment measures.

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  • COVID-19: Another strain for minority-, woman-, and veteran-owned firms

    Minneapolis Fed survey finds a very high share have been negatively affected, and those effects are often substantial

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  • Emi Nakamura interview: On price dynamics, monetary policy, and this “scary moment in history”

    The 2019 John Bates Clark medal winner discusses her extensive body of work, which often focuses on economic shocks and frequently yields unexpected insights

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  • U.S. newspapers have shed half of their newsroom employees since 2008

    Newsroom employment at U.S. newspapers continues to plummet, falling by around half since 2008, according to a new Pew Research Center analysis of Bureau of Labor Statistics data.

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  • Coronavirus could force China to rein in Belt and Road ambitions

    Domestic economic challenges due to COVID-19 are likely to force China to dial back on big-ticket infrastructure projects. But Beijing will not shy away from bankrolling virus-hit countries to score geopolitical gains.

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  • FRBB – Addressing the Economic Effects of the COVID-19 Pandemic

    A perspective from Eric Rosengren, president and CEO of the Federal Reserve Bank of Boston

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