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2020 / No. 8
Posted 2020-03-27

Fiscal Policy and COVID-19: Insights from a Quantitative Model

by Miguel Faria e Castro

Unemployment insurance may be the most effective way to help households right now.

2020 / No. 9
Posted 2020-03-27

The Effects of COVID-19 on Unemployment Insurance Claims

by Aaron Amburgey and Serdar Birinci

The increase in unemployment insurance claims appears to be higher for states with relatively more employees in the service sector.

2020 / No. 7
Posted 2020-03-20

COVID-19’s Shock on Firms’ Liquidity and Bankruptcy: Evidence from the Great Recession

by Matthew Famiglietti and Fernando Leibovici

As the pandemic continues, financially vulnerable firms might be at greater risk of closing.

2020 / No. 6
Posted 2020-03-17

Possible Fiscal Policies for Rare, Unanticipated, and Severe Viral Outbreaks

by Bill Dupor

What should guide a fiscal authority in conducting macroeconomic policy in the event of a severe viral outbreak?

2020 / No. 5
Posted 2020-03-06

Geographic Disparity in U.S. Output

by B. Ravikumar and Brian Reinbold

A mere 81 of more than 3,000 counties produced half of total U.S. GDP in 2018.

2020 / No. 4
Posted 2020-02-28

Negative U.S. Interest Rates?

by Christopher J. Neely

Negative rates have many of the same effects as cuts in positive rates but put pressure on banks’ financial conditions, which has restrained their use.

2020 / No. 3
Posted 2020-02-14

Value-Added Trade vs. Gross Trade

by B. Ravikumar and Brian Reinbold

Measuring value-added trade provides a more accurate picture of global trade.

2020 / No. 2
Posted 2020-01-31

The United States as a Global Financial Intermediary and Insurer

by Alexander Monge-Naranjo

In times of global crisis, the rest of the world gains from investing in U.S. assets.

2020 / No. 1
Posted 2020-01-17

The College Wealth Divide Continues to Grow

by Alina K. Bartscher, Moritz Kuhn, and Moritz Schularick

The college wealth premium has increased threefold since the 1970s.