Showing 1 - 10 of 3,094
We propose a three-step factor-flows simulation-based approach to forecast the duration distribution of unemployment …. Step 1: estimate individual transition hazards across employment, temporary layoff, permanent layoff, quitter, entrant, and … individual duration dependence, factor structure, and an auxiliary forecast of the unemployment rate to simulate a panel of …
Persistent link: https://www.econbiz.de/10012827541
We study the real-time signals provided by the Aruoba-Diebold-Scotti Index of Business conditions (ADS) for tracking economic activity at high frequency. We start with exit from the Great Recession, comparing the evolution of real-time vintage beliefs to a "final" late-vintage chronology. We...
Persistent link: https://www.econbiz.de/10012826653
In the financial crisis and recession induced by the Covid-19 pandemic, many investment-grade firms became unable to borrow from securities markets. In response, the Fed not only reopened its commercial paper funding facility but also announced it would purchase newly issued and seasoned bonds...
Persistent link: https://www.econbiz.de/10013234066
employment and labor force participation for women, who are typically less affected by recessions than men. We examine real time … data on employment, unemployment, labor force participation and gross job flows to document the gendered impact of the … the recovery of employment for the worst hit service occupations …
Persistent link: https://www.econbiz.de/10013238953
the employment outcomes of older workers in the United States. We start by discussing what we know about how older workers … effects of the COVID-19 pandemic and recession on employment and unemployment rates by age group and sex using Current … Population Survey data. We calculate employment and unemployment rates multiple ways to account for the complicated employment …
Persistent link: https://www.econbiz.de/10012829784
show how lowering the cost of serving public debt has been associated with higher real output growth …
Persistent link: https://www.econbiz.de/10013225833
assets. This has immediate effects on output and factor demands because collapsing collateral values cut access to working …
Persistent link: https://www.econbiz.de/10012778286
Emerging economies are characterized by an extremely high prevalence of informality, small-firm employment and jobs not …. Applying our framework to data for Colombia, which exhibits an employment distribution similar to that of other emerging market …. Because informal jobs and those not fit for telework are at higher risk, this number goes down to 33% if the US employment …
Persistent link: https://www.econbiz.de/10012831281
The COVID-19 epidemic in emerging markets risks a combined health, economic, and debt crisis. We integrate a standard epidemiology model into a sovereign default model and study how default risk impacts the ability of these countries to respond to the epidemic. Lockdown policies are useful for...
Persistent link: https://www.econbiz.de/10012832457
This paper deals with COVID and macroprudential regulations in emerging markets. I document the build-up of a sturdy macroprudential structure during 2009-2019, and the relaxation of regulations in 2020-2021, as part of the effort to deal with the sanitary emergency. I show that in every...
Persistent link: https://www.econbiz.de/10013322217