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How Did COVID-19 and Stabilization Policies Affect Spending and Employment? A New Real-Time Economic Tracker Based on Private Sector Data
Chetty, Raj - 2020
We build a publicly available platform that tracks economic activity at a granular level in real time using anonymized data from private companies. We report daily statistics on consumer spending, business revenues, employment rates, and other key indicators disaggregated by county, industry,...
Persistent link: https://www.econbiz.de/10012481626
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Whatever-It-Takes Policymaking during the Pandemic
Dominguez, Kathryn M.; Foschi, Andrea - National Bureau of Economic Research - 2024
Central banks across the globe introduced large-scale asset purchase programs to address the unprecedented circumstances experienced during the pandemic. Many of these programs were announced as open-ended to shock-and-awe market participants and restore confidence in financial markets. This...
Persistent link: https://www.econbiz.de/10014486207
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COVID-19 and The Macroeconomic Effects of Costly Disasters
Ludvigson, Sydney C. - 2020
impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012481943
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Protecting Infants from Natural Disasters : The Case of Vitamin A Supplementation and a Tornado in Bangladesh
Gunnsteinsson, Snaebjorn - 2019
trial of at-birth vitamin A supplementation in Bangladesh. Tornado exposure in utero and in infancy decreased birth size and … disaster-prone areas of low-income countries …
Persistent link: https://www.econbiz.de/10012479918
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The Impact of Unions on Wages in the Public Sector : Evidence from Higher Education
Baker, Michael; Halberstam, Yosh; Kroft, Kory; Mas, … - National Bureau of Economic Research - 2024
We study the effects of the unionization of faculty at Canadian universities from 1970-2022 using an event-study design. Using administrative data which covers the full universe of faculty salaries, we find strong evidence that unionization leads to both average salary gains and compression of...
Persistent link: https://www.econbiz.de/10014512131
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How the 1906 San Francisco Earthquake Shaped Economic Activity in the American West
Ager, Philipp - 2019
This paper examines the long-run effects of the 1906 San Francisco Earthquake on the spatial distribution of economic activity in the American West. Using variation in the potential damage intensity of the earthquake, we show that more severely affected cities experienced lower population...
Persistent link: https://www.econbiz.de/10012479678
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Mortgage Finance in the Face of Rising Climate Risk
Ouazad, Amine - 2019
after a natural disaster that caused more than a billion dollar in damages. Results suggest a substantial increase in … securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a … disaster is "new news", i.e. does not have a long history of hurricanes. Conforming loans are riskier in dimensions not …
Persistent link: https://www.econbiz.de/10012480267
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The Economic Impact of Migrants from Hurricane Maria
Peri, Giovanni - 2020
We examine the economic impact of the large migration of Puerto Ricans to Orlando after Hurricane Maria. Using a synthetic control approach, we find that employment in Orlando increased, especially in construction and retail, and find positive aggregate labor market effects for non-Hispanic and...
Persistent link: https://www.econbiz.de/10012481266
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The Economic and Policy Consequences of Catastrophes
Pindyck, Robert S. - 2009
How likely is a catastrophic event that would substantially reduce the capital stock, GDP and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium...
Persistent link: https://www.econbiz.de/10012463277
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Understanding the Impacts of a Natural Disaster : Evidence from the 2004 Indian Ocean Tsunami
Frankenberg, Elizabeth; Sumantri, Cecep; Thomas, Duncan - National Bureau of Economic Research - 2023
the evolution of population well-being before and after a major natural disaster, the 2004 Indian Ocean tsunami. The …
Persistent link: https://www.econbiz.de/10014250150