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Disability-based labour market inequalities

Pettinicchio, David; Maroto, Michelle - 2024

market inequality to help understand the continuing earnings and employment disparities experienced by people with … apply them to examples related to intersectionality, unionisation, contingent work, and employment in times of crisis. Paid … employment is central to people's social and economic wellbeing within liberal market-based economies, making it important to …

Persistent link: https://www.econbiz.de/10015054234

Measuring real activity using a weekly economic index

Lewis, Daniel J.; Mertens, Karel; Stock, James H.; … - 2020

This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the onset of and policy response to the novel coronavirus in the United States. The WEI is a weekly composite index of real economic activity, with eight of ten series available...

Persistent link: https://www.econbiz.de/10012619497

Disasters everywhere: The costs of business cycles reconsidered

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2020

Business cycles are costlier and stabilization policies more beneficial than widely thought. This paper shows that all business cycles are asymmetric and resemble mini "disasters." By this we mean that growth is pervasively fat-tailed and non-Gaussian. Using long-run historical data, we show...

Persistent link: https://www.econbiz.de/10012619502

Uncertainty shocks, capital flows, and international risk spillovers

Akinci, Ozge; Kalemli-Ozcan, Sebnem; Queralto, Albert - 2022

Foreign investors' changing appetite for risk-taking has been shown to be a key determinant of the global financial cycle. Such fluctuations in risk sentiment also correlate with the dynamics of uncovered interest parity (UIP) premia, capital flows, and exchange rates. To understand how these...

Persistent link: https://www.econbiz.de/10013432946

Intermediary balance sheets and the treasury yield curve

Du, Wenxin; Hébert, Benjamin; Li, Wenhao - 2022

We have documented a regime change in the U.S. Treasury market post-Global Financial Crisis (GFC). We first derived bounds on Treasury yields that account for dealer balance sheet costs, which we call the net short and net long curves. We show that actual Treasury yields moved from the net short...

Persistent link: https://www.econbiz.de/10013432953

Quantifying the inflationary impact of fiscal stimulus under supply constraints

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - 2023

This paper builds on Baqaee and Farhi (2022) and di Giovanni et al. (2022) to quantify the contribution of fiscal policy to U.S. inflation over the December 2019-June 2022 period. Model calibrations show that aggregate demand shocks explain roughly two-thirds of total model-based inflation, and...

Persistent link: https://www.econbiz.de/10014302772

Applications or approvals: What drives racial disparities in the Paycheck Protection Program?

Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - 2023

We use the 2020 Small Business Credit Survey to study the sources of racial disparities in use of the Paycheck Protection Program (PPP). Black-owned firms are 8.9 percentage points less likely than observably similar white-owned firms to receive PPP loans. About 55 percent of this take-up...

Persistent link: https://www.econbiz.de/10014480565