|
Brookings Papers on Economic Activity
Journal Prestige (SJR): 6.851  Citation Impact (citeScore): 2 Number of Followers: 68  Open Access journalISSN (Print) 0007-2303 - ISSN (Online) 1533-4465 Published by Brookings Institution  [1 journal]
|
- Shrinking the Federal Reserve balance sheet
Authors: Dave Skidmore
Abstract: Economists Arvind Krishnamurthy, Sydney C. Ludvigson, and Jonathan H. Wright explored the lessons learned from the Federal Reserve’s use of large-scale securities purchases during a panel discussion at the Brookings Papers on Economic Activity (BPEA) conference on September 9. In March 2020, as the COVID-19 pandemic roiled international financial markets, threatening the economy, the Federal…
PubDate: Wed, 14 Sep 2022 13:02:00 +000
- Measuring US fiscal capacity using discounted cash flow analysis
Authors: Zhengyang Jiang; Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Z. Xiaolan
Abstract: The U.S. government’s capacity to continue running large budget deficits could be threatened if interest rates remain even modestly higher than currently expected, suggests a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on September 8. A hypothetical 1 percentage point upward shift in projected interest rates over the next three…
PubDate: Thu, 08 Sep 2022 01:01:40 +000
- Working from home around the world
Authors: Cevat Giray Aksoy; Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Mathias Dolls, Pablo Zarate
Abstract: The COVID-19 pandemic triggered a large and lasting shift to working from home among educated workers around the world, finds a new survey to be presented at the Brookings Papers on Economic Activity (BPEA) conference on September 9. “No other episode in modern history involves such a pronounced and widespread shift in working arrangements in…
PubDate: Thu, 08 Sep 2022 01:01:28 +000
- Understanding US inflation during the COVID era
Authors: Laurence Ball; Daniel Leigh, Prachi Mishra
Abstract: The Federal Reserve likely will need to push unemployment far higher than its 4.1 percent projection if it is to succeed in bringing inflation down to its 2 percent target by the end of 2024, suggests a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on September 8. The paper,…
PubDate: Thu, 08 Sep 2022 01:01:20 +000
- Economic Impact Payments and household spending during the pandemic
Authors: Jonathan A. Parker; Jake Schild, Laura Erhard, David S Johnson
Abstract: People highly exposed to the economic consequences of the COVID-19 pandemic rapidly spent their federal Economic Impact Payments (EIPs) during the early months of the pandemic. However, many other people saved their payments, contributing to strong household balance sheets and, potentially, buying demand and price increases in the past year, suggests a paper to be…
PubDate: Thu, 08 Sep 2022 01:01:13 +000
- The global dollar cycle
Authors: Maurice Obstfeld; Haonan Zhou
Abstract: A rising dollar—driven by the Federal Reserve’s inflation-quelling interest rate increases and investors’ diminished risk appetite—could cause downturns in many emerging market and developing economies (EMDEs), suggests a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on September 9. “The dollar has strengthened considerably since mid-2021 and a contractionary phase…
PubDate: Thu, 08 Sep 2022 01:01:12 +000
- Fiscal policy and budget deficits following the pandemic
Authors: Dave Skidmore ; Phillip Swagel
Abstract: In a panel discussion at the Brookings Papers on Economic Activity (BPEA) conference on March 25, three well-known economists—Greg Mankiw, Carmen M. Reinhart, and Phillip Swagel—explored the implications of interest rates and inflation for U.S. fiscal policy following the COVID-19 pandemic. Mankiw of Harvard University, former chair of the White House Council of Economic Advisers,…
PubDate: Mon, 28 Mar 2022 17:32:25 +000
- Monetary policy and racial inequality
Authors: Alina Kristin Bartscher; Moritz Kuhn, Moritz Schularick, Paul Wachtel
Abstract: Monetary policy seems ill-suited to the task of reducing racial economic inequities, suggests a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 24. The authors—Alina K. Bartscher of Danmarks Nationalbank, Moritz Kuhn of the University of Bonn, Moritz Schularick of Sciences Po Paris and the University of Bonn,…
PubDate: Thu, 24 Mar 2022 01:00:51 +000
- The Supplemental Expenditure Poverty Measure: A new method for measuring
poverty
Authors: John Fitzgerald; Robert A. Moffitt
Abstract: A new method of measuring poverty in the United States—based on families’ spending and easily accessible resources—finds that about eight million more people lived in poverty in 2019 than reported by the government’s conventional income-based approach, according to a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 25.…
PubDate: Thu, 24 Mar 2022 01:00:37 +000
- What have they been thinking' Home buyer behavior in hot and cold
markets: A ten-year retrospect
Authors: Robert J. Shiller; Anne K. Thompson
Abstract: Homebuyers’ emotions may partly explain soaring home prices during the COVID-19 pandemic but, at least so far, the run-up doesn’t look like a classic bubble, suggests a paper discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 25, 2022. From August 2020 to August 2021, home prices, as measured by the S&P/CoreLogic/Case-Shiller…
PubDate: Thu, 24 Mar 2022 01:00:30 +000
