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FRBSF Economic Letter

1973 - 2025

From Federal Reserve Bank of San Francisco
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2020, volume 2020, articles 37

2020 Lessons, 2021 Priorities pp. 01-08 Downloads
Mary Daly

2020, volume 2020, articles 36

Permanent and Transitory Effects of the 2008–09 Recession pp. 01-05 Downloads
Andrew Foerster and Lily Seitelman

2020, volume 2020, articles 35

Small Business Lending during COVID-19 pp. 01-05 Downloads
Remy Beauregard, Jose Lopez and Mark Spiegel

2020, volume 2020, articles 34

Temporary Layoffs and Unemployment in the Pandemic pp. 01-05 Downloads
Noah Kouchekinia, Marianna Kudlyak, Mitchell Ochse and Erin Wolcott

2020, volume 2020, articles 33

Sudden Stops and COVID-19: Lessons from Mexico’s History pp. 01-05 Downloads
Gianluca Benigno, Andrew Foerster, Christopher Otrok and Alessandro Rebucci

2020, volume 2020, articles 32

Is the Federal Reserve Contributing to Economic Inequality? pp. 07 Downloads
Mary Daly

2020, volume 2020, articles 31

Assessing Recent Stock Market Valuation with Macro Data pp. 01-06 Downloads
Kevin Lansing

2020, volume 2020, articles 30

Risk of Business Insolvency during Coronavirus Crisis pp. 01-05 Downloads
Sophia M. Friesenhahn and Simon Kwan

2020, volume 2020, articles 29

Commercial Banks under Persistent Negative Rates pp. 01-05 Downloads
Remy Beauregard and Mark Spiegel

2020, volume 2020, articles 28

Did the $600 Unemployment Supplement Discourage Work? pp. 01-05 Downloads
Nicolas Petrosky-Nadeau and Robert Valletta

2020, volume 2020, articles 27

Adjusting the Unemployment Thermometer pp. 01-05 Downloads
Régis Barnichon and Winnie Yee

2020, volume 2020, articles 26

The Illusion of Wage Growth pp. 01-05 Downloads
Erin E. Crust, Mary Daly and Bart Hobijn

2020, volume 2020, articles 25

Disruptions to Starting a Business during COVID-19 pp. 01-05 Downloads
Huiyu Li and Mitchell Ochse

2020, volume 2020, articles 24

Monitoring the Inflationary Effects of COVID-19 pp. 01-06 Downloads
Adam Shapiro

2020, volume 2020, articles 23

Emerging Bond Markets and COVID-19: Evidence from Mexico pp. 01-05 Downloads
Jens Christensen, Eric Fischer and Patrick Shultz

2020, volume 2020, articles 22

Average-Inflation Targeting and the Effective Lower Bound pp. 01 Downloads
Renuka Diwan, Sylvain Leduc and Thomas Mertens

2020, volume 2020, articles 21

The Highs and Lows of Productivity Growth pp. 5 Downloads
Andrew Foerster, Christian Matthes and Lily Seitelman

2020, volume 2020, articles 20

The Fog of Numbers pp. 5 Downloads
Oscar Jorda, Noah Kouchekinia, Colton Merrill and Tatevik Sekhposyan

2020, volume 2020, articles 19

Rising Wildfire Risk for the 12th District Economy pp. 5 Downloads
James Aylward and Luiz E. Oliveira

2020, volume 2020, articles 18

COVID-19 and CO2 pp. 06 Downloads
Galina Hale and Sylvain Leduc

2020, volume 2020, articles 17

The Unequal Impact of COVID-19: Why Education Matters pp. 5 Downloads
Shelby R. Buckman, Mary Daly and Lily Seitelman

2020, volume 2020, articles 16

Are Banks Exposed to Interest Rate Risk? pp. 05 Downloads
Pascal Paul and Simon Zhu

2020, volume 2020, articles 15

We Can’t Afford Not To pp. 08 Downloads
Mary Daly

2020, volume 2020, articles 14

Market Assessment of COVID-19 pp. 5 Downloads
Simon Kwan and Thomas Mertens

2020, volume 2020, articles 13

The COVID-19 Fiscal Multiplier: Lessons from the Great Recession pp. 5 Downloads
Daniel Wilson

2020, volume 2020, articles 12

An Unemployment Crisis after the Onset of COVID-19 pp. 5 Downloads
Nicolas Petrosky-Nadeau and Robert Valletta

2020, volume 2020, articles 11

Coronavirus and the Risk of Deflation pp. 5 Downloads
Jens Christensen, James M. Gamble and Simon Zhu

2020, volume 2020, articles 10

Historical Patterns around Financial Crises pp. 05 Downloads
Pascal Paul and Joseph H. Pedtke

2020, volume 2020, articles 09

Mitigating COVID-19 Effects with Conventional Monetary Policy pp. 05 Downloads
Vasco Cúrdia

2020, volume 2020, articles 08

News Sentiment in the Time of COVID-19 pp. 05 Downloads
Shelby R. Buckman, Adam Shapiro, Moritz Sudhof and Daniel Wilson

2020, volume 2020, articles 07

The Uncertainty Channel of the Coronavirus pp. 05 Downloads
Sylvain Leduc and Zheng Liu

2020, volume 2020, articles 06

Why Is Unemployment Currently So Low? pp. 05 Downloads
Marianna Kudlyak and Mitchell Ochse

2020, volume 2020, articles 05

Is the Risk of the Lower Bound Reducing Inflation? pp. 05 Downloads
Robert Amano, Thomas Carter and Sylvain Leduc

2020, volume 2020, articles 04

The New Stone Soup pp. 07 Downloads
Mary Daly

2020, volume 2020, articles 03

Wringing the Overoptimism from FOMC Growth Forecasts pp. 05 Downloads
Kevin Lansing and Winnie Yee

2020, volume 2020, articles 02

Who from Out of the Labor Force Is Most Likely to Find a Job? pp. 05 Downloads
Marianna Kudlyak

2020, volume 2020, articles 01

Long-Run Effects of the Earned Income Tax Credit pp. 05 Downloads
David Neumark and Peter Shirley

2019, volume 2019, articles 31

The Economics of Climate Change: A First Fed Conference pp. 5 Downloads
Galina Hale, Oscar Jorda and Glenn Rudebusch

2019

How Much Do We Spend on Imports? Downloads
Galina Hale, Bart Hobijn, Fernanda Nechio and Doris Wilson
Does Ultra-Low Unemployment Spur Rapid Wage Growth? Downloads
Sylvain Leduc, Chitra Marti and Daniel Wilson
Nonmanufacturing as an Engine of Growth Downloads
Huiyu Li
How Much Could Negative Rates Have Helped the Recovery? Downloads
Vasco Cúrdia
Inflation: Stress-Testing the Phillips Curve Downloads
Oscar Jorda, Chitra Marti, Fernanda Nechio and Eric Tallman
Measuring Connectedness between the Largest Banks Downloads
Galina Hale, Jose Lopez and Shannon Sledz
Inflationary Effects of Trade Disputes with China Downloads
Galina Hale, Bart Hobijn, Fernanda Nechio and Doris Wilson
Modeling Financial Crises Downloads
Pascal Paul
Climate Change and the Federal Reserve Downloads
Glenn Rudebusch
Does the Fed Know More about the Economy? Downloads
Pascal Paul
Banks’ Real Estate Exposure and Resilience Downloads
Simon Kwan
The Evolution of the FOMC’s Explicit Inflation Target Downloads
Adam Shapiro and Daniel Wilson
Improving the Phillips Curve with an Interaction Variable Downloads
Kevin Lansing
The Risk of Returning to the Zero Lower Bound Downloads
Jens Christensen
Is the Hot Economy Pulling New Workers into the Labor Force? Downloads
Régis Barnichon
Why Is the Fed’s Balance Sheet Still So Big? Downloads
Andrew Foerster and Sylvain Leduc
Is Slow Still the New Normal for GDP Growth? Downloads
John Fernald and Huiyu Li
How Have Changing Sectoral Trends Affected GDP Growth? Downloads
Andrew Foerster, Andreas Hornstein, Pierre Daniel Sarte and Mark Watson
Why Is Inflation Low Globally? Downloads
Oscar Jorda, Chitra Marti, Fernanda Nechio and Eric Tallman
The Brexit Price Spike Downloads
Neil Gerstein, Bart Hobijn, Fernanda Nechio and Adam Shapiro
Unemployment: Lower for Longer? Downloads
Nicolas Petrosky-Nadeau and Robert Valletta
Negative Interest Rates and Inflation Expectations in Japan Downloads
Jens Christensen and Mark Spiegel
A New Balancing Act: Monetary Policy Tradeoffs in a Changing World Downloads
Mary Daly
Zero Lower Bound Risk according to Option Prices Downloads
Michael Bauer and Thomas Mertens
Are Workers Losing to Robots? Downloads
Sylvain Leduc and Zheng Liu
How Severe Is China’s Slowdown? Evidence from China CAT Downloads
John Fernald, Neil Gerstein and Mark Spiegel
Yield Curve Responses to Introducing Negative Policy Rates Downloads
Jens Christensen
Is Rising Concentration Hampering Productivity Growth? Downloads
Pete Klenow, Huiyu Li and Theodore Naff
Riders on the Storm Downloads
Oscar Jorda and Alan Taylor
Involuntary Part-Time Work a Decade after the Recession Downloads
Marianna Kudlyak
Page updated 2025-04-17