FRBSF Economic Letter
1973 - 2025
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2021, volume 2021, articles 33
- Comparing Pandemic Unemployment to Past U.S. Recoveries pp. 05

- Robert E. Hall and Marianna Kudlyak
2021, volume 2021, articles 32
- Employment Effects of COVID-19 across States, Sectors pp. 05

- Sarah Albert, Andrew Foerster and Pierre Daniel Sarte
2021, volume 2021, articles 31
- Policymaking in a Time of Uncertainty pp. 06

- Mary Daly
2021, volume 2021, articles 30
- How Strongly Are Local Economies Tied to COVID-19? pp. 5

- Samuel R. Tarasewicz and Daniel Wilson
2021, volume 2021, articles 29
- What Would It Cost to Issue 50-year Treasury Bonds? pp. 05

- Jens Christensen, Jose Lopez and Paul Mussche
2021, volume 2021, articles 28
- Climate Change Costs Rise as Interest Rates Fall pp. 05

- Michael Bauer and Glenn Rudebusch
2021, volume 2021, articles 27
- Is the American Rescue Plan Taking Us Back to the ’60s? pp. 06

- Régis Barnichon, Luiz E. Oliveira and Adam Shapiro
2021, volume 2021, articles 26
- From Gaps to Growth: Equity as a Path to Prosperity pp. 01-07

- Mary Daly
2021, volume 2021, articles 25
- How Do Business Cycles Affect Worker Groups Differently? pp. 01-06

- Evgeniya A. Duzhak
2021, volume 2021, articles 24
- Effects of Asset Valuations on U.S. Wealth Distribution pp. 01-06

- Renuka Diwan, Evgeniya A. Duzhak and Thomas Mertens
2021, volume 2021, articles 23
- How Do Low and Negative Interest Rates Affect Banks? pp. 01-05

- Olivia Lofton and Mauricio Ulate
2021, volume 2021, articles 22
- Labor Productivity in a Pandemic pp. 01-05

- John Fernald, Huiyu Li and Mitchell Ochse
2021, volume 2021, articles 21
- Return of the Original Phillips Curve pp. 01-06

- Peter Lihn Jørgensen and Kevin Lansing
2021, volume 2021, articles 20
- Minority Banks during the COVID-19 Pandemic pp. 01-05

- Sophia M. Friesenhahn and Simon Kwan
2021, volume 2021, articles 19
- Do Households Expect Inflation When Commodities Surge? pp. 06

- Reuven Glick, Noah Kouchekinia, Sylvain Leduc and Zheng Liu
2021, volume 2021, articles 18
- How Much Did the CARES Act Help Households Stay Afloat? pp. 06

- James Aylward, Elizabeth Laderman, Luiz E. Oliveira and Gladys Teng
2021, volume 2021, articles 17
- Climate Risk and the Fed: Preparing for an Uncertain Certainty pp. 08

- Mary Daly
2021, volume 2021, articles 16
- The Economy’s Response to Potential Climate Policy pp. 01-05

- Stephie Fried, Kevin Novan and William Peterman
2021, volume 2021, articles 15
- The Divergent Signals about Labor Market Slack pp. 01-06

- Troy Gilchrist and Bart Hobijn
2021, volume 2021, articles 14
- Fiscal Multiplier at the Zero Bound: Evidence from Japan pp. 01-05

- Ethan Goode, Zheng Liu and Thuy Lan Nguyen
2021, volume 2021, articles 13
- Exploring the Safety Premium of Safe Assets pp. 01-05

- Jens Christensen and Nikola Mirkov
2021, volume 2021, articles 12
- The Last Resort in a Changing Landscape pp. 01-07

- Mary Daly
2021, volume 2021, articles 11
- Where Is the U.S. COVID-19 Pandemic Headed? pp. 01-06

- Daniel Wilson
2021, volume 2021, articles 10
- Parental Participation in a Pandemic Labor Market pp. 01-05

- Olivia Lofton, Nicolas Petrosky-Nadeau and Lily Seitelman
2021, volume 2021, articles 09
- Capital Flow Surges and Rising Income Inequality pp. 01-05

- Renuka Diwan, Zheng Liu and Mark Spiegel
2021, volume 2021, articles 08
- Disagreement about U.S. and Euro-Area Inflation Forecasts pp. 01-05

- Reuven Glick and Noah Kouchekinia
2021, volume 2021, articles 07
- Lessons from History, Policy for Today pp. 01-07

- Mary Daly
2021, volume 2021, articles 06
- Resilience of Community Banks in the Time of COVID-19 pp. 01-05

- Simon Kwan
2021, volume 2021, articles 05
- Contrasting U.S. and European Job Markets during COVID-19 pp. 01-05

- Jean-Benoît Eyméoud, Nicolas Petrosky-Nadeau, Raul Santaeulalia-Llopis and Etienne Wasmer
2021, volume 2021, articles 04
- Future Output Loss from COVID-Induced School Closures pp. 01-05

- John Fernald, Huiyu Li and Mitchell Ochse
2021, volume 2021, articles 03
- Climate Change Is a Source of Financial Risk pp. 01-06

- Glenn Rudebusch
2021, volume 2021, articles 02
- Can Government Spending Help to Escape Recessions? pp. 01-05

- Régis Barnichon, Davide Debortoli and Christian Matthes
2021, volume 2021, articles 01
- The Asymmetric Costs of Misperceiving R-star pp. 01-05

- Andrea Ajello, Isabel Cairo, Vasco Cúrdia and Albert Queraltó
2020, volume 2020, articles 37
- 2020 Lessons, 2021 Priorities pp. 01-08

- Mary Daly
2020, volume 2020, articles 36
- Permanent and Transitory Effects of the 2008–09 Recession pp. 01-05

- Andrew Foerster and Lily Seitelman
2020, volume 2020, articles 35
- Small Business Lending during COVID-19 pp. 01-05

- Remy Beauregard, Jose Lopez and Mark Spiegel
2020, volume 2020, articles 34
- Temporary Layoffs and Unemployment in the Pandemic pp. 01-05

- 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

- Gianluca Benigno, Andrew Foerster, Christopher Otrok and Alessandro Rebucci
2020, volume 2020, articles 32
- Is the Federal Reserve Contributing to Economic Inequality? pp. 07

- Mary Daly
2020, volume 2020, articles 31
- Assessing Recent Stock Market Valuation with Macro Data pp. 01-06

- Kevin Lansing
2020, volume 2020, articles 30
- Risk of Business Insolvency during Coronavirus Crisis pp. 01-05

- Sophia M. Friesenhahn and Simon Kwan
2020, volume 2020, articles 29
- Commercial Banks under Persistent Negative Rates pp. 01-05

- Remy Beauregard and Mark Spiegel
2020, volume 2020, articles 28
- Did the $600 Unemployment Supplement Discourage Work? pp. 01-05

- Nicolas Petrosky-Nadeau and Robert Valletta
2020, volume 2020, articles 27
- Adjusting the Unemployment Thermometer pp. 01-05

- Régis Barnichon and Winnie Yee
2020, volume 2020, articles 26
- The Illusion of Wage Growth pp. 01-05

- Erin E. Crust, Mary Daly and Bart Hobijn
2020, volume 2020, articles 25
- Disruptions to Starting a Business during COVID-19 pp. 01-05

- Huiyu Li and Mitchell Ochse
2020, volume 2020, articles 24
- Monitoring the Inflationary Effects of COVID-19 pp. 01-06

- Adam Shapiro
2020, volume 2020, articles 23
- Emerging Bond Markets and COVID-19: Evidence from Mexico pp. 01-05

- Jens Christensen, Eric Fischer and Patrick Shultz
2020, volume 2020, articles 22
- Average-Inflation Targeting and the Effective Lower Bound pp. 01

- Renuka Diwan, Sylvain Leduc and Thomas Mertens
2020, volume 2020, articles 21
- The Highs and Lows of Productivity Growth pp. 5

- Andrew Foerster, Christian Matthes and Lily Seitelman
2020, volume 2020, articles 20
- The Fog of Numbers pp. 5

- Oscar Jorda, Noah Kouchekinia, Colton Merrill and Tatevik Sekhposyan
2020, volume 2020, articles 19
- Rising Wildfire Risk for the 12th District Economy pp. 5

- James Aylward and Luiz E. Oliveira
2020, volume 2020, articles 18
- COVID-19 and CO2 pp. 06

- Galina Hale and Sylvain Leduc
2020, volume 2020, articles 17
- The Unequal Impact of COVID-19: Why Education Matters pp. 5

- Shelby R. Buckman, Mary Daly and Lily Seitelman
2020, volume 2020, articles 16
- Are Banks Exposed to Interest Rate Risk? pp. 05

- Pascal Paul and Simon Zhu
2020, volume 2020, articles 15
- We Can’t Afford Not To pp. 08

- Mary Daly
2020, volume 2020, articles 14
- Market Assessment of COVID-19 pp. 5

- Simon Kwan and Thomas Mertens
2020, volume 2020, articles 13
- The COVID-19 Fiscal Multiplier: Lessons from the Great Recession pp. 5

- Daniel Wilson
2020, volume 2020, articles 12
- An Unemployment Crisis after the Onset of COVID-19 pp. 5

- Nicolas Petrosky-Nadeau and Robert Valletta
2020, volume 2020, articles 11
- Coronavirus and the Risk of Deflation pp. 5

- Jens Christensen, James M. Gamble and Simon Zhu
2020, volume 2020, articles 10
- Historical Patterns around Financial Crises pp. 05

- Pascal Paul and Joseph H. Pedtke
2020, volume 2020, articles 09
- Mitigating COVID-19 Effects with Conventional Monetary Policy pp. 05

- Vasco Cúrdia
2020, volume 2020, articles 08
- News Sentiment in the Time of COVID-19 pp. 05

- Shelby R. Buckman, Adam Shapiro, Moritz Sudhof and Daniel Wilson
2020, volume 2020, articles 07
- The Uncertainty Channel of the Coronavirus pp. 05

- Sylvain Leduc and Zheng Liu
2020, volume 2020, articles 06
- Why Is Unemployment Currently So Low? pp. 05

- Marianna Kudlyak and Mitchell Ochse
2020, volume 2020, articles 05
- Is the Risk of the Lower Bound Reducing Inflation? pp. 05

- Robert Amano, Thomas Carter and Sylvain Leduc
2020, volume 2020, articles 04
- The New Stone Soup pp. 07

- Mary Daly
2020, volume 2020, articles 03
- Wringing the Overoptimism from FOMC Growth Forecasts pp. 05

- 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

- Marianna Kudlyak
2020, volume 2020, articles 01
- Long-Run Effects of the Earned Income Tax Credit pp. 05

- David Neumark and Peter Shirley