Perspectives on the Eventual Economic Recovery

Eric Rosengren ()

Speech from Federal Reserve Bank of Boston

Abstract: The past year with the pandemic has been grueling. Eleven months after the initial outbreak, economic outcomes for individuals and businesses still remain closely tied to finding and implementing effective public health policy. However, with the successful development of multiple vaccines, it is now possible to imagine much better macroeconomic outcomes ahead. My view is that policymakers must work to ensure that the benefits of the eventual recovery are widely shared. As I’ve mentioned, I believe that as we think about recovery from the pandemic, we should take the time to look for ways that our economy can be reimagined for the better with what we have learned during this trying period. We should learn from the challenges that the pandemic brought to the forefront – but were simmering even before COVID-19. And we should capitalize on the opportunities that stem from realizing new ways of working and extend them more broadly to benefit more workers – especially those in low- and moderate-wage occupations – along with employers, industries, and local economies.

Keywords: economic outlook; recovery; COVID-19; employment; community development; Connecticut; inclusive economy; working places (search for similar items in EconPapers)
Pages: 14
Date: 2021-02-19
New Economics Papers: this item is included in nep-mac
Note: Webinar
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bostonfed.org/news-and-events/speeches ... onomic-recovery.aspx Summary (text/html)
https://www.bostonfed.org/-/media/Documents/Speeches/PDF/20210219-text.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbsp:90901

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().