Banks, Credit Crunches, and the Economy
May 15, 2023
Credit crunches due to bank distress can undermine economic growth. There is evidence of tighter credit and lower demand for loans in the recent bank turmoil.
Banking
May 15, 2023
Credit crunches due to bank distress can undermine economic growth. There is evidence of tighter credit and lower demand for loans in the recent bank turmoil.
May 13, 2021
UI benefits during COVID increased at times to levels well in excess of workers’ earnings and at other times dropped drastically without regard to labor market conditions.
May 10, 2021
Although reported rates of hunger during the pandemic have come down since reaching a peak in December of 2020, hunger is likely to remain an issue for millions of Americans even as the economy recovers. There is evidence that existing government programs, as well as the expansions and enhancements of them put in place during the crisis, can move the needle on hunger. A few modest policy changes could further improve their effectiveness and reach.
April 1, 2021
The most cited unemployment rate does not capture the full extent of weakness in the labor market — and this is a bigger issue in recessions.
December 15, 2020
The Fed’s new framework for inflation and employment imply letting the economy run "hot" in ways that could benefit low-income and minority communities.
December 12, 2020
Graduating college in a downturn can have lasting career impacts. Worsening trends for new graduates raise concerns for those graduating in the COVID recession.
October 13, 2020
Automatic stabilizers are spending or tax policies that cushion downturns and taper off as the economy improves. They respond rapidly and continue while needed.
March 23, 2020
A resolution of the underlying cause and a dramatic policy response that mitigates the economic damage are needed to stanch the acute phase of an economic crisis.
March 12, 2020
Effects from the pandemic and from measures to slow its progression impact supply and demand of goods and services and people’s expectations of the future.