During the post-pandemic period, the vacancy-unemployment ratio was at historically high levels, but the strength of overall labor demand was unclear. Analysis using data from the National Federation ...
In the pre-pandemic period, measures of consumer labor market perceptions correlated well with the aggregate unemployment rate. However, for more than a year during the pandemic, consumers perceived ...
The Treasury yield premium model by Jens H.E. Christensen and Glenn D. Rudebusch (CR) decomposes the nominal yield curve into three components: future short-term interest rate expectations, a term ...
This paper provides new survey evidence on firms’ inflation expectations in the euro area. Building on the ECB’s Survey on the Access to Finance of Enterprises (SAFE), we introduce consistent ...
Ian Galloway is vice president and regional executive of the Portland Branch of the Federal Reserve Bank of San Francisco. In this role, Ian engages with business and banking leaders throughout the ...
Cash transfers are important fiscal policy tools for both advanced and developing countries. A study of one of the world’s largest cash transfer programs—Brazil’s Bolsa Familia—highlights the ...