The US labor market in the post-COVID recovery. Can this cycle continue being different?

After a long period where the US labor market outperformed even some of the more optimistic predictions, the July 2024 numbers came in below expectations with weaker employment growth and the unemployment rate increasing to 4.3%. While from a historical point of view 4.3% remains low and not far from...

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COVID-Economics Links (May 13)

Modern health crises: Recession and recovery - Chang Ma, John Rogers, Sili Zhou (VoxEU.org) The EU response to the coronavirus crisis: How to get more bang for the buck - Massimo Bordignon, Guido Tabellini (VoxEU.org) Pandemic Recession: L or V-Shaped? - Victoria Gregory, Guido Menzio, David G. Wiczer (NBER WP) COVID-19 and the Welfare Effects of Reducing Contagion - Robert...

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COVID-Economics Links (May 12)

Making the Best of a Post-Pandemic World - Dani Rodrik Banking regulation in the euro area: Germany is different Nicolas Véron (PIIE) Covid Economics: Vetted and Real-Time Papers - Issue 16, CEPR COVID-19 Is Also a Reallocation Shock - Jose Maria Barrero, Nicholas Bloom and Steven J. Davis (SSRN) Risks of Growing Debt vs. Fiscal Stringency in the COVID-19 Crisis - William G. Gale and...

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COVID-Economics Links (May 11)

Can the Covid Bailouts Save the Economy? - Elenev, Landvoigt and van Nieuwerburgh (CEPR DP) Consumption in the time of Covid-19: Evidence from UK transaction data - Hacioglu, Känzig and Surico (CEPR DP) Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis - Baqaee and Farhi (CEPR DP) Navigating Deglobalization - Mohamed A. El-Erian (PS) Long...

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COVID-Economics Links (May 10)

The case for permanent stimulus - Paul Krugman (VoxEU) How COVID-19 is transforming the world economy - Kilic and Marin (VoxEU) When Do Shelter-in-Place Orders Fight Covid-19 Best? Policy Heterogeneity Across States and Adoption Time - Dave, Friedson, Matsuzawa and Sabia (SSRN) Liquidity Provision during a Pandemic - Kahn and Wagner (SSRN) The job numbers are horrible. But...

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COVID-Economics Links (May 9)

Eurogroup Statement on the Pandemic Crisis Support - Eurogroup The asymmetric impact of COVID-19 confinement measures on EU labour markets - Torrejón Pérez, Fana, González-Vázquez and Fernández-Macías (VoxEU) The impact of COVID-19 on European household expectations - Gene Ambrocio  (VoxEU) Coronavirus and commodity markets: Lessons from history - Peter Nagle (World...

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COVID-Economics Links (May 8)

Blogs, Opinions and Academic papers COVID-19 will raise inequality if past pandemics are a guide - Furceri, Loungani, Ostry, and Pizzuto (VoxEU) The U.S. Labor Market During the Beginning of the Pandemic Recession - Cajner et al COVID-19 crisis in the euro area: recession or “double-peak” expansion? - CEPR-EABCN Euro Area Business Cycle Dating Committee Figures of the...

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