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More Households Face Food Scarcity during COVID-19
More U.S. households are reporting that they sometimes or often do not have enough food, according to a new Census survey.
The Hidden Economics Lessons in Your Favorite Songs about Money
Can Ariana Grande, Johnny Cash and the Barenaked Ladies teach you about markets, currency and finance? Indeed.
Journal Article
The Value of $600 Across States Hit Hardest by COVID-19
The CARES act provides an extra $600 per week in unemployment benefits, but the purchasing power of those dollars varies across states, raising the question of whether the equal distribution of $600 across states is an equitable distribution.
Journal Article
The Large Gap in Stock Market Participation Between Black and White Households
White households participate in the stock market far more than Black households, contributing to the large wealth gap between them.
Journal Article
Understanding the Distribution of Inflation Expectations
Inflation expectations are central to monetary policy but are often summarized by a single statistic such as the mean or median forecast. This article argues for a distributional view in which the full cross-sectional distribution of beliefs is the relevant object. We first organize the literature around the main distributional features of inflation expectations: the level of expected inflation, disagreement across agents, subjective uncertainty within agents, skewness, and tail behavior. The literature consistently documents large and time-varying disagreement, systematic demographic ...
COVID-19: What Do FREDcast Users Think about Economic Growth?
Professional forecasts abound, but what does the general public think will happen with the economy?
St. Louis Fed Research Associates Discuss Work and Experiences
RAs help the St. Louis Fed’s staff of economists investigate topics ranging from productivity to unemployment.
Journal Article
Will Workers Want To Be Laid Off?
The short-term income benefits from expanded unemployment insurance are unlikely to outweigh the long-term benefits of working.
Journal Article
Decomposing the Low PCE Inflation Rate
The current low PCE inflation rate can largely be attributed to energy, health care, and housing.
Pension or 401(k)? Retirement Plan Trends in the U.S. Workplace
An analysis describes the declining prevalence of defined-benefit pensions in favor of defined-contribution retirement plans in the U.S. workplace over time.