Board of Governors of the Federal Reserve System (via Public) / Dealer Inventory Constraints in the Corporate Bond Market during the COVID Crisis publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Veronica Guerrieri, Guido Lorenzoni, Ludwig Straub, Iván Werning
The Covid-19 shock is unprecedented in its origin and impact. Seen through the lens of macroeconomics, the spread of the epidemic and the measures adopted to counter it have led to an unusual and simultaneous sharp fall in both supply and demand. Scholars have debated extensively the impact of this shock on firms pricing behaviour, which is difficult to predict due to its exceptional features but is of utmost importance as Covid-19 struck the US and euro area economies in the context of a persistently low inflation environment.
The debate has mainly focused on the prevalence of the demand versus supply channels, or on the ties between them (Baqaee and Farhi 2020, Bekaert et al. 2020, Brinca et al. 2020, del Rio-Chanona et al. 2020). A theory of Keynesian supply shocks has emerged (Guerrieri et al., 2020) where temporary supply shortages that asymmetrically affect different sectors of the economy trigger a contracti
16 June 2021 FOMC Meeting Statement: Almost A Photocopy Of The Previous Meeting With No Change To The Federal Funds Rate econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
Paolo Acciari, Facundo Alvaredo, Salvatore Morelli 24 April 2021
Growing wealth disparities can have corrosive effects on equality of opportunity when they crystallise over time and turn into persistent disparities across generations. This column uses newly assembled data from Italian inheritance tax records to show that the wealth share of the top 1% (half a million individuals) increased from 16% in 1995 to 22% in 2016, and the share accruing to the top 0.01% (the richest 5,000 adults) almost tripled from 1.8% to 5%. In contrast, the poorest 50% saw an 80% drop in their average net wealth over the same period. The data also reveal the growing role of inheritance and gifts inter vivos as a share of national income, as well as their increasing concentration at the top.
Money Marketeers of New York University Webinar
New York, NY
For delivery on Tuesday, April 15, 2021 2:00 P.M. EDT
Introduction
I grew up in Missouri surrounded by three rivers. Nearly every spring, at least one of them would flood. Each time this happened, families, businesses, and sometimes whole communities, would be forced to higher ground until the water receded and returned to its banks.
Public programs were there to assist. Teams helped people evacuate, temporary shelters were stood up overnight, and financial support was provided for repairs and rebuilding. By many measures, these responses were a win, repeated successes of a system meant to insure against these types of disasters.