Full Employment In The New Monetary Policy Framework, Federal Reserve Governor Lael Brainard, At The Inaugural Mike Mccracken Lecture On Full Employment Sponsored By The Canadian Association For Business Economics (Via Webcast) Date
13/01/2021
I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins.
I am honored to deliver the inaugural Mike McCracken Lecture on Full Employment.1 Widely known for his critical contributions in bringing computer modeling to Canadian economic forecasting, Mike McCracken is perhaps best known for his tireless advocacy that lower unemployment remains the most important goal for the economy, which is particularly resonant for me, along with his emphasis on thinking critically and expansively about full employment.2 A similar theme was highlighted by community and labor representat
Saving Child Care Means Preserving Jobs and Supporting Working Families and Small Businesses
January 13, 2021, 5:00 am
As the coronavirus crisis has intensified over the past several months, many of the harsh realities that Americans faced early in the pandemic have resurfaced. A massive surge in cases has led many governors to reinstitute mitigation measures as COVID-19 takes its toll on overwhelmed hospitals and health care facilities. One thing that hasn’t changed: Child care is an essential service for parents, especially those who are health care workers, first responders, transit workers, and other front-line personnel.
Moreover, many economists agree that once parents can safely return to the workplace, “quality, affordable child care is an essential precondition for a successful economic recovery.” But an alarming new study from the National Association for the Education of Young Children finds that more than half of child care centers in the United States say they
Eduardo Levy Yeyati, Samuel Pienknagura
In 2020, GDP in Latin America and the Caribbean (LAC) is expected to contract by 8.1% compared to only 4.3% in the US. Relative to pre-pandemic expectations, downward revisions to growth in 2020 has been 3.5 percentage points higher in LAC than in the US. And this divergence is likely to endure: according to the IMF, “most countries [in LAC] will not go back to pre-pandemic GDP until 2023, and real income per capita until 2025,” whereas the US is expected to recover fully by 2022.
What is behind the asymmetric consequences of COVID-19?
Whereas differences in access to international capital and fiscal space may have played a part, most of the short-lived spike in Latin American sovereign spreads was offset by the flattening of international interest rates and rapidly reversed, with a neutral net effect in financing costs (Levy Yeyati and Valdés 2020). Instead, the nature of the labour market can help explain North-South differences i
By Reuters Staff
7 Min Read
Posts circulating on social media allege that “only 133 million registered voters voted” to falsely claim that the number of votes cast for Joe Biden is not mathematically possible. The calculation on which this claim is based on is misleading. The nationwide voter turnout is usually calculated using the eligible-voting population as a denominator, not the number of registered voters. Around 239,247,182 people were eligible to vote in 2020. While there is no available figure yet for nationwide registered voters for 2020, Reuters calculations found there were an estimated 206,557,583 registered voters as of the publication of this article.
Reuters Fact Check. REUTERS
Greater Binghamton s Unemployment Rate Decreases in November 2020, Still Up From November 2019 wicz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wicz.com Daily Mail and Mail on Sunday newspapers.