Phone: (202) 540-7738
In this analysis we offer inflation-related updates to Chapter 1 of Recession Remedies: Lessons Learned from the U.S. Economic Policy Response to COVID-19, highlighting that the service sector has replaced goods as the primary driver of inflationary pressure in recent months, and that the continued rise in inflation has led to further declines in real wages in aggregate.
On April 27 and 28, experts examined the economic policy response to COVID-19 and identified lessons for future recessions. Catch up with the recording.
In the United States, COVID-19 triggered a sharp economic downturn. Yet, the ensuing economic recovery was faster and stronger than nearly any forecaster anticipated due in part to the swift, aggressive, and creative fiscal and monetary policy response in the U.S. While the next recession most likely won’t be triggered by a pandemic, the response can be informed by lessons learned from the COVID-19 recession.
Reviews the macroeconomic impact of the breadth of the economic policy responses that produced a recovery that, while stronger than generally anticipated and stronger than those of other advanced economies, has also been accompanied by an unwelcome increase in inflation.
A Hamilton Project analysis on how household balance sheets have evolved since the onset of the COVID-19 pandemic finds that, in aggregate, households’ financial positions in 2022 are remarkedly improved relative to 2019.
To conclude the year, Veronica Clevenstine, Wendy Edelberg, Moriah Macklin, Beatriz Rivera, Winnie Yee present a month-by-month journey in figure through The Hamilton Project's research, analysis, and policy proposals.
In this analysis Lauren Bauer and Wendy Edelberg identify when and which people are returning to labor market and explore how changing participation rates by different groups is contributing to the labor market recovery.
"In this analysis, Wendy Edelberg examines the economic factors driving the recent elevation in inflation levels, identifying extraordinary pandemic-related changes in consumer demand and issues in supply-chains that have impacted prices in the core goods sector, in particular."
Lauren Bauer, Veronica Clevenstine, Wendy Edelberg, Elisabeth Raczek, and Winnie Yee explore how the decision whether to enroll in school or work during the pandemic have played out through the 2020-21 academic school year and the summer of 2021.
In these Economic Facts, the Hamilton Project reviews recent economic data to provide context for assessing the state of the economic recovery and highlight areas that remain short of a return to normal.
Wendy Edelberg and Louise Sheiner delineate how the economy is likely to suffer lasting and avoidable damage should the debt limit bind.
Stephanie Aaronson, Mitchell Barnes, and Wendy Edelberg discuss the benefits and potential limitations of promoting a tight labor market to eliminate racial and ethnic disparities in unemployment rates.