Money Issues Links
Economic Research, Federal Reserve Bank of St. Louis: Shift in Confidence and Fear Could Prevent Consumers From Rebounding to Their Investment and Spending Habits
"The negative economic effects of the pandemic come from two sources: capital obsolescence and belief scarring. The pandemic and lockdowns forced consumers to work and consume differently, which can generate persistent changes in tastes and habits for years to come. Capital obsolescence reflects this long-lasting change in the economic value of installed capital. For example, in the post-pandemic world there might be more online shopping instead of in-store purchases. Hence, some installed capital, for example, commercial real estate such as shopping malls, could become obsolete." more »
Fed Reserve Gov Brainard: Strengthening the Financial System to Meet the Challenge of Climate Change; opportunities for private-sector investments in low-carbon innovation, infrastructure, energy, and transportation
"There is growing evidence that extreme weather events related to climate change are on the rise — droughts, wildfires, hurricanes, and heatwaves are all becoming more common. Climate-related events are already adversely affecting the lives of many Americans. The economic and financial impacts are also increasingly evident: we are already seeing elevated financial losses associated with an increased frequency and intensity of extreme weather events. Some have described Pacific Gas and Electric's bankruptcy as the first climate-related bankruptcy of a major US corporation... more »
What GAO Found: Gender Pay Differences, The Pay Gap for Federal Workers Has Continued to Narrow, but Better Quality Data on Promotions Are Needed
As the nation's largest employer, the federal government employed about 2.7 million workers in 2019. Although the pay gap between men and women in the federal workforce is smaller than it is for the entire US workforce and has narrowed over time, studies show that pay disparities continue to exist. GAO was asked to explore the current status of pay equity in the federal workforce. This report examines how the pay gap between men and women in the federal workforce has changed since 1999, and what factors account for any remaining gap; and the extent to which OPM and EEOC have monitored and taken steps to address the pay gap in the federal workforce, including assessing potential disparities in promotions; among other objectives. more »
COVID19 Research Sources From the Federal Reserve Banks Including The Black Death in the Malthusian Economy Article
The most-current resources related to the COVID-19 pandemic from the economists and staff of the [Federal Reserve] Research Division: preliminary and published analyses, daily data updates and projections, data tools, and a timeline of related events and policy responses. For more related analysis and resources from the Federal Reserve Bank of St. Louis, see the Bank's official COVID-19 page. more »
