Skanda Amarnath·Aug 27, 2020By Doubling Down On Inflation Targeting, The Fed Is At Risk of Forgetting Lessons From 2008 & 2011The Fed has chosen to double down on an inflation-oriented framework for setting monetary policy. While there are some advantages in the…
Skanda Amarnath·Jul 29, 2020The Fed Still Needs To Do Its Part — Six Ways To Improve The Evans Rule To Recover Jobs And WagesAuthors: Skanda Amarnath & Sudiksha Joshi
Skanda Amarnath·Jul 28, 2020The Success of the Evans Rule and The Case For State-Based Quantitative Forward GuidanceAuthor: Skanda Amarnath & Sudiksha Joshi
Skanda Amarnath·Jun 12, 2020How Congress Can Stop The Fed From Dragging Its Feet In How It Lends To MunicipalitiesSummary:
Skanda Amarnath·Mar 15, 2020The Fed Can And Should Support State Government Efforts To Respond To COVID-19 Right NowAuthors: Skanda Amarnath (Employ America), Yakov Feygin (Berggruen Institute)A response icon1A response icon1
Skanda Amarnath·Mar 9, 2020COVID-19 and Low Interest Rates Make Fiscal Stimulus And Enhanced Automatic Stabilizers A…The impact of COVID-19 is likely to be sizeable. Regardless of the precise composition of the shock to supply and demand, further…
Skanda Amarnath·Feb 6, 2020Tracking Gross Labor Income In Real-Time Without RevisionsThe official national accounts estimate of gross labor income (GLI) is based on the Quarterly Census of Employment and Wages (QCEW), but…
Skanda Amarnath·Aug 12, 2019The Fed’s Revelations About The Labor Market Warrant A New Approach To PolicyThe Fed now recognizes that its interventions have helped to create millions of jobs and promoted a better equilibrium in the long run. A…A response icon1A response icon1
Skanda Amarnath·Jun 14, 2019Are Recessions Rare? Depends On The Definition: Lessons From The Prime-Age Employment RateRecessions are commonly defined as real GDP contracting for two consecutive quarters, but this definition is both arbitrary and heavily…
Skanda Amarnath·Jun 13, 2019The Northern Frontier: What Prime-Age Employment In The US & Canada RevealThe prime-age employment-to-population (PA EPOP) ratio is better than the headline (U-3) unemployment rate as a barometer of labor…A response icon1A response icon1