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Peter Ganong
p_ganong
Long-term unemployment and repeat unemployment have soaredMy biggest concern about the American Rescue Plan is that it lacks funding to help hardest hit from pandemic get back to workBelow, I
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new paper on labor market & expanded UI benefits Tldr: spending more than expected, job search order of magnitude less than expected1) rise of repeat unemployment2) effect
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If stimulus checks were larger, would people spend more? Natural starting point: how were the checks that went out in April and May spent?tldr: we have no idea estimates all
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new, important results from #JPMCInstitute on the evolution of how much people have in their bank accounts this yearbalances remain elevated, but are falling, especially at the bottom of the
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About 9 million people are set to exhaust unemployment benefits at the end of this year. What happens to spending at exhaustion?tldr: 1) people don’t prepare for exhaustion 2) cut
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new predictions of effects of alternative UI benefit supplements The UI supplements have expired. Congress is considering a range of options.What will happen to 1) *consumption*2) *UI replacement rates*Thread w/@JoeVavra
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new working paper “Why Do Borrowers Default on Mortgages? A New Method For Causal Attribution” with @pascaljnoelTwo theories for why:1) strategic 2) life eventsFor 30 years, economists have been trying
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