Skanda AmarnathBy 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…Aug 27, 2020Aug 27, 2020
Skanda AmarnathThe Fed Still Needs To Do Its Part — Six Ways To Improve The Evans Rule To Recover Jobs And WagesAuthors: Skanda Amarnath & Sudiksha JoshiJul 29, 2020Jul 29, 2020
Skanda AmarnathThe Success of the Evans Rule and The Case For State-Based Quantitative Forward GuidanceAuthor: Skanda Amarnath & Sudiksha JoshiJul 28, 2020Jul 28, 2020
Skanda AmarnathHow Congress Can Stop The Fed From Dragging Its Feet In How It Lends To MunicipalitiesSummary:Jun 12, 2020Jun 12, 2020
Skanda AmarnathThe Fed Can And Should Support State Government Efforts To Respond To COVID-19 Right NowAuthors: Skanda Amarnath (Employ America), Yakov Feygin (Berggruen Institute)Mar 15, 20201Mar 15, 20201
Skanda AmarnathCOVID-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…Mar 9, 2020Mar 9, 2020
Skanda AmarnathTracking 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…Feb 6, 2020Feb 6, 2020
Skanda AmarnathThe 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…Aug 12, 20191Aug 12, 20191
Skanda AmarnathAre 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…Jun 14, 2019Jun 14, 2019
Skanda AmarnathThe 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…Jun 13, 20191Jun 13, 20191