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Full-Text Articles in Macroeconomics
County-Level Unemployment Dynamics Following The Covid Recession: The Effects Of Ppp Loan Take Up, Preston Antes
County-Level Unemployment Dynamics Following The Covid Recession: The Effects Of Ppp Loan Take Up, Preston Antes
Honors Theses
The COVID-19 pandemic caused a nationwide shutdown, dragging the US into a recession. To combat the effects of the pandemic on the economy, Congress created the Paycheck Protection Program (PPP) with the focus of preserving jobs and providing liquidity to small businesses. PPP created low-interest, forgivable business loans with forgiveness tied to a few benchmarks, providing a de facto cash transfer to small businesses. Did PPP preserve jobs? When examining Mississippi, this paper shows that counties with high cyclical unemployment participated more intensely in the program. Furthermore, the research shows that as loan totals grew within a county, local labor …
An Analysis Of Demand-Pull Inflation In The United States Post-Pandemic, Isabella A. Moynihan
An Analysis Of Demand-Pull Inflation In The United States Post-Pandemic, Isabella A. Moynihan
Honors Theses
The COVID-19 pandemic led to a global shutdown of the economy resulting from both demand and supply shocks. Also, the significant decline in output and employment in the immediate aftermath of the pandemic led to a fast reaction from the government in the form of large fiscal rescue packages. At the end of 2021, the acceleration of inflation, which had been dormant for more than four decades, became the main topic of macroeconomic debates. The debate has revolved around the influence of cost-push versus demand-pull causes of inflation. The dominant view in the United States has been that inflation resulted …