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Full-Text Articles in Social and Behavioral Sciences
A Comparative Analysis Of 14 Central Banks’ Monetary Responses Before And After The Covid-19 Pandemic In Relation To Central Bank Independence, Emelle Stottele
A Comparative Analysis Of 14 Central Banks’ Monetary Responses Before And After The Covid-19 Pandemic In Relation To Central Bank Independence, Emelle Stottele
CMC Senior Theses
In theory, during periods of economic downturn, economic policy should follow a countercyclical pattern. In this light, following the recent COVID-19 pandemic, monetary policy is expected to be contractionary. However, prior research shows that the cyclical nature of monetary policy can vary significantly across different countries. Research also suggests that these monetary responses differ based on the level of independence a central bank has for decision-making from government influence. This thesis studies the effects of the COVID-19 pandemic on the monetary responses across a panel of 14 countries from January 2018 to August 2022, capturing the impacts of the pandemic. …
Heterogeneity In The Covid-19 Pandemic’S Labor Market Effects, Carlos Montelongo
Heterogeneity In The Covid-19 Pandemic’S Labor Market Effects, Carlos Montelongo
CMC Senior Theses
In the wake of the COVID-19 pandemic, labor market outcomes in the United States drastically changed as the country entered its first recession since the Great Recession. The lives of millions of Americans became upended as economic shutdowns and lockdown orders spread across the United States. This paper attempts to quantify and examine the heterogeneity of employment trends before, during, and after the COVID-19 pandemic along the following four dimensions: race/ethnicity, gender, education, and age. By using cross-sectional data from the Current Population Survey, I gathered a representative sample of different demographic groups in the United States. My objective is …
The Paycheck Protection Program's Effect On Real Estate Prices, Someswar Amujala
The Paycheck Protection Program's Effect On Real Estate Prices, Someswar Amujala
CMC Senior Theses
This paper investigates the relationship between the Paycheck Protec- tion Program (PPP) and real estate price increases. The Paycheck Protection Program was established by the Small Business Association in 2020 to pro- vide forgivable loans to businesses to aid with potential losses from COVID- 19 impacts. I leverage zip code level data across the United States and a fixed effects panel data model to quantitatively measure the PPP’s influence on housing and rental prices. I find a positive and significant relationship between the number of PPP loans disbursed and housing and rental rates. Specifically, a 1% change in the number …