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Feature. GenAI and Real-World Productivity. Michael Schwarz, chief economist at Microsoft, and Sylvain Leduc, director of Economic Research at the San Francisco Federal Reserve, held a live discussion on generative AI and worker productivity.
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Daily News Sentiment Index - San Francisco Fed
Chart 1: Daily News Sentiment Index: Historical View. Note: Chart 1 shows moving averages of daily news sentiment scores since 1980; higher values indicate more positive sentiment, and lower values indicate more negative sentiment.
Does Working from Home Boost Productivity Growth?
Jan 16, 2024 · An enduring consequence of the COVID-19 pandemic is a notable shift toward remote and hybrid work. This has raised questions regarding whether the shift had a significant effect on the growth rate of U.S. productivity. Analyzing the relationship between GDP per hour growth and the ability to telework across industries shows that industries that are more adaptable to remote work did not ...
Why Is U.S. Inflation Higher than in Other Countries?
Mar 28, 2022 · Inflation rates in the United States and other developed economies have closely tracked each other historically. Problems with global supply chains and changes in spending patterns due to the COVID-19 pandemic have pushed up inflation worldwide. However, since the first half of 2021, U.S. inflation has increasingly outpaced inflation in other developed countries. Estimates suggest that fiscal ...
How Do Low and Negative Interest Rates Affect Banks?
Aug 23, 2021 · Developed countries have recently turned to very low—even negative—interest rates to try to stimulate their economies. Low or negative rates can affect banks in novel ways because they often base their retail rates on the policy rate. In particular, the rate banks pay households for deposits usually remains at zero during times of low or negative policy rates, rather than falling together ...
How Much Do Supply and Demand Drive Inflation?
Jun 21, 2022 · Inflation has remained at levels well above the Federal Reserve’s inflation goal of 2% for over a year. Separating the underlying data from the personal consumption expenditures price index into supply- versus demand-driven categories reveals that supply factors explain about half of the run-up in current inflation levels. Demand …
Local projections for applied economics. ⋆ Oscar Jord ` a` † July 2023. Abstract. The dynamic causal effect of an intervention on an outcome is of paramount interest
How Quickly Do Prices Respond to Monetary Policy?
Apr 8, 2024 · With inflation still above the Federal Reserve’s 2% objective, there is renewed interest in understanding how quickly federal funds rate hikes typically affect inflation. Beyond monetary policy’s well-known lagged effect on the economy overall, new analysis highlights that not all prices respond with the same strength or speed. …