Which hat looks better, Ten31 or My American Bitcoin hat? Help me settle my blood feud with Ten31 over @ODELL ‘s cranial real estate.
https://m.primal.net/KlOV.jpg nostr.fmt.wiz.biz
COBOLing together UI benefits: How delays in fiscal stabilizers affect aggregate consumption
==========
The COVID-19 pandemic caused a severe contraction in U.S. economic activity; federal government spent over $5 trillion on subsidies, transfers, grants, and tax cuts; administrative capacity issues hindered policy response; massive spike in unemployment insurance (UI) claims led to delays in benefit disbursement; 22 states had modernized their UI systems by 2020, abandoning COBOL; consumption fell more in states using COBOL, with a 2.8-percentage-point larger decline from March 13, 2020 to December 31, 2020; failure to modernize UI systems resulted in at least $105 billion lower real GDP; delays in UI benefits reduced consumption due to lower marginal propensity to consume; study conducted by Michael Navarrete, published on September 9, 2024.
#Covid19 #UnemploymentInsurance #EconomicPolicy #FiscalStabilizers #Cobol #Consumption #Gdp #LaborMarket #EconomicRecovery #PolicyAnalysis
https://www.brookings.edu/articles/coboling-together-ui-benefits/ nostr.fmt.wiz.biz
Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. nostr.fmt.wiz.biz
Oddbean new post about login | logout
Notes by c9abfce7 | export