Hana Braitsch

Economic Commentaries

• Economic Commentary

  A New Measure of Consumers’ (In)Attention to Inflation

  Hana Braitsch James Mitchell
  10.19.2022 | EC 2022-14
  The Bank’s daily survey solicits consumers’ inflation expectations, and researchers use the data to propose a new measure of attention to inflation.
  
  Topics: Inflation, Econometrics modeling and forecasting
  
• Economic Commentary

  PPP Loans & State-level Employment Growth

  Murat Tasci Bezankeng Njinju Hana Braitsch
  11.22.2021 | EC 2021-20
  In this Economic Commentary, we focus on the first round of Paycheck Protection Program (PPP) loans granted beginning in March 2020 until early August 2020, when turbulence in the labor market was pronounced, in order to demonstrate the PPP’s effects on local labor markets. We find that PPP loans helped mitigate the negative impact of the pandemic recession on state-level employment growth. States that received most of their funding early in the loan period had smaller employment declines than did states that received comparable funds later in the period.
  
  Topics: Labor economics, State and local economies