蘑菇传媒

Narayana Kocherlakota, the Lionel W. McKenzie Professor of Economics, says the prospects for economic recovery depend on how effectively we can combat COVID-19.

蘑菇传媒 students graduating in a recession need to cast a wide net and lean on the University community during the search process, says Greene Center executive director Joe Testani.

Rochester economist Lisa Kahn says multiple factors鈥攏ot just stay-at-home orders鈥攃ombined to generate the recent collapse in the labor market.

An analysis by Rochester economist Kegon Tan shows that increases and decreases in payments for the affluent affect what they leave behind, not what they spend.

In advance of this week's Fed meeting, Kocherlakota calls on the Fed to prohibit banks from paying dividends to shareholders. "Banks should be keeping as much capital as they can," he says.

Without a coordinated system of testing, tracing, and quarantining for COVID-19, economic activity cannot resume鈥攁nd the downturn will be steeper and longer than any since before World War II, says Rochester economist Narayana Kocherlakota.

鈥淧roximity is usually associated with intimacy, and distance with strangeness,鈥� explains Rochester anthropologist Robert Foster. 鈥淭he public challenge at the moment is that we must learn to express our care and concern by maintaining distance, which is counter-intuitive.鈥�

The $2 trillion stimulus plan working its way through Congress likely won鈥檛 be adequate to save the US economy from recession in the face of the coronavirus pandemic, says 蘑菇传媒 economist Narayana Kocherlakota.

At the committee's first meeting of 2020, Rochester professor Narayana Kocherlakota expects the Federal Open Market Committee to hold the course on interest rates, as issues from trade wars to impeachment loom.

With an outbreak of coronavirus making for an unusual travel season, Rochester faculty describe the traditions鈥攁nd logistical challenges鈥攁s more than 1.3 billion Chinese go on vacation at the same time to mark the new year.

Rochester professor of economics Narayana Kocherlakota expects to be disappointed this week, as the Federal Reserve Open Market Committee has signaled that it will make no changes to an eight-year-old policy statement for meeting inflation and unemployment goals.

The Great Recession officially lasted through June 2009, with unemployment levels peaking in October of that year. And while unemployment is now the lowest it鈥檚 been in the last 50 years, Rochester experts say the recession is still very much with us.