Finding•Nov 16, 2021
COVID Uncertainty: A Tale of Two Tails
Philip Bunn, David Altig, Lena Anayi, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, Paul Mizen, Greg Thwaites
The nature of firm-level uncertainty about future growth rates has shifted greatly since the pandemic struck: Initially, business executives perceived an enormous increase in downside uncertainty, but as of October 2021, almost all the extra firm-level uncertainty is to the upside.
Finding•Jul 28, 2021
Internet Access and its Implications for Productivity, Inequality, and Resilience
Jose Maria Barrero, Nicholas Bloom, Steven J. Davis
Moving to high-quality, fully reliable home internet service for all Americans would raise earnings-weighted labor productivity by an estimated 1.1% in the coming years, with implied output gains of $160 billion per year, or $4 trillion when capitalized at a 4% rate.
Topics: COVID-19, Employment & Wages