Publications - Federal Reserve Bank of Atlanta - FRB Atlanta A variety of Atlanta Fed print, online, and other materials dealing with economic and financial topics. These publications appeal to a wide range of readers, from students and teachers of economics to bankers, businesspeople, and professional economists. en-us Atlanta Fed Logo Economic Uncertainty before and during the COVID-19 Pandemic D82ED043-66BF-47AF-AD10-12E3D1472373 Fri, 10 Jul 2020 07:30:00 EST The authors of this working paper examine several economic uncertainty indicators before and during the COVID-19 pandemic. Although the indicators showed uncertainty in reaction to the pandemic and its economic fallout, the fluctuations highlight the difference in uncertainty measures between Wall Street and Main Street. The Impact of COVID-19 on Low- to Moderate-Income Communities 43F50D6A-198C-4ABE-AFAE-B1F7ABD0F53D Tue, 07 Jul 2020 08:57:00 EST How is the pandemic affecting economic resiliency nationwide? A new Federal Reserve report summarizes the findings of a nationwide survey on perspectives from Main Street. Evaluating the Benefits of a Streamlined Refinance Program 381A1657-C16D-4796-ADCF-8380287D2540 Thu, 25 Jun 2020 16:07:00 EST This Policy Hub article examines the effects of a streamlined refinance program that would allow some borrowers to refinance without needing to document employment or income. Alternative Methods for Studying Consumer Payment Choice E02C1F7C-E9E0-40DF-A795-32D2E1DABAD3 Tue, 23 Jun 2020 07:30:00 EST Using machine learning techniques applied to consumer diary survey data, the author of this working paper examines methods for studying consumer payment choice. These techniques, especially when paired with regression analyses, provide useful information for understanding and predicting the payment choices consumers make. Measuring and Managing COVID-19 Model Risk F5E02CF2-CE24-48D7-8C6F-45E0A47AFEBC Thu, 18 Jun 2020 17:02:00 EST This Policy Hub article examines the role and importance of model risk management and how the resulting models can better inform decisions. Mismatch of Jobs and People: Do Migration Constraints Put Racial Minorities at a Disadvantage? E05EE380-FD63-48FE-A6C3-E70BA1289CD8 Fri, 12 Jun 2020 13:35:00 EST This Policy Hub article examines the role that a reluctance or inability to relocate plays in the geographic mismatch of jobs and workers, noting a greater mismatch among racial minorities. The Federal Reserve's Liquidity Backstops to the Municipal Bond Market during the COVID-19 Pandemic 46C45327-BF56-442E-9979-CF8ACF7B0944 Thu, 28 May 2020 09:44:00 EST This Policy Hub article provides initial evidence of the effectiveness of some of the Federal Reserve’s facilities in calming the municipal bond market after the COVID-19 pandemic struck. Discount Shock, Price-Rent Dynamics, and the Business Cycle B7933B18-3329-4452-8FE5-EBB35B54A151 Thu, 21 May 2020 14:06:00 EST To account for the volatility of the price-rent ratio in commercial real estate, the authors develop a model that identifies the discount shock as the most important factor in driving price-rent dynamics and links the dynamics in the real estate market to those in the real economy. Cyclical Lending Standards: A Structural Analysis 9A298A9E-C857-459D-8846-0667F3F33778 Thu, 21 May 2020 14:05:00 EST Examining the cyclical nature of lending standards, the authors use micro data to reveal that an exogenous shock to credit supply drives cyclical lending standards and accounts for a significant portion of fluctuations in bank loans and aggregate output. Why Cash Transfers Are Good Policy in the COVID-19 Pandemic E2E59AC1-8387-4C6E-9FC9-B3076E5170C2 Thu, 14 May 2020 15:25:00 EST This Policy Hub article finds that cash transfers mitigate the surge in consumption inequality triggered by the pandemic and provide liquidity-constrained workers with the financial resources to shelter at home.