Economics in Person
Economics in Person is a web-based video series that features FRBSF economists and their research. In each video segment, viewers are invited to sit in on a discussion about special topics related to the U.S. economy.
Understanding the Slow Recovery
Video topics include an outlook and overview of the U.S. recovery, why this recovery is different, and the effects of uncertainty on the recovery. Each video was filmed live during the economics seminar at the 2013 Conference of Twelfth District Directors in San Francisco, California.
Dr. Mark M. Zandi, Chief Economist of Moody’s Analytics, discusses the factors that have weighed on the economic recovery, including the housing crash, deleveraging, fiscal drag, and the loss of confidence and heightened uncertainty (video, 28:37).
FRBSF Economist Òscar Jordà discusses the genesis of financial crises and their aftermath using the last 140 years of data on 17 industrialized economies (video, 29:38).
Dr. Nicholas Bloom of Stanford University discusses economic policy uncertainty and its effect on the recovery (video, 31:06).
The Future Path of Unemployment
As the economy continues to recover from the Great Recession, a large pool of discouraged workers is poised to return to the labor force. Because these workers are not included in the official unemployment picture, their return to the labor market will impact the future of the unemployment rate. FRBSF Economist Òscar Jordà discusses these relationships in detail and their potential impacts on policy (video, 5:25).
U.S. Income Inequality in Perspective
The latest Economics in Person segments are feature-length videos addressing U.S. income inequality during the April 2012 live filming of the economics seminar at the 2012 Conference of Twelfth District Directors in Los Angeles, California.
Economist Bradley Heim discusses trends in the top 10%, 5%, and 1% of U.S. income earners, how the U.S. income distribution compares to other countries, and possible explanations for shifting trends (video, 31:05).
FRBSF Economist Robert Valletta discusses the growing gap between low and high earners across the entire U.S. wage distribution and addresses its implications on the American middle class (video, 27:01).
FRBSF Economist Mary C. Daly discusses the extent to which individuals and families in the U.S. achieve upward economic and social mobility, focusing on comparisons over time and to other countries (video, 28:54).
U.S. Labor Market Issues and the Great Recession
Economics in Person begins with a three-part feature of economist Mary C. Daly discussing U.S. labor market issues and the Great Recession.
The first installment introduces the legacy of the Great Recession and its large toll on jobs (video, 4:48).
The road to recovery has been slow, given sluggish hiring activity despite a decline in layoffs (video, 4:28).
A discussion on aging baby boomers and declining labor force participation concludes the three-part feature (video, 4:15).