(1) In the introduction, you should also highlight the unprecedented fiscal and monetary policy response

Subject:WritingPrice:15.89 Bought3

Share With

(1) In the introduction, you should also highlight the unprecedented fiscal and monetary policy response. (You can even list some of the most important fiscal and monetary policy measures). You talk about the rise in national debt and the growing uncertainty about inflation, but these are mere results of the policy response.

(2) In the section, where you discuss demand shocks, you can also mention the rise in (precautionary) saving. I think you can provide more data about the impact on various industries (e.g., the most affected ones). You can also mention the effect on the earnings of technology companies. You can even provide some data on earnings.

(3) In the section about the labor market, you should discuss unemployment and labor force participation. You can mention some demographics (e.g., men vs. women), the effect of school closures on employment, etc.

(4) Provide more details about the fiscal (expanded unemployment insurance, the CARES act, the Paycheck Protection Program,...) and the monetary (drop in the federal funds rate, quantitative easing, forward guidance, multiple facilities to backstop funding for U.S. companies, banks, and local governments)

(5) You can include a couple of additional graphs, e.g., you can report unemployment and/or initial claims, (possibly) labor force participation in the section about the labor market, Fed's purchases of securities when talking about monetary policy, etc. (see, e.g., https://fred.stlouisfed.org/)