Assignment 2. The Economic Consequences of the Pandemic. Differences across the world

and policy responses.

Due Friday 16, 2020 send it by email at

Every answer should have a maximum of 1000 words

Plagiarism will be severely penalized with a zero grade for ALL problem sets

1. Analyze the impact of the pandemic in the labor market in US since March 2020. Focus on the
unemployment rate evolution and insurance claims. Disaggregate it by education levels, and
also by race. Explain thoroughly. You can find information and data in Congressional Budget
Office, FRED data of the Fed, Bureau of Economic Analysis and Burau of Labor Statistics.

2. Can you asses the consequences of the pandemic in the hospitality industry in New York and in
the US at large?

3. What is behind of the success of some Eastern African Countries in controlling the pandemic and
in exhibiting dynamic growth rates compared to most of the countries in the world?

4. Assess the state of negotiations in the US for the next stimulus bill to help out workers and small
business. There has been plenty of discussion this week about the topic and why workers and
business need a new stimulus bill.

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