) - adjusted its reaction coefficients according to an estimated Taylor-type rule in response to the COVID-19 pandemic and the … dampened the macroeconomic volatility during the pandemic. We attribute these changes to the lower sensitivity of inflation to …

explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate … of employment growth to TFP shocks estimated from Census data induce significant skewness, movements in volatility and …