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Daily Financial Regulation Update -- Saturday, October 24, 2020

October 24, 2020

By FedACTion Task Force

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Congress

to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

Federal Agencies

Federal Reserve Board

Economics and Epidemics: Evidence from an Estimated Spatial Econ-SIR Model

October 23, 2020

The Divisions of Research & Statistics and Monetary Affairs of the Federal Reserve Board released a paper titled “Economics and Epidemics: Evidence from an Estimated Spatial Econ-SIR Model.” According to the paper, economic analysis of effective policies for managing epidemics requires an integrated economic and epidemiological approach.

Federal Reserve Bank of New York

How Has China’s Economy Performed under the COVID-19 Shock?

October 23, 2020

The Federal Reserve Bank of New York’s Liberty Street Economics blog released a post titled “How Has China’s Economy Performed under the COVID-19 Shock?” The authors examine the impact of the COVID-19 crisis on China’s Gross Domestic Product growth using a set of alternative growth indicators.

Treasury Market Liquidity and Early Lessons from the Pandemic Shock

October 23, 2020

Lorie K. Logan, Executive Vice President at the Federal Reserve Bank of New York, gave remarks at the Brookings-Chicago Booth Task Force on Financial Stability meeting on Treasury market liquidity and early lessons from the COVID-19 shock.

At the New York Fed: Sixth Annual Conference on the U.S. Treasury Market

October 23, 2020

The Federal Reserve Bank of New York’s (New York Fed) Liberty Street Economics blog released a post titled “At the New York Fed: Sixth Annual Conference on the U.S. Treasury Market.”

Federal Reserve Bank of Boston

The COVID-19 Recession: Why It’s Different, What That Means for Cities, Service Workers, and Education

October 23, 2020

Christopher Foote, Senior Economist and Policy Advisor at the Federal Reserve Bank of Boston (Boston Fed), discussed COVID-19’s impact on the Boston Fed’s podcast, Six Hundred Atlantic.

International

European Commission

Latest Eurobarometer Survey (July-August): Economic Situation is EU Citizens’ Top Concern in Light of the Coronavirus Pandemic

October 23, 2020

According to a Standard Eurobarometer survey released by the European Commission, trust in the EU remains stable in a troubled period marked by the COVID-19 pandemic, and Europeans trust the EU to make the right decisions in response to the COVID-19 pandemic in the future.