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Skanda Amarnath

Executive Director skanda@employamerica.org

About

As co-founder and Executive Director of Employ America, Skanda both leads our economic policy advocacy and ensures the long-term sustainability of the organization. Skanda’s commitment to our mission of full employment informs all of his work, from regular analyses of price and jobs data, to interpreting and forecasting market conditions, to developing new frameworks for Federal Reserve policy, strategy, and communication.

Skanda draws on a foundation of knowledge and career experience at the intersection of finance and policy. He was Vice President at MKP Capital Management operating as a market economist and strategist, and previously served as an Analyst within the Capital Markets function of the Research Group at the Federal Reserve Bank of New York. He has undergraduate degrees in Applied Mathematics and Economics from Columbia, and holds a Juris Doctor degree from Columbia Law School.

A frequent media guest and commentator, Skanda has been featured or quoted in the New York Times, the Atlantic, Heatmap News, Politico, Vox, the Wall Street Journal, Forbes, the American Prospect, the Washington Post, and more. He is also a regular contributor to Bloomberg’s Odd Lots newsletter. Skanda is based in Jersey City, NJ, and enjoys cooking, tennis, and cycling in his spare time.

Skanda Amarnath's Work

692 Posts
Skanda Amarnath

By Skanda Amarnath & Sudiksha Joshi While the Federal Reserve (Fed) cannot unilaterally deliver a swift recovery from the COVID-19 economic recession, it can still play a useful supporting role through its commitment to keep interest rates low. The Fed faces the same zero lower bound (ZLB) constraint that it

By Skanda Amarnath Executive Summary The pricing of the Municipal Liquidity Facility (MLF) makes it virtually irrelevant for most municipal debt issuers because current market prices are well above those that the Federal Reserve (Fed) is offering. The success or failure of the MLF should be judged not solely by

State governments are on the front line of the COVID-19 pandemic and its economic fallout. The pace of the Federal response remains slow and local funding needs are still at risk of going unmet.

The impact of COVID-19 is likely to be sizable. Regardless of the precise composition of the shock to supply and demand, further macroeconomic policy action is now necessary.

The Fed now recognizes that its interventions have helped to create millions of jobs and promoted a better equilibrium in the long run. A deeper shift to its reaction function is now needed.

Canada shows us that even when PA EPOP is pushed to new highs, wage and price acceleration does not necessarily follow or persist. It is time we rethink the interactions between labor markets and inflation.

The Quick and Dirty Case For Cutting 50bps at the June 2019 FOMC meeting

Whether you’ve been converted to #FloorGLI or you stick to the Fed’s preferred methods for framing economic developments, the case for the Fed to cut 50 basis points at the June FOMC meeting is underrated.

Floor It! Fixing the Fed’s Framework With Paychecks, Not Prices

The Federal Reserve should revise its framework to achieve at least a floor rate of gross labor income (GLI) growth, as opposed to simply tweaking its existing strategy of targeting consumer price inflation.

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