How Long to Read Understanding U.S. Inflation During the COVID Era

How Long Does it Take to Read Understanding U.S. Inflation During the COVID Era?

It takes the average reader to read Understanding U.S. Inflation During the COVID Era by Laurence M. Ball

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Description

This paper analyzes the dramatic rise in U.S. inflation since 2020, which we decompose into a rise in core inflation as measured by the weighted median inflation rate and deviations of headline inflation from core. We explain the rise in core with two factors, the tightening of the labor market as captured by the ratio of job vacancies to unemployment, and the pass-through into core from past shocks to headline inflation. The headline shocks themselves are explained largely by increases in energy prices and by supply chain problems as captured by backlogs of orders for goods and services. Looking forward, we simulate the future path of inflation for alternative paths of the unemployment rate, focusing on the projections of Federal Reserve policymakers in which unemployment rises only modestly to 4.4 percent. We find that this unemployment path returns inflation to near the Fed’s target only under optimistic assumptions about both inflation expectations and the Beveridge curve relating the unemployment and vacancy rates. Under less benign assumptions about these factors, the inflation rate remains well above target unless unemployment rises by more than the Fed projects.

How long is Understanding U.S. Inflation During the COVID Era?

Understanding U.S. Inflation During the COVID Era by Laurence M. Ball is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read Understanding U.S. Inflation During the COVID Era Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read Understanding U.S. Inflation During the COVID Era aloud.

What Reading Level is Understanding U.S. Inflation During the COVID Era?

Understanding U.S. Inflation During the COVID Era is suitable for students ages 2 and up.

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