“If either the labor market doesn’t behave, or expectations don’t behave, the small increase in unemployment the Fed projects won’t be enough. Either inflation will stay substantially higher, or we will have higher unemployment and a substantial economic slowdown.” In their contribution for the Brookings Papers on Economic Activity (BPEA), Laurence Ball, Daniel Leigh, and Prachi Mishra analyze why the pandemic-related surge in inflation has persisted and where inflation might be heading.
Join us today and tomorrow for in-depth discussions on the fall 2022 edition of BPEA. Expert panels will cover issues such as inflation, household spending during the pandemic, and the strength of the dollar.
Student loan debt has soared in recent decades and now tops $1.6 trillion. William Galston outlines how recent public opinion polling illuminates the strengths and vulnerabilities of President Biden’s plan to lessen the burden of student loans.
On the latest episode of Dollar & Sense, Sanjay Patnaik and David Dollar discuss how a free trade partnership between the United States and the European Union could improve both economies, increase jobs, and strengthen democracy.
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
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