Unemployment, labor costs, and recessions: implications for the inflation outlook

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Fee, Kyle; Schweitzer, Mark E.;
  • Journal: Economic Commentary,issue Sept
  • Subject: Recessions; Inflation (Finance); Inflation targeting

Economists have been arguing about the connection between unemployment and infl ation for decades. Critics claim that the connection is unreliable and leads policymakers astray, while others argue that the relationship is useful for forecasting. We examine the more dire... View more
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