A measure of the trend, or “persistent,” component of personal consumption expenditures (PCE) price inflation.| www.newyorkfed.org
Argia Sbordone is the head of Macroeconomic and Monetary Studies. Her research is in the field of macro and monetary economics, with a focus on the analysis of business cycle fluctuations. Her work includes studies of productivity fluctuations, wage and price dynamics, and inflation persistence. Her current research focuses on monetary policy and inflation dynamics. Ms. Sbordone received her Ph.D. from the University of Chicago. She has taught at Princeton University and at Rutgers University.| www.newyorkfed.org
The key features of the recent inflation spike and subsequent moderation may look quite different in hindsight once further revisions have taken place.| Liberty Street Economics
Fields of interest| www.newyorkfed.org
A look at the international and domestic factors behind the rise and fall of inflation around the world in the aftermath of the COVID-19 pandemic.| Liberty Street Economics
A look at whether unexpected costs, such as energy, drive up the cost of living and result in workers demanding higher wages, contributing to inflation.| Liberty Street Economics
The authors examine the unemployment-inflation trade-off over the past few years through the lens of a New Keynesian Phillips curve.| Liberty Street Economics