Inflation in the U.S. has experienced unusually large movements in the last few years, starting with a steep rise between the spring of 2021 and June 2022, followed by a relatively rapid decline over the past twelve months. This marks a stark departure from an extended period of low and stable inflation. Economists and policymakers have expressed differing views about which factors contributed to these large movements (as reported in the media here, here, here, and here), leading to fierce de...| Liberty Street Economics
A look at the causes of the rise in consumer price index food inflation from the start of the COVID-19 pandemic until now.| 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