Catch up with Kartik Athreya as he answers questions about his experiences in his first year as director of research at the New York Fed. Kartik discusses some of the unique aspects of being a New York Fed economist, the importance of research, and the topics that have most resonated with him over the past year.| 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
Wage growth has moderated notably following its post-pandemic surge, but it remains strong compared to the wage growth prevailing during the low-inflation pre-COVID years. Will the moderation continue, or will it stall? And what does it say about the current state of the labor market? In this post, we use our own measure of wage growth persistence – called Trend Wage Inflation (TWIn in short) – to look at these questions. Our main finding is that, after a rapid decline from 7 percent at i...| Liberty Street Economics