The New York Times on Nostr: America’s Luck on Unemployment May Soon Run Out ========== Gauti Eggertsson, an ...
America’s Luck on Unemployment May Soon Run Out
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Gauti Eggertsson, an economist at Brown University, introduced the term 'Beveridge threshold' at the Jackson Hole economic conference in August 2024; this concept explains the relationship between unemployment and job vacancies, suggesting a potential rise in unemployment as inflation decreases; Eggertsson and Pierpaolo Benigno analyzed 111 years of U.S. economic history, attributing two-thirds of inflation during Biden's term to demand factors; the current unemployment rate is 4.3%, close to the Beveridge threshold estimate of 4.4%; if the economy softens, unemployment may rise significantly; concerns shift from inflation to unemployment risks.
#Unemployment #Inflation #Economics #BeveridgeThreshold #GautiEggertsson #Policy #LaborMarket #EconomicHistory #DemandFactors #JacksonHole
https://www.nytimes.com/2024/09/02/opinion/unemployment-inflation-beveridge-threshold.html
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Gauti Eggertsson, an economist at Brown University, introduced the term 'Beveridge threshold' at the Jackson Hole economic conference in August 2024; this concept explains the relationship between unemployment and job vacancies, suggesting a potential rise in unemployment as inflation decreases; Eggertsson and Pierpaolo Benigno analyzed 111 years of U.S. economic history, attributing two-thirds of inflation during Biden's term to demand factors; the current unemployment rate is 4.3%, close to the Beveridge threshold estimate of 4.4%; if the economy softens, unemployment may rise significantly; concerns shift from inflation to unemployment risks.
#Unemployment #Inflation #Economics #BeveridgeThreshold #GautiEggertsson #Policy #LaborMarket #EconomicHistory #DemandFactors #JacksonHole
https://www.nytimes.com/2024/09/02/opinion/unemployment-inflation-beveridge-threshold.html