When does inflation increase slowly ("hump-shaped") vs rapidly? When do different drivers (wages, markups, etc) play bigger roles?
My #JMP explores these Qs by bringing a key variable back to the center of the debate: capacity utilization
A thread 🧵👇
When does inflation increase slowly ("hump-shaped") vs rapidly? When do different drivers (wages, markups, etc) play bigger roles?
My #JMP explores these Qs by bringing a key variable back to the center of the debate: capacity utilization
A thread 🧵👇
When does inflation increase slowly ("hump-shaped") vs rapidly? When do different drivers (wages, markups, etc) play bigger roles?
My #JMP explores these Qs by bringing a key variable back to the center of the debate: capacity utilization
A thread 🧵👇
When does inflation increase slowly ("hump-shaped") vs rapidly? When do different drivers (wages, markups, etc) play bigger roles?
My #JMP explores these Qs by bringing a key variable back to the center of the debate: capacity utilization
A thread 🧵👇