The Missing Inflation Puzzle: The Role of the Wage-Price Pass-Through
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Price inflation in the U.S. has been sluggish and slow to pick up in the last two decades. We show that this missing inflation can be traced to a growing disconnect between unemployment and core goods inflation. We exploit rich industry-level data to show that weakening pass-through from wages to
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美国国家经济研究局创建时间：
2020-08-01
