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Pandemic Inflation: What Labour-Force Participation Revealed
What did the first two quarters of 2020 reveal about the apparent unemployment gap during the pandemic shock?
Dificultad: MedioWhat is the participation gap intended to capture in analysing pandemic labour-market slack?
Dificultad: FácilAccording to the article's estimate, how much higher would inflation have been absent the pandemic-related participation decline?
Dificultad: DifícilWhy did the unemployment-only Phillips curve give a misleading reading of inflation pressure during the pandemic?
Dificultad: MedioHow does an augmented Phillips curve differ from an unemployment-only Phillips curve in this context?
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