Will Slaying Inflation Require Recession?
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Can the Labor Market Rebalance Without a Sharp Rise in Unemployment?
Hatsias is more optimistic that the labor market can re balance without a sharp rise in unemployment, even if this would be unprecedented. In two thousand and 21, we had the fastest et p gross rate relative to potential in at least four decades. Extremely rapid recovery and output. Still a lot of constraints on supply, labor upply in particular,. Because of the pandemic because of the unemployment benefits., Hatsias says.
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