Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar’s Imperial Circle
Macro Musings with David Beckworth
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The Disruption of Supply and Demand in the US Pandemic
The early part of the pandemic can be thought of as a supply side inflation, these disruptions to production and ports. But if you look at your measure now, it's come down a lot, right? It's actually, I think, negative or it's dropped below the pre-pandemic level. So can I interpret from that that the inflation we're still seeing is probably more demand driven now? Whereas theEarly part of the inflation was more supply side driven.
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