Macro Musings with David Beckworth cover image

Tara Sinclair on Real-time Economic Analysis and the Fed’s Upcoming Framework Review

Macro Musings with David Beckworth

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Pandemic-Induced Labor Market Mismatches and Recovery Patterns

This chapter examines how the pandemic has altered labor supply and demand, revealing significant mismatches in the workforce across OECD countries. It contrasts recovery approaches between nations with job retention schemes and those that enabled workers to pursue new opportunities, suggesting that job separation can lead to better economic outcomes.

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