Supply Side
The productivity data is messy and often should not be taken at face value. Our "Cautious Case For Productivity Optimism" in the summer of last year flagged three forces that should support better productivity growth in 2023 and 2024 have been cautious optimists about productivity improvement for some
What steps should the Fed take to preserve the hard-earned recovery in the labor market? We present a path for the Fed in 2024.
Summary Amidst all of the understandable concern with inflation and recession risks, the evidence continues to foretell a welcome inflection point on the horizon—a rare procyclical upturn in productivity growth. We continue to see signs that a maturing labor market—in which employment rates fully recover from recessionary damage
Summary Amidst all of the understandable concern with inflation and recession risks, the evidence continues to foretell a welcome inflection point on the horizon—a rare procyclical upturn in productivity growth. We continue to see signs that a maturing labor market—in which employment rates fully recover from recessionary damage
In every month of the past twelve months, public spending on construction increased. This has never happened before in this dataset, and it is double the next-longest period of continuous increase.
What a great GDP print. 8.5% nominal growth, and 4.9% inflation-adjusted on the first revision.
This is the first of our Fed Research Roundup series. In this post, we examine the question of whether monetary policy constrains the supply-side, and what that means for inflation.
Each month, we publish a public version of the donor-exclusive Supply Chain Monitor to better inform macroeconomic discussion about developments on the “supply side.”
