Demand, Not Supply, Is Primary Driver of Pandemic-Era Inflation, Fed Study Finds
June 04, 2025
June 04, 2025
WASHINGTON, June 4 (TNSLrpt) -- The Federal Reserve Bank of San Francisco published a working paper (No. 2025-08) entitled "Demand versus Supply: Which Is More Important for Inflation?" in April 2025.
This paper, authored by Kevin J. Lansing of the Federal Reserve Bank of San Francisco, uses Phillips curve regressions to analyze the forces behind U.S. inflation during the pandemic era, starting from February 2020, and the decade following the Great Recession. The study co . . .
This paper, authored by Kevin J. Lansing of the Federal Reserve Bank of San Francisco, uses Phillips curve regressions to analyze the forces behind U.S. inflation during the pandemic era, starting from February 2020, and the decade following the Great Recession. The study co . . .