Expecting Inflation: The Case of the 1950s

Executive Summary

The 1950s and the 1970s

The Phillips Curve and the “Great Inflation”

Source: BLS
Source: BLS
Source: BLS

Inflation Expectations and the “Great Inflation”

Source: BLS

The Natural Rate of Interest and the Great Inflation

Source: BLS, Board of Governors of the Federal Reserve

Capacity, Demand, and “Inflation Expectations”

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We write, crunch #’s, and tweet about the labor market and economic policy.

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