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Tuesday, October 23, 2012

Inflation and Unemployment

I have a bunch of meetings this morning -- you know how those go. That will give me a chance to think about these graphs:

This is a graph of PCE core year-over-year inflation versus unemployment since 2007 (the scatterplot with headline rather than core PCE is a noisier version of this, but the basic pattern remains):


The same graph since 2008 eliminates many of the observations in the upper left part of the graph:


And, since 2009:


    Posted by on Tuesday, October 23, 2012 at 07:47 AM Permalink  Comments (47)


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