IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/94416.html
   My bibliography  Save this paper

Was the 2021-22 Rise in Inflation Equitable?

Author

Abstract

In our previous post, we discussed how the labor market recovery—the “maximum employment” half of the Federal Reserve System’s dual mandate—featured not only a return of overall employment rates to pre-pandemic levels, but also a narrowing of racial and ethnic gaps in employment rates. In this post, we take up the second half of the dual mandate—price stability—and discuss heterogeneity in inflation rates faced by different demographic groups during the rise in inflation in 2021-22. We find that, in contrast to inequalities in employment rates, disparities in inflation rates have widened during the recent inflationary episode, with less advantaged groups experiencing more inflation.

Suggested Citation

  • Ruchi Avtar & Rajashri Chakrabarti & Maxim L. Pinkovskiy, 2022. "Was the 2021-22 Rise in Inflation Equitable?," Liberty Street Economics 20220630b, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:94416
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2022/06/was-the-2021-22-rise-in-inflation-equitable/
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    equitable growth; labor market; COVID-19; recession;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:94416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.