Birinci, Serdar; Karahan, Fatih; Mercan, Yusuf; See, Kurt - 2023 - Last updated: October 5, 2023
quantitatively study the positive and normative implications of employer-to-employer (EE) transitions for inflation. We find that EE … dynamics played an important role in shaping the differential inflation dynamics observed during the Great Recession and COVID …-19 recoveries, with the former exhibiting subdued EE transitions and inflation despite both episodes sharing similar …