chapter focuses on access to social benefits across five core policy areas (health care, unemployment, old-age pensions …

Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment … unemployment gaps. Through the lens of the model, the 2022-23 disinflation was driven by the expectation that the unemployment gap … will close through a progressive decline in ut* and a rise in the unemployment rate. This implies that convergence to long …