The price inflation coefficient (PC) has flattened: Coefficient on unemployment gap from rolling regression, 1960–2017

 

The price inflation coefficient (PC) has flattened: Coefficient on unemployment gap from rolling regression, 1960–2017

Notes: Shaded areas denote recessions. The unemployment gap is the difference between the actual unemployment rate and the Congressional Budget Office's 2010 estimate of the natural rate of unemployment.

Source: Adapted from a forthcoming report by Jared Bernstein of the Center on Budget and Policy Priorities

View the underlying data on epi.org.