On Thursday, June 30, 2022, the Federal Reserve Bank of New York will release a two-part research series on its Liberty Street Economics blog exploring heterogeneity across different demographic groups related to the Federal Reserve’s dual mandate of maximum employment and price stability.
The new series builds on the recurring Liberty Street Economics research series about Economic Inequality, which highlights differences in economic outcomes and policy impacts by race, gender, age, geography, income, education, and other factors. The upcoming blog posts will examine heterogeneity in employment rates and inflation rates faced by different racial and ethnic groups. The blog posts leverage data on the Employment to Population Ratio for prime-aged workers in addition to the Consumer Price Indices and Consumer Expenditure Survey.
The latest series will feature the following posts:
“How Equitable Has the COVID Labor Market Recovery Been?” analyzes differences in employment rates by race and ethnicity, focusing on the COVID-19 recession of March-April 2020 and its aftermath.
“Was the 2021-22 Rise in Inflation Equitable?” discusses heterogeneity in inflation rates experienced by different racial and ethnic groups during the rise in inflation during the 2021-2022 period.