A super-tight jobs market means the risk of a hard landing are high

 In a paper circulated by the National Bureau of Economic Research, Summers and Alex Domash, a research fellow at the Harvard Kennedy School, say the idea inflation can fall dramatically without a corresponding rise in labor market slack runs counter to standard economic theory as well as historical evidence.

MarketWatch 4 April 2022

https://www.marketwatch.com/story/a-super-tight-jobs-market-means-the-risk-of-a-hard-landing-are-high-says-paper-co-authored-by-larry-summers-11649063160


A labor market view on the risks of a U.S. hard landing | NBER

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