Presenter(s)

Breanne M. Greene, Mary Ann Tully

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Description

In this study, we look at inflation trends pre and post the 2008 "great" recession to determine if there was a recession effect on inflation. The following measures of inflation are used in the study: (1) CIP-ALL, (2) CPI- Less Food and Energy, (3) Personal Consumption Expenditures (PCE), (4) Employment Cost Index (ECI). We test several hypothesis; (1) inflation rates post 2008 recession are lower than inflation rates pre 2008 recession, (2) CPI inflation measures trend higher than PCE measures, (3) ECI cost inflation measures post 2008 rend lower than pre 2008 measures, (4) lower demand poll inflation measures (e.g. CPI-ALL) post 2008 recession are partly due to lower cost push inflation measures (ECI) post 2008 recession.

Publication Date

4-22-2021

Project Designation

Independent Research

Primary Advisor

Tony S. Caporale, Robert D. Dean

Primary Advisor's Department

Economics and Finance

Keywords

Stander Symposium project, School of Business Administration

United Nations Sustainable Development Goals

Quality Education

Long Term Inflation Trends and the 2008 Recession; An Empirical Analysis 2001-2019

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