Breanne M. Greene, Mary Ann Tully
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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.
Tony S. Caporale, Robert D. Dean
Primary Advisor's Department
Economics and Finance
Stander Symposium project, School of Business Administration
United Nations Sustainable Development Goals
"Long Term Inflation Trends and the 2008 Recession; An Empirical Analysis 2001-2019" (2021). Stander Symposium Projects. 2275.