What an Expanded Beveridge Curve Could Tell Us about Soft Landings

29/08/2024 15 min
What an Expanded Beveridge Curve Could Tell Us about Soft Landings

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Episode Synopsis

What is a soft landing, and how do we know if one is possible? In this episode, St. Louis Fed Economic Policy Advisor Paulina Restrepo-Echavarría unpacks that question and explains the importance of the Beveridge curve, an economic indicator that represents the relationship between the unemployment rate and the job openings rate. She'll also discuss how a historic change in job openings prompted her and a colleague from the Dallas Fed to explore how the Beveridge curve could be expanded to analyze whether a soft landing is possible.