Discussion Paper

Stimulus, Savings, and Inflation: The Top Five Liberty Street Economics Posts of 2021


Abstract: New York Fed researchers tackled a wide array of topics on Liberty Street Economics (LSE) over the past year, with the myriad effects of the pandemic—on supply chains, the banking system, and inequality, for example—remaining a major area of focus. Judging by the list below, LSE readers were particularly interested in understanding what comes next: the most-viewed posts of the year analyze households’ use of stimulus payments, the implications of lockdown-period savings, the risk of a new housing bubble, the compression of the breakeven inflation curve, and the potential roles that central banks could play in the digital currency sphere. As the year draws to a close, take a look back at the top five posts of 2021.

Keywords: stimulus payments; pandemic; excess savings; breakeven inflation; housing bubble; housing market; central bank digital currency; cryptocurrency; digital currency; COVID-19;

JEL Classification: E2; R31;

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Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2021-12-22

Number: 20211222