Journal Article
Same Target, Different Economies: A Cross-Country Analysis of Inflation
Chien, YiLi; Bennett, Julie (2020-03-05)
Though some countries adopt a common inflation target, nations often have different patterns of inflation.
The Regional Economist , Volume 28 , Issue 1

St. Louis Fed Research Associates Discuss Work and Experiences
Bennett, Julie; Grittayaphong, Praew; Isaacson, Maggie (2022-04-26)
RAs help the St. Louis Fed’s staff of economists investigate topics ranging from productivity to unemployment.
On the Economy

Journal Article
The Wage Bills of COVID-19
Chien, YiLi; Bennett, Julie (2020-04-14)
The largest potential wage loss comes from the health care and social assistance industry.
Economic Synopses , Issue 18

Journal Article
State Government Expenditures by Party Affiliation
Chien, YiLi; Bennett, Julie (2021-05-05)
While political divisions have widened considerably in the U.S., dominant political leanings do not appear to correlate with state government expenditures.
The Regional Economist

Journal Article
On the Relative Performance of Inflation Forecasts
Bennett, Julie; Owyang, Michael T. (2022)
Inflation expectations constitute important components of macroeconomic models and monetary policy rules. We investigate the relative performance of consumer, professional, market-based, and model-based inflation forecasts. Consistent with the previous literature, professional forecasts most accurately predict one-year-ahead year-over-year inflation. Both consumers and professionals overestimate inflation over their respective sample periods. Market-based forecasts as measured by the swap market breakeven inflation rates significantly overestimate actual inflation; Treasury ...
Review , Volume 104 , Issue 2 , Pages 131-148

Journal Article
The Large Gap in Stock Market Participation Between Black and White Households
Bennett, Julie; Chien, YiLi (2022-03-28)
White households participate in the stock market far more than Black households, contributing to the large wealth gap between them.
Economic Synopses , Issue 7 , Pages 1-2

Journal Article
Decomposing the Low PCE Inflation Rate
Chien, YiLi; Bennett, Julie (2019-10-18)
The current low PCE inflation rate can largely be attributed to energy, health care, and housing.
Economic Synopses , Issue 24

What Drives Changes in Inflation?
Chien, YiLi; Bennett, Julie (2021-05-27)
Examining the inflationary trends of key components of the PCE price index can help provide insight into recent movements in consumer prices.
On the Economy

Journal Article
The Value of $600 Across States Hit Hardest by COVID-19
Chien, YiLi; Bennett, Julie (2020-04-28)
The CARES act provides an extra $600 per week in unemployment benefits, but the purchasing power of those dollars varies across states, raising the question of whether the equal distribution of $600 across states is an equitable distribution.
Economic Synopses , Issue 26

More Households Face Food Scarcity during COVID-19
Chien, YiLi; Bennett, Julie (2020-06-18)
More U.S. households are reporting that they sometimes or often do not have enough food, according to a new Census survey.
On the Economy