![]() ![]() Laurence, thanks so much for joining us today. We’re going to have a conversation about inflation, what to look for in 2023 that’s going to impact all of our wallets and pocketbooks. Kotlikoff’s recent research studies global macroeconomic transition in the future of economic power, inequality, banking reform, marginal taxation, and even healthcare reform and social security. And for this latest edition of Question of the Week, our guest today is Laurence Kotlikoff, a William Fairfield Warren Distinguished Professor of economics. I’m Doug Most, the executive editor of BU Today. Many industries in the US and abroad have increased costs due to supply chain issues and other factors, leading to some of the highest inflation in recent memory. As we look forward to 2023, the health of the domestic economy remains a concern, as high costs linger, hiring slows, and the salaries stagnate. Sophie Yarin: This is Question of the Week from BU Today.ĭoug Most: Let’s talk inflation. Moving forward, the economy will only continue to globalize and large economic players must figure out how to continue working together despite political disturbances. Kotlikoff sees the economy recovering in the short term, but encourages diplomacy between the United States and China to ensure long-term economic prosperity.Despite low wages, we are also currently seeing low unemployment, very high demand for workers, and increases in employment from month to month nationwide. Despite high holiday spending, Americans are hurting financially, as real wages are down while inflation continues to rise.Kotlikoff stresses that we will not be entering a recession unless we “scare ourselves into a recession.” The stock market thrives on confidence, so the media’s reporting around economics issues can affect real outcomes. Inflation was high in 2022, but most economists now agree 2023 will show lower figures.Have a question or topic idea for a future episode? Send an email to Bonus points if you attach a voice memo with your question. In this episode Doug Most and Laurence Kotlikoff, a Willam Fairfield Warren Distinguished Professor and a College of Arts & Sciences professor of economics, discuss inflation and the changing economic landscape, domestically and globally. Many industries in the United States and abroad have increased costs due to supply chain issues and other factors, leading to some of the highest inflation in recent memory. You can also find this episode on Apple Podcasts, Spotify, Google Podcasts, and other podcast platforms.Īs we look forward to 2023, the health of the domestic economy remains a concern as high costs linger, hiring slows, and salaries stagnate. ![]()
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