Pantheon Macroeconomics

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14th Mar 2022 00:30U.S., Daily Monitor, Weekly Monitor

  • The surge in gasoline prices will disproportionately hammer the poorest households...
  • ...A policy response could include simply subsidizing gasoline spending for the bottom 40%.
  • Real-time data suggest that the war in Ukraine and the gas price shock has hit spending on services.

credit democrats fed gas prices gasoline gasoline prices implications labor labor costs March oil payroll policy q4 rent restaurants russia u.s. wages

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Keywords for: Will Soaring Gasoline Prices Provoke a Policy Response?

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