A delinquency rate of 15 percent for all student loan borrowers implies a delinquency rate of 27.3 percent for borrowers with loans in repayment.

GDP per hour (rather than GDP per capita) better measures labor productivity.

Reduced dynamism in the labor market is consistent not only with more stable, longer-lived jobs but also longer joblessness and less job switching.

Countries with weaker economic fundamentals experienced higher currency volatility and capital flows.

Fear of demand-driven deflation calls for expansionary economic policies.

Large firms have been creating a significantly higher fraction of jobs since the Great Recession.

As expected, falling crude oil prices lead to falling gasoline prices and lower inflation.

A standard decomposition suggests the role of oil supply (understood as the current physical availability of crude) has been small.

Inflation expectations formed in the mid-2000s weren’t very accurate—in large part because of the shocks from the recession and financial crisis.

Overestimating how far the economy is away from its potential unnecessarily risks delaying the end of unusual monetary accommodation.