I'm not too impressed by that. Their very abstract says > We find that, contrary to early concerns that inflation would be spurred by overheated labor markets,

I'm not too impressed by that. Their very abstract says > We find that, contrary to early concerns that inflation would be spurred by overheated labor markets, most of the inflation surge that began in 2021 was the result of shocks to prices... And their overall train of thought is. in 2021 people thought inflation was due to wages but it wasn't, and in 2022 people thought inflation was due to wages but it wasn't, and so far in 2023 inflation isn't due primarily to wages... but the rest of 2023 inflation is going to be due to wages so we better lay people off now. Not exactly a great track record here. It really reads like they came in with a conclusion and are looking for any way to support it - because the data they surface doesn't support their conclusion. At least from my skim of the paper. Essentially the paper is data showing wages aren't a main driver, ???, followed by "but wages are scary so you should stop them from rising anyway." Well respected economists, but I'm not impressed at all by this bit of work.