I found your analysis very interesting. Your choice of focusing after mid-2022 is understandable.
However, I wonder if a longer term analysis of the effect of %NPR on productivity wouldn't be interesting. From looking at the graphs, the first major leg down from the US was in the late 80's when there was a coincident rise in NPR as a percentage. Understanding this could help longer term policy prescriptions.
I found your analysis very interesting. Your choice of focusing after mid-2022 is understandable.
However, I wonder if a longer term analysis of the effect of %NPR on productivity wouldn't be interesting. From looking at the graphs, the first major leg down from the US was in the late 80's when there was a coincident rise in NPR as a percentage. Understanding this could help longer term policy prescriptions.