Once workers try to catch up, the old relationship will re-emerge and the unemployment rate consistent with stable inflation will rise back to its previous level of above 5%, from a low of 3.9% last year.

ECONOMIST: Economics focus

Last year's rise came on the back of more stable employment data and record-low mortgages.

BBC: US new-home sales in 2012 reach three-year high

In their view, a little help now will simply ease the transition back to a stable future, when the transfers will cease.

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