The Budget Crunch Is Coming. States Must Adjust Their Spending Accordingly Higher inflation does not mean lower unemployment. Many assertions about monetary policy are based on the Phillips Curve, ...
Every academic discipline has dirty secrets. Those of economics include the fact that some of our best known principles are based on very thin data. The Phillips curve, which is relevant to much of ...
New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...
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