Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

The current jobless rate of 3.4% is below the natural rate, implying labor market tightness and according to the Phillips curve construct. For the Phillips curve to "work," changes in unemployment and ...

Traditionally, our economy and markets have been all about supply and demand. Industrial policy, that’s for other places. Other governments pick winders. Ours doesn’t. But…. Times are changing. We’re ...