With the jobs numbers out today, we’ve been hearing a lot about this thing called the Phillips Curve. What is the Phillips Curve? It’s a theory, developed by an economist called A.W.H. Phillips, that ...
The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low unemployment is really in the service of the American ...
Price rigidity is a key mechanism through which monetary policy is thought to affect the economy. When some prices are hard to change, firms may respond to a monetary impetus by changing instead their ...
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