The Phillips curve posits that rising wages should lead to higher prices for products and services in an economy, ultimately pushing the overall inflation rate higher. Monetarists argue against ...

The issue between Trump and the Federal Reserve won’t be about the Fed’s independence but rather the wrong and harmful way it ...

“The US will fall into a recession in late 2024 or early 2025,” they wrote, citing data from their kinked Phillips curve framework. According to BCA, the framework suggests a nonlinear ...

The Phillips curve plays a central role in the macroeconomics literature. However, there is little consensus on the forcing variable that drives inflation in the model, i.e., on the appropriate ...