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 ...

It is central to Keynesian economic thought that market prices are sticky—that is, they sometimes fail to adjust quickly or at all to changes in supply and demand. Central banks therefore intervene to ...

Buyers and sellers meet and at the right price all products are sold Three little words. Often that is all it takes to make one’s heart beat faster. “Liberty, equality, fraternity” captured the French ...

The 2008 financial crash ripped a giant hole in the incomes and wealth of Americans, limiting their ability to afford everything from big-ticket purchases like cars to their rent. The government ...

Appropriately adjusting recent labor market data shows that the growth in labor supply has slowed at the same pace as payroll ...

The business economics specialization of the economics major has grown rapidly since launching during the 2018–19 academic year. As the track continues to grow, students have struggled to register for ...

China's cabinet pledged on Friday to boost consumption by better aligning supply with demand and relying on consumption ...