In October 2018, St. Louis Fed President James Bullard claimed his organization had killed the work of ancient economist AW Phillips. It was the latter who has had his name, voluntary or not, attached ...

In October 2018, St. Louis Fed President James Bullard claimed his organization had killed the work of ancient economist AW Phillips. It was the latter who has had his name, voluntary or not, attached ...

When economists and policymakers talk about getting inflation under control, there's an assumption they often make: bringing inflation down will probably result in some degree of layoffs and job loss.

Government has no resources. It can only spend what it’s taken from us first. Yet Keynesian economists (meaning the vast majority of economists) believe government spending boosts economic growth.

We got another labor market indicator on Wednesday ahead of Friday’s jobs report. According to ADP, the private sector added 152,000 jobs in May. That’s fewer than were added in April, so a bit of a ...

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 ...

The Phillips curve suggests a short-term inverse relationship between inflation and unemployment. Critics argue the model fails in the long term, evidenced by various Nobel criticisms. Investors ...

Fifty years ago New Zealand-born economist Alban William Phillips wrote an article noting that when unemployment was low wage growth was high and vice versa. Over subsequent years what became known as ...

Europe Is Going After America’s Biggest Companies. Trump Must Push Back Deregulation: Clearing the Way to a Better Economy The Growing Business of Government Intel: (Jean-Baptiste) Colbert and ...

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 ...

Fifteen months of new data covering the period since May 2023 continue to track closely along the path of a fitted nonlinear Phillips curve that shows the empirical relationship between inflation and ...