After Paul Volcker was appointed to run the US Federal Reserve by president Jimmy Carter, he had to wait until Ronald Reagan became president before he could tackle stagflation, the term that conjoined two components of economic reality, namely stubbornly high inflation and excessively high unemployment coupled with weak aggregate demand. According to Keynesian thinking, […]
Tag: Phillips Curve
Posted inUncategorized
Gig economy continues to keep wages down
Posted inUncategorized
Closer look reveals dovish bias on the FOMC
Posted inUncategorized
What unit labor costs are telling us
Posted inUncategorized
Still no Phillpsy-Curve
Posted inUncategorized
You can-na fool me — there ain’t-a no Phillipsy Curve
Posted inUncategorized
‘Dangerous’ to allow inflation to drift down, says Yellen
Posted inUncategorized
