Showing the connection between inflation and unemployment, the Phillips Curve has been re-interpreted, re-affirmed and condemned as a monetary policy tool.
Pondering the Bunker Hill Theory of Inflation
As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.
Why Russians Are Rushin’ to Buy Porsches
Rather than saving during tough economic times, the Russians are spending because the ruble is displaying fewer characteristics of money.
Expanding How We Measure Inflation
Our CPI measure of the inflation rate has been debated because it could be calculated using a chained CPU, could be real time, and excludes some seniors.