Commentary International organizations such as International Monetary Fund (IMF), World Bank (WB), and Organization for Economic Co-operation and Development (OCED) have revised upward their economic forecasts in turn. Were their forecast updates correct, this would mean the global tightening is not strong enough, and probably not enough to bring down inflation to the 2 percent…
Phillips Curve Breaks Down Under High Inflation
June 14, 2023
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US and Europe Are Indeed Similar Under Cycles of Inflation and Unemployment
December 29, 2022
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Commentary The relationship between unemployment and core Consumer Price Index inflation is often plotted to produce the Phillips Curve. The results will differ between economies. To many observers, the main difference between U.S. and European economies is the relatively weak real activity and persistently high inflation of the latter. This suggests the United States is…
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