Proceedings of the National Academy of Sciences of the United States of America, Vol. 87, No. 3 (1990), pp. 988-992 (5 pages) We use Hoffmann's suggestion [Hoffmann, G. W. (1986) J. Theor. Biol. 122, ...
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 ...
Inflation has climbed since 2021, as the labor market has tightened. Two historical data relationships can account for elevated inflation over the past two years: the Beveridge curve, which relates ...
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