Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

Economics principles dictate that prices are determined by the principles of supply and demand. However, does this theory align with the market dynamics in practice? To what degree do supply and ...

I use Phillips curve type regressions to assess the relative contributions of demand and supply forces to U.S. inflation during the pandemic era from February 2020 onward and the decade following the ...