…above 2%. But core inflation is not. President Draghi often speaks of the upward pressure on inflation stemming from tax hikes across the various fiscal austerity programs. Stripping out the…

…2. It is subject to political pressure, as the quotations above make clear. More proof of #2, from Binyamin Applebaum (HT Matt Yglesias), quoting Eric S. Rosengren, president of the…

…slows the economy even more, leading to even more even pressure on employment and wages. But if the government were to start buying stuff, counteracting the reduction in demand from…

…margin pressure and very weak profits. To sustain profits growth, firms have to reestablish stronger productivity growth. The weakness in March employment is a strong indicator that business is trying…

…financed by foreign inflows of capital (financial account surpluses), so that the currency comes under pressure when foreigners lose confidence in said emerging market economy. As foreign capital flows start…

…actions using the standard forms of political reporting (more rigid than a sonnet). This causes the reporter(s) to make a plainly false claim “Italy is under pressure to come up…

…values drain resources from the real economy, and so are associated with slower real-sector growth. The second scenario also effectively prints $450,000 in new money, causing more inflation pressure, which…

…spread over German bunds is certainly coming under pressure, 492 bps (as of 6am today). But the front-end sell-off is nothing compared to that in Greece: spanning the period April…

…female) often have husbands or significant others who lose jobs or hours. Also, some of the staffing pressure is off at the hospital level because elective procedures are down and…

…in nominal income (wages) and prices in order to reduce relative prices enough to drive export income. Normally, downward pressure on internal prices via recession occurs alongside a sharp devaluation…