There is still a Phillips Curve in the USA Too
…expected price inflation plus a function of unemployment. The old approach was to include lagged price inflation as a variable and consider the coefficient to give expected inflation as a…
…expected price inflation plus a function of unemployment. The old approach was to include lagged price inflation as a variable and consider the coefficient to give expected inflation as a…
…the dollar price of botcoin exceeds the target, and harder if it falls below the target. This should stabilize the price. Now no one is really interested in cryptocurrency except…
…dominant mechanism. Finally, to expound on the implications of fixed-price vs variable-priced instruments/claims/assets: When government deficit-spends, it delivers new fixed-price assets (checking/MM deposits) onto private-sector balance sheets. Assuming portfolio preferences…
by Cactusman What Happened to the Political Price for Lying? (Part 2) Recently I wrote about the political price of lying and how there is a serious disconnect between voters…
…or to translate that, to consider the path of the price/rent ratio. That he convinceed many people, including me, that housing prices in the early 2000s were a major bubble…
…with the APA and the PAEA by weighing the statutory factors and objectives before adopting the stamp price hike.” The court’s opinion concludes as follows: “Although the five-cent stamp price…
…read Steve’s excellent review of what is taking place. Also, PMG DeJoy has plans of increased prices for mailers also includes slower service and higher prices for First Class mail….
…at the YoY% change quarterly (to reduce noise), the prices follow sales continues to be in evidence: In absolute terms, sales peaked at the turn of the year, while prices…
New home sales continue rebound in August, as price increases continue slight deceleration Housing is a long leading sector of the economy, and new home sales, while very noisy and…
House price increases continue to show strong market at the end The last housing market data for 2021, the FHFA and Case Shiller house price indexes, were reported this morning….