Modern theories of aggregate supply are built on the foundation that firms set prices and commit to producing whatever the market demands. We remove this strategic restriction and allow firms to ...

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its ...

The policy rate was jacked up to 22% in a short period. The policy rate affects aggregate demand and aggregate supply simultaneously. However, the impact on aggregate supply is faster than the ...

Elements of Macro Economic Instability. The International Monetary Fund (IMF) characterizes macro-economic instability with ...

According to preliminary statistics, the aggregate financing to real economy (flow) in 4M25 amounted to RMB16.34 trillion, ...

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has grilled Power Division for its failure ...

Malta is not yet in the danger zone when it comes to the national debt, but the country could find itself in that situation quickly without medium-term planning, especially if investment in renewables ...

The Florida Department of Transportation (FDOT) today announced significant grant awards totaling over $27 million to ...

Guided by an economic geography model, we interpret our estimates as the direct effect of mobilization on local productivity. The findings suggest the largest likely aggregate welfare impact was ...

To revive Germany’s ailing economy, new chancellor Friedrich Merz must tackle a baffling paradox: employment is at record highs but individually, Germans have never worked less.