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Posts tagged ‘Fed’

New Research on the Relationship between Wages and Inflation: Looking at Other Indicators

During the 1970s, economic research focused on the problem of the day — high inflation. And, wages were increasing at the same time as inflation. Economic theory had a nice explanation for this relationship – higher wages were passed through to consumers via higher prices. As inflation picked…

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Greece Likely to Exit the Eurozone After “No” Vote

The decisive “no” vote in Sunday’s Greek referendum leaves it likely that Greece will exit the euro – but given the uncertainty of the situation, considering it has never happened before, that could happen either in the next few weeks… or in a year or two. This is…

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