The Phillips curve describes the relationship between inflation and real economic activity over the business cycle. This column challenges the notion that the Phillips curve is flat. Using pre-pandemic Belgian micro data, it shows that inflation responds to variations in production costs but is insensitive to variations in output. The flatness of the conventional output-gap […]
The U.S. has stopped recommending routine COVID-19 vaccinations for pregnant women and healthy children, Health Secretary Robert F. Kennedy Jr announced in a social media post on Tuesday, circumventing the CDC’s traditional recommendation process. Kennedy, FDA commissioner Marty Makary and National Institutes of Health director Jay Bhattacharya said in a video that the shots have […]
Individuals with a disability have remarkably low employment rates compared to the rest of the population. This column examines whether the rapid rise in the ability to work from home post-pandemic has improved disability employment. The authors estimate that in the US working from home has already increased full-time disability employment levels by over a […]
Africa is not on track to achieve the Sustainable Development Goal of eradicating extreme poverty. While many countries were successful in reducing poverty during the years before the pandemic, its economic disruptions coupled with climate disasters and food and fuel inflation caused by Russia’s invasion of Ukraine have put spanners in the wheels. Growing vulnerabilities to […]
