Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

Discover what a demand shock is, its causes and impacts, plus real-world examples. Learn how these sudden demand changes ...

Oil is the crown jewel of commodities. It's used in many ways, from making plastics and asphalt to processing fuel. Price ...

A decrease in oil supply drives up oil prices, which can raise unemployment and inflation. To counter adverse effects on ...