recession

[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

Friday, June 30, 2017 - 8:15am

[OP-ED]: The bumpy road to adulthood

 04/27/2017 - 14:43
The Great Recession’s high unemployment surely drove many young people back to their parents. The actual number of 18- to 34-year-olds living at home totaled 24 million in 2015. Two-thirds say they’re happy with their home life. The fact that more Americans go to college and graduate school than in the past has also delayed marriage, living independently and having children.

Growing up isn’t what it used to be. There’s a yawning gap between the end of adolescence and the beginning of adulthood: a period when millions of 20-somethings and 30-somethings have many adult freedoms without all the responsibilities. Social scientists have tried -- so far in vain -- to name this new life-stage, but no one should question its significance.

Thursday, April 27, 2017 - 10:00am
Plain Text Author: 
Robert J. Samuelson

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