Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

In SRAS, capital is fixed, which mean any changes in aggregate demand will affect what a manufacturer can realistically produce in the short-term. As a result, output is unlikely to change drastically ...

By Iulian Ernst in Bucharest Moldova’s economy contracted by 1.2% y/y in the first quarter of 2025, mainly due to a decline ...

Increase in unemployment was partly driven by seasonal agricultural patterns and extreme heat in some regions, limiting ...