The scariest economics paper of 2022 argues that labor markets remain extremely tight, underlying inflation is high and possibly rising, and several years of very high unemployment may be necessary to ...

Rising interest rates combat inflation by encouraging companies to cut expenses — often at the cost of jobs. An economist who served under Obama predicts a 6.5% average unemployment rate to reach ...

A paper published last month by Opportunity Insights, a Harvard-affiliated economic research group, shed new light on the ties between social connections and economic mobility, finding a strong link ...

“Low inflation is indeed the problem of this era.” Thus said John Williams, president of the Federal Reserve Bank of New York, in late 2019, espousing the dominant view at the time. Fast forward to ...