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Beveridge curve was behind the curve in linking employment, inflation

Feb 1, 2024
A strong job market alongside cooling price gains has economists debating a key model, Bloomberg's Enda Curran reports.
The Beveridge Curve looks at the relationship between unemployment and job openings. Many economists thought joblessness would have to rise for inflation to cool, but recently that hasn't been the case.
Chip Somodevilla/Getty Images

The economic models of the past didn't figure on a pandemic

Jun 14, 2021
The Fed is trying to create a way forward in monetary policy — but in nearly uncharted economic conditions.
The Federal Reserve is navigating between rising inflation and the risks caused by the pandemic. Its interest rate policy committee will meet this week.
Daniel Slim/AFP via Getty Images