Demand for new houses over the past 50 years has generally shifted outward with rising incomes and an increasing population, though it has shifted inward during periods of recession. Supply for new ...
The concept of supply and demand is a fundamental principle in economics that affects our daily lives in numerous ways. At its core, supply refers to the quantity of a product or service available in ...
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 ...
Buyers and sellers meet and at the right price all products are sold Three little words. Often that is all it takes to make one’s heart beat faster. “Liberty, equality, fraternity” captured the French ...
The events of the past three years have created varying narratives about supply chains, infused at times with sensationalism, parody and misdirection. The latter of these three often shift the ...
The supply chain solutions and supporting technology that should have been there to correct the damage to the United States’ manufacturing base that occurred over the past 20 years have greatly let ...
The extent to which either supply or demand factors drive inflation has important implications for economic policy. I propose a framework to decompose inflation into supply- and demand-driven ...
Extended producer responsibility (EPR) often is described as a cornerstone of the circular economy. And it is. By shifting the financial and operational responsibility for packaging waste to producers ...