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Phillips vs Beveridge (about the US labour market)
Will the Fed succeed in bringing down inflation pressures without increasing unemployment? The usual answer to this question tends to be no. To study an overheating problem, the canonical model assumes, at least in the short term, some sort of trade-off between inflation and unemployment. However, in the wake of the pandemic, there is nothing canonical about the state of the US economy. The Fed believes that it is possible to conduct monetary tightening that incites businesses to...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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