Tag: g7

USA and European Union: With Friends Like These…..

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24 June 2018 Even in comparison with the recent deterioration in diplomatic norms, the breakdown of the recent Group of 7 meeting was breath-taking.  The long-planned gathering, cut short by US President Trump's early departure for his hastily planned Singapore summit with North Korea, began with Donald Trump's advocacy to include Russia in future occasions.  [...]

Wages and Inflation: A Mystery

Despite falling (and in some cases cyclically low) unemployment rates, wage gains are more modest now than a year ago. Central bankers are stumped by this mystery.  Whatever happened to the Philips Curve, which showed a strong relationship between unemployment and wage/price inflation? At any rate, as long as wage gains remain modest, central bankers [...]