After a four-decade hiatus, inflation has come roaring back to impact all aspects of the economy – from daily consumer purchase behavior to corporate margins. Startup entrepreneurs always face an array of challenges, but high inflation has not been among them since the early 1980s. Given the...

For governments who want to improve their economies via fiscal, monetary, trade or exchange rate policies, the tradeoff between the inflation rate and the unemployment rate is extremely important. This tradeoff has become known as the Phillips curve. Among economists there is no consensus on how...