IS and LM curves, their characteristics, and limitations to understand macroeconomic equilibrium in goods and money markets.

Every academic discipline has dirty secrets. Those of economics include the fact that some of our best known principles are based on very thin data. The Phillips curve, which is relevant to much of… ...

The Bottom Line The J-curve effect is most often used in economics, to describe the effects of a currency devaluation, and in private equity, to describe the trajectory of a long-term investment.

This inconsistency in supply-side thinking extends beyond market reactions to tariffs. The Laffer Curve demonstrates that between zero taxation (zero revenue) and 100 percent taxation (also zero ...