Autor: Athanasios Orphanides

On June 28th 2012, the small island of Cyprus became the fifth government to request an economic bail-out from the Eurozone after losing access to international capital markets. Less than a year late …

Current perspectives on the Phillips curve, a core macroeconomic concept that treats the relationship between inflation and unemployment.In 1958, economist A. W. Phillips published an article describ …

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and …