The recent surge in inflation has led to a significant increase in the frequency of price changes, making prices more flexible. Conventional models assume a constant price change frequency, but in state-dependent models the frequency varies with economic conditions. Price flexibility has an impact on the effectiveness of monetary policy. In high inflation periods, frequent price changes make monetary policy more effective in reducing inflation with less impact on economic activity. Therefore, monetary policy should be more aggressive during such periods to stabilise prices efficiently.

The money to support well-paid American jobs exists—it’s just being hoarded at the top. Economist William Lazonick argues that this is not just unfair; it’s a failure of the whole economic system.
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In recent years, the US has experienced high growth in the online gambling market, and the majority of states in the US have legalized online casino platforms to attain more potential financial gains for the country. The favourable gambling atmosphere of the US highly assists gambling developers to enter the market without any fear, and they ... Read more

We need a new approach to research—one rooted in trust, lived experience, and the stories data often overlooks.