The yield spread between long-term and short-term Treasury securities is known to be a good predictor of economic activity, particularly of looming recessions. One way to learn more is through a ...

It is conventional wisdom that the reduced form Phillips curve has become flatter in recent decades. Accordingly, we show that the statistical relationship between changes in U.S. inflation and ...

Elastic flows and gradient flows in planar curves form a vibrant area of research in geometric analysis, where curves evolve in time under rules dictated by an energy functional. Central to this ...

The slope of the yield curve in the US has inverted in recent months, making long-term debt significantly cheaper than short-term debt. This inversion is a gauge of investors’ confidence in the ...

Before reading this guide, you may find it helpful to read the guide on graphs from Module 7 (M7) and the guide on indices from Module 8 (M8). In Module 7 (M7) Graphs, you learned that simultaneous ...