`economic-policy` Related Article Results

Some concepts exist that, the moment they are uttered, do not spark debate but end it. Fascism is one such concept in many contexts. So many沉重 meanings are attached to the word that people often feel no need to examine any idea associated with it. “Fascism is evil; therefore, every institution, every economic policy, every social arrangement linked to fascism must also be evil.” At first glance, does this inference not seem reasonable? Even today, opposition parties accuse governments of being f

Phillips Curve The Phillips Curve is a fundamental concept in economic literature that describes an inverse relationship between unemployment and inflation. It was first developed in 1958 by New Zealand economist A.W. Phillips. When analyzing historical data from the United Kingdom, Phillips observed that low unemployment rates were generally associated with high inflation, while high unemployment rates were linked to low inflation. Based on this observation, his theory posits that as economic g

Goodhart’s Law is a fundamental principle in the literature of social sciences and economics stating that when a measure becomes a target, it ceases to be a good measure. Developed by Charles Goodhart in 1975, this law emerged particularly in the context of economic policy and monetary policy. The core proposition of the law is: “When a measure becomes a target, it ceases to be a good measure.” By explaining the behavioral and systemic changes that arise when measures are turned into targets, th

The member states of the European Union (EU) officially approved on 25 June 2026 the legal measures necessary to implement the trade agreement reached with the United States of America (USA) in 2025. With the adoption of these measures, the EU has put into effect its tariff commitments under the agreement, thereby completing the EU’s legislative process for the entry into force of the deal. Background of the Trade Agreement Negotiations for the new trade agreement between the EU and the USA were