#3: Recessions & the Phillips Curve

Economics Happy Hour Podcast · Jan 12, 2023 · 48m

In this episode, we debate whether the economy was in a recession this past year. We first define what a recession is according to traditional economic textbooks, but then most of our chat will focus on our thoughts on whether we believe there was a recession based on various economic indicators and our own analysis. It is important to have a clear understanding of what a recession is and to be able to recognize the signs of one in order to make informed decisions about our own finances and the economy as a whole. We hope that by the end, you will have a better understanding of this complex…