The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ability to fully adjust to changes in demand or costs. For example, a factory ...

Effective and efficient manufacturing operations require close integration between long-run planning and short-run production scheduling. A testament to this is the decades-old field of research and ...

In “Markets Hail Trump’s Economics” (op-ed, Nov. 11), Scott Bessent makes a good case for near-term market approval of President-elect Donald Trump’s economic proposals. Benjamin Graham said it best: ...

With reference to a stylized theoretical macromodel, Blanchard and Quah (American Economic Review, 1989, 79, 655–673) identify empirical aggregate supply (e.g., productivity) and demand shocks by ...

We explore the relationship of recessions and tourism cycles on the economic performance of tourism-dependent Small Developing States (SDS). Using local projections regressions, we examine how these ...