A slanted-L curve is well-suited to represent the non-linearity of the celebrated Phillips curve. We show this using cross-country data of major industrialized economies since 2009, including the inflationary surge of the 2020s. At high unemployment rates, an increase in demand reduces...

The New Economic Geography (NEG) has over the past decades become a leading paradigm in regional science and geography. This paper seeks to provide a retrospective and prospective look into its achievements and current challenges. Clearly, regions are not oases of tranquility. Uncertainty and...