With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what the new Phillips curve says. Full video: https://youtu.be/RNPyrIsgCdg #phillipscurve #unemploymentandinflation More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reductio...
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With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what the new Phillips curve says. Full video: https://youtu.be/RNPyrIsgCdg #phillipscurve #unemploymentandinflation More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reductio...
Over the past few decades wage growth has been very slow. I explain why this is an issue given how inflation is soaring. I give two potential explanations: decentralised labour markets (enterprise bargaining) and slow productivity growth. Full video: https://youtu.be/_JkShN7ZeCY More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reduction Act - https://youtu.be/_y9VVm8Ee3s Social: Facebook: https://ww...
Economics with Mani
With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what the new Phillips curve says. Full video: https://youtu.be/RNPyrIsgCdg #phillipscurve #unemploymentandinflation More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reductio...
