Dr. Jonathon Hazell | Inflation, Wage Rigidity & Measuring the Natural Rate of Interest

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The Beverage Report Podcast

LSE Department of Economics

63 episodes

2 days ago

This year Jacinta Feng and Urvi Gaur (third year Economics students) are leading a team of nine students who share the same goal and passion - bringing forward intellectually-stimulating conversations with economists from the top of their fields, from within LSE and beyond. What sets The Beverage Report apart? Dive into discussions with economists at the frontier of research worldwide, exploring their research, gaining insights, and walking alongside them on their unique academic journeys. Tune in now to elevate your understanding of economics with firsthand wisdom from the best in the game!

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Dr. Jonathon Hazell | Inflation, Wage Rigidity & Measuring the Natural Rate of Interest

The Beverage Report Podcast

48 minutes 35 seconds

9 months ago

Dr. Jonathon Hazell | Inflation, Wage Rigidity & Measuring the Natural Rate of Interest

In this episode of the Beverage Report Podcast, we interview Dr Jonathon Hazell, Assistant Professor in the Department of Economics at the LSE.

How can we overcome estimation issues to evaluate the slope of the Phillips curve? What can previous periods of hyperinflation teach us, when looking to control high levels of inflation post-COVID? How do behavioural factors influence the wage rigidity of newly hired workers? What were the macroeconomic implications of the September 2022 UK mini-budget?

Dr Hazell answers these questions and more, drawing on his experience in macroeconomics and labour economics. He explains his innovative approach to measuring the natural rate of interest, r*, through using property prices, giving the listeners a flavour of how empirical methods can be applied to macroeconomics.

Tune into this episode to learn more about Dr Hazell’s research and personal journey with economics, from his very first encounters with the subject to becoming the economist he is today!