inflation always monetary? - mainstream and hetero theories of inflation, how to measure inflation - decompose observed inflation into its monetary, demand-pull, cost-push and structural components - Inflation is a monetary and redistributional phenomenon
Has the Phillips Curve finally been buried? Whilst the FT reports on the Fed's new strategy as just another incremental codification of its extremely dovish policy, Reuters reads it as a final straw flattening the curve out of existence: "One of the fundamental theories of modern economics may have finally been put to rest." … Continue reading Funeral of a Classic Curve?