non-accelerating inflation rate of unemployment
The combination of low unemployment and stubbornly low inflation across Western advanced economies has exposed the fundamental flaws of the standard economic theory that have long informed monetary policymaking. What theory should replace it?
5th Sep 19, 10:05am
19
The combination of low unemployment and stubbornly low inflation across Western advanced economies has exposed the fundamental flaws of the standard economic theory that have long informed monetary policymaking. What theory should replace it?