I would love to read more on the Phillips curve and how people are still coming back to it. My understanding is that inflation is still something that we just accepted as bad above a certain percentage, without a clear understanding of why we set that percentage there. Didn’t New Zealand come up with the 2%?
I would love to read more on the Phillips curve and how people are still coming back to it. My understanding is that inflation is still something that we just accepted as bad above a certain percentage, without a clear understanding of why we set that percentage there. Didn’t New Zealand come up with the 2%?