Note sull'episodio
Episode Notes: Unraveling Inflation Control
Leggi dettagli- Introduction:
- Topic: Inflation control and the surrounding debate.
- Purpose: Understand the basics, the tools used to control it, and challenge conventional wisdom.
- Understanding Inflation:
- Definition: A rise in the general level of prices of goods and services leading to the fall of purchasing power.
- Central Banks' Role: Tasked to manage and control inflation using different tools.
- Conventional Approach:
- Phillips Curve: Trade-off between inflation and unemployment.
- Central Banks' Tools: Adjusting interest rates to manage this trade-off.
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