Central bankers face a crisis of confidence as models fail
Inflation is not behaving in the way economic models predicted.
“the link between measures of domestic slack and inflation has proved rather weak and elusive for at least a couple of decades”
(The relationship between slack and inflation nonetheless appears to hold at global level.
John Plender)
FT 11 October 2017
“the link between measures of domestic slack and inflation has proved rather weak and elusive for at least a couple of decades”
(The relationship between slack and inflation nonetheless appears to hold at global level.
John Plender)
FT 11 October 2017
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