One of the many monetary mysteries of the moment is why the inflation rate has been so persistently below the Federal Reserve’s 2 percent target. Is the historical relationship between unemployment and inflation—the Phillips curve that suggests inflation rises as unemployment falls—broken?
http://www.brookings.edu/blogs/up-front/posts/2016/02/18-circular-logic-inflation-expectations-wessel
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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