The Importance of Arbitrage in Inflation

Beyonce's two nights in the Stockholm Friends Arena had a material impact on inflation. Dan Skabank and Sweedbank both think it might be the one and only time that has ever happened as far as their chief economists can figure out. Tickets were going for $2,000 in the US versus $200 in Sweden due to the weak croner. The fan demand for the first round of tickets exceeds the number of tickets available by more than 800%.