Jonathon Hazell on the Costs and Causes of Inflation and the Phillips Curve Debate

Oct 7, 2024

Jonathon Hazell, an assistant professor at the London School of Economics, dives deep into the intricate world of inflation and its costs. He discusses the psychological strains on workers during inflationary periods and how real wages suffer. The conversation extends to the ongoing Phillips Curve debate, where he examines inflation expectations and Federal Reserve responses post-pandemic. Hazell also outlines policy implications and challenges regarding inflation targeting, illustrating the delicate balance policymakers must maintain.