When you look at Norway’s new banknotes and their (hilarious) video describing the journey of a cod from the sea to a wallet, you can see that central bankers have become more interesting.
Seemingly a single number, the CPI market basket is composed of wildly different flexible and sticky prices that provide a different view of inflation.
A surprise announcement on 11/8/16, demonetizing India’s 500- and 1000-rupee notes meant most of the money in the country had to be swapped for new notes.
Our economic news summary includes inflationary movie reviews, baggage productivity, fast food animal welfare grades, Chinese consumer spending and methane.
This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.
Showing the connection between inflation and unemployment, the Phillips Curve has been re-interpreted, re-affirmed and condemned as a monetary policy tool.
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