Phillips Curve, Rip

From February vi Wall Street Journal. So much macro word presumes that inflation is ever in addition to everywhere driven past times booming economies, it's worth remembering rather hitting reverse evidence.

I'm looking for a expert graphic, only this end week's failure of emerging marketplace position key banks to lay a dent inward their currencies past times raising involvement rates is too an of import reminder of the limits of monetary policy. As sure Argentina's in addition to Venezuela's troubles are beyond anything a key banking concern tin halt produce past times whatever finite involvement rate.