Insights

Insights

  • Netflix and chill: economists find new meaning

    14 January 2020

    Inflation has remained stubbornly subdued in advanced economies, leading many economists to talk about the demise of the Phillips curve. Explanations range from increased central bank credibility to changing demographics, erosion of workers’ bargaining power and globalisation. In this note, we investigate how technology, and specifically the nature of recent technological changes, may have affected inflation…