The Tradeoff Between Inflation and Unemployment: What We Don't Know Can Hurt Us
Category: BUSINESS
To assert that economists are having trouble figuring out the relationship between inflation and unemployment is like saying chefs can't figure out what to do with salt and pepper. It's that fundamental. Yet, we're befuddled, and that has powerful policy implications.
By Jared Bernstein, ContributorFmr. Obama administration economist; CNBC and MSNBC contributor, 2014-07-28