Congratulations to Fernanda Nechio for being appointed as Deputy Governor on the Central Bank of Brazil’s monetary policy committee! In her new office, Nechio will also oversee International Affairs and Corporate Risk Management.
A hot economy eventually boosts inflation. Such is the simple wisdom of the Phillips curve. Yet inflation across developed countries has been remarkably weak since the 2008 global financial crisis, even though unemployment rates are near historical lows. What is behind this recent global disconnect between inflation and unemployment?
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