I just rewatched this documentary... it's a fantastic real world example of the relationship between inflation and unemployment, the use (and negative consequences) of contractionary monetary policy and supply-side policies (including labour market reform and trade liberalisation). "The story of unemployment in New Zealand and In A Land of Plenty is an exploration of just that; it takes as its starting point the consensus from The Depression onwards that Godzone economic policy should focus on achieving full employment, and explores how this was radically shifted by the 1984 Labour government. Director Alister Barry’s perspective is clear, as he trains a humanist lens on ‘Rogernomics’ to argue for the policy’s negative effects on society, as a new poverty-stricken underclass developed."
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Latest episode of The Indicator:
"Inflation remains stubbornly high as the Federal Open Markets Committee weighs whether they will raise interest rates again. However, new research suggests that elevated interest rates weren't the primary driver for the decline in inflation. Today, we take a look at the debate surrounding disinflation and what comes next for the Federal Reserve." |
Maree SpraggonTeacher of IB Economics at the American School of Budapest Archives
February 2024
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