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Here is the last video of the youtube channel Bloomberg Markets and Finance. It's called Isabella Weber on a New Way to Think About Inflation | Odd Lots Podcast and as you can imagine, it's already of great interest to Internet users. You can find it right here.
The video is doing a very good start since it was uploaded on the Youtube channel of Bloomberg Markets and Finance and it could well end up in trend if the scores remain at these levels. However, we should not get too excited and wait a few days to see if this good start is confirmed with a buzz on the duration.
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For your information, you can find below the description of the video Isabella Weber on a New Way to Think About Inflation | Odd Lots Podcast published by the Youtube channel Bloomberg Markets and Finance:
It's no secret that the recent period of stubbornly higher prices has surprised many. In economics, there tend to be two dominant ways of thinking about inflation. Either you agree with Milton Friedman, who described inflation as always and everywhere monetary phenomenon (the result of too much printing). Or you're more of a New Keynesians, who thinks that higher prices are all about the relationship between demand and capacity. In a new paper inspired by Odd Lots and the series of disruptions that have rocked the economy since the global pandemic, UMass Amherst Economics Professor Isabella Weber describes a potential third way of thinking about inflation. She identifies systemically significant sources of inflation, or industries that could end up having a broader impact on a wide variety of prices. The hope is that by identifying these important sources of inflation early, policymakers can put in place measures to make sure prices don't get out of hand.
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