A2 Economics – Wage Price Spiral and the Long Run Phillips Curve

Part of the CIE A2 macro syllabus focuses on the wage price spiral which relates to the Phillips Curve. Here are some excellent notes that I picked up from Russell Tillson in my early days teaching at Epsom College. As from previous posts, the Phillips Curve analysed data for money wages against the rate of […]

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New Zealand inflation hits 5.9%. Potential for wage price spiral?

Consumer prices in New Zealand rose 5.9% annually in the December quarter.Core inflation measures rose to 5.4% annually. Core inflation excludes certain items that are known for their volatility — namely, food and energy. With this figures it seems that…

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