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Macrovoices From Turku: 9.Taming the Inflation Dragon
Inflation is a many-headed dragon, where the cost-push head is being fed by supply-side problems, the demand-pull head by demand-side issues. When taming one head, one might actually be feeding the fire on the other. To kill the dragon is impossible, but the economy desperately needs it to find balance.
Contents:
00:00 Introduction
00:13 Imbalance in the economy
00:34 Cost push and demand pull
01:55 A complicated picture