Money Talks: How high?
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 16 February 2022
⏱️ 41 minutes
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Summary
Persistently high inflation has brought back fears of a wage-price spiral. Our economics team Soumaya Keynes, Simon Rabinovitch and Callum Williams explore how expectations of high inflation become reality. We look at the data on whether workers or firms are winning the battle over wages. And, as they reach for all the tools at their disposal, are central banks still in control?
With Julia Coronado, founder of MacroPolicy Perspectives; Ethan Harris, head of global economics at Bank of America; Dario Perkins, head of global macro at TS Lombard; and Ricardo Reis of the London School of Economics.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research, EY Parthenon and real-world strategy now. |
| 0:32.9 | Money to auctions from the economist is sponsored by InvestAlberta, looking to expand your |
| 0:37.6 | business into North America, come to one of the continent's most business-friendly locations, |
| 0:42.6 | Alberta. |
| 0:43.6 | With the lowest corporate income tax rate in Canada, fueled by smart talent in dynamic |
| 0:47.9 | cities like Calgary and Edmonton and the youngest workforce in Canada, Alberta is a strategic |
| 0:53.1 | gateway for doing business throughout North America and beyond. |
| 0:56.6 | Visit investalberta.ca today to learn more. |
| 1:00.6 | Big, bold, Alberta. |
| 1:09.0 | Rising prices hurt. |
| 1:11.2 | Households are feeling the squeeze as inflation across the rich world hits 6.6% year-on-year. |
| 1:18.6 | Companies say workers are demanding higher wages at the worst possible time as all their |
| 1:23.0 | other costs increase. |
| 1:25.2 | Governments of all leanings fear that voters will blame them and central bankers are walking |
| 1:30.2 | a tightrope as they try to combat surging prices while protecting fragile recoveries. |
... |
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