Understanding the Low Inflation and Low Unemployment in Today’s Economy (VIDEO)
Harvard Kennedy School, and The Fletcher School, Tufts University
This conversation was recorded on August 1, 2019.
The U.S. economy is in its longest expansion on record. As unemployment touches historic lows, a striking feature of this expansion is that contrary to what economic theory would predict, inflation too remains strangely low. Megan Greene (Harvard) and Michael Klein, Executive Editor of EconoFact discuss some of the reasons for the low unemployment, and wage and price inflation.