page contents

In a world shaped by globalization, tech, and AI, the Fed needs a new tool

Central Banks, especially the Federal Reserve Bank, love to reference models to justify their rate decisions. And, while much of the business community and many economists question the relevance of the Philips Curve, the Fed still uses this model. But the model is outdated already and will become more out of sync as new innovations such as AI continue to transform our economy and workforce.

From a certain perspective, one can understand the Fed’s decision to continue using the Philips Curve, given their dual mandate of full employmen…
VentureBeat

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close