The Broken Phillips Curve and Missing Pay Rises
Really interesting conceptual article about the conduct of monetary policy in the UK, with Larry Elliott arguing that the setting of interest rates is predicated upon a broken economic model, which holds the Phillips Curve as a fundamental assumption of policymaking.
He argues that the reasoning behind the rate rise is that we are close to full capacity and yet there's similarly no evidence of upwards pressure on wages. It is an excellent read and I recommend that all students in the final year of their post-16 courses read it.
Missing pay rises: the ever deepening economics mystery | Larry Elliott https://t.co/msMvHzq3yB
— Guardian Business (@BusinessDesk) November 5, 2017
Subscribe to email updates from the tutor2u Economics
Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.
You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.
Job board
Economics Contributor
tutor2u, On-line
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.
Related Collections
You might also like
From the Blog
More Topic updates
-
A Level Economics Grade Booster Workshops
Our A Level Economics Grade Booster workshops are designed to provide essential revision support to all A Level Economics students as they complete their preparation for the three terminal papers...
-
A Level Economics Strong Foundations Workshops
The A Level Economics Strong Foundations workshops are designed to support all Year 13 A Level Economics students as they complete the fourth term of their two-year linear course.
Popular Content
-
Synoptic Example Essays (Volume 1) for A Level EconomicsSynoptic Example Essays (Volume 1) for A Level Economics
- SKU: 02-4130-30039-03
-
Printed Edition
-
Student personal license
- £5.00
Added to your Shopping Cart!
Synoptic Example Essays (Volume 1) for A Level Economics
- SKU: 02-4130-30039-03
-
Printed Edition
- £5.00
-
AQA A Level Economics Revision Flashcards - National & International EconomyAQA A Level Economics Revision Flashcards - National & International Economy
- SKU: 02-4130-30073-03
-
Printed Edition
-
Student personal license
- £14.00 (+VAT)
Added to your Shopping Cart!
AQA A Level Economics Revision Flashcards - National & International Economy
- SKU: 02-4130-30073-03
-
Printed Edition
- £14.00 (+VAT)
Teaching Vacancies
-
Temporary Teacher of Mathematics
Frensham Heights School, Nr Farnham, Surrey
-
Economics Contributor
tutor2u, On-line
-
Home Working - BTEC Standards Verifier - Enterprise
Pearson, Homeworking
- Browse all jobs ›
Advertise your vacancies with tutor2u
Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.