Is there a wage-price spiral? Interesting divergence in recent analyses by BIS (yes) and IMF (no). But one thing they

Is there a wage-price spiral? Interesting divergence in recent analyses by BIS (yes) and IMF (no). But one thing they agree on is the need to hike rates hard and fast. Chartbook #164 in the deadlocked, TINA-style politics of inflation in 2022.
adamtooze.substack.com/p/chartbook-16… https://t.co/parUCTiZjA

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