Citi's Buiter Says Phillips Curve Is Only Stunned, Not Dead

The video discusses the UK inflation rate, highlighting its decline and the market's skepticism about future inflation trends. It explores the belief that the Phillips Curve is outdated, using a Monty Python reference to illustrate differing opinions. The discussion includes the impact of oil prices on inflation and the importance of understanding disinflation. The video concludes with the significance of economists quoting cultural references, emphasizing the blend of economic analysis and humor.

What recent economic trend is highlighted in the UK?

• Decrease in house prices

• Increase in inflation rate

• Rise in employment rate

• Fall in inflation rate

How does the market view the Phillips Curve according to the discussion?

• As a reliable economic model

• As completely irrelevant

• As a concept that is only stunned

• As a new economic theory

What is expected to happen as the employment rate continues to fall?

• Stabilization of inflation

• Increase in domestically generated inflation

• Decrease in inflation

• No change in inflation

What role do oil prices play in the current economic discussion?

• They have no impact on inflation

• They are distorting the headline inflation figures

• They are causing deflation

• They are stabilizing the economy

Why is quoting Monty Python significant in economic discussions?

• It is a common practice among economists

• It highlights the absurdity of economic theories

• It is considered a 'breaks clusive' moment

• It adds humor to the discussion