Capital Link's Parpart on Central Bank Rates, Inflation

The video discusses the potential for interest rate hikes in 2018 and the impact on the global economy. It critiques the use of the Phillips Curve and highlights the importance of the NAIRU concept. The discussion includes insights from Nobel Prize winner Edmund Phelps on labor market dynamics, emphasizing that inflation does not necessarily rise with lower unemployment. The video also examines global economic trends, including central bank policies in Asia and Europe, and the potential effects on savings and quantitative easing.

What political reasons might cause interest rates to rise in Europe?

Discuss the implications of the ECB's potential actions on quantitative easing.