{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Jonathon Hazell on the Costs and Causes of Inflation and the Phillips Curve Debate","description":"Jonathon Hazell is an assistant professor of economics at the London School of Economics and is a returning guest to the podcast. He rejoins David on Macro Musings to talk about the costs of inflation, the Phillips curve Debate, and the lessons learned from the post-pandemic inflation surge. &amp;nbsp; Transcript for this week\u2019s  episode. &amp;nbsp; Jonathon\u2019s Twitter: @JADHazell Jonathon\u2019s website Jonathon\u2019s LSE profile &amp;nbsp; David Beckworth\u2019s Twitter:&amp;nbsp;@DavidBeckworth Follow us on Twitter:&amp;nbsp;@Macro_Musings &amp;nbsp; Check out our new AI chatbot: the&amp;nbsp;Macro Musebot! Join the new Macro Musings&amp;nbsp;Discord server! &amp;nbsp; Join the Macro Musings&amp;nbsp;mailing list! Check out our Macro Musings&amp;nbsp;merch! &amp;nbsp; Related Links: &amp;nbsp;  *Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs* by Jonathon Hazell, Joao Guerreiro, Chen Lian, and Christina Patterson &amp;nbsp; *Do Deficits Cause Inflation? A High Frequency Narrative Approach* by Jonathon Hazell and Stephan Hobler &amp;nbsp;  *Jonathon Hazell on Phillips Curves, Wage Rigidity, and How to Measure R-Star* by Macro Musings &amp;nbsp;  *The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation* by Paul Beaudry, Chenyu Hou, and Franck Portier &amp;nbsp; Timestamps: &amp;nbsp; (00:00:00) \u2013 Intro &amp;nbsp; (00:05:27) \u2013 Breaking Down the Costs of Inflation &amp;nbsp; (00:08:45) \u2013 *Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs* &amp;nbsp; (00:21:12) \u2013 Outlining the Policy Implications &amp;nbsp; (00:27:24) \u2013 The Recent Phillips Curve Conversation: What Have We Learned? &amp;nbsp; (00:34:43) \u2013 *Do Deficits Cause Inflation? A High Frequency Narrative Approach* &amp;nbsp; (00:46:39) \u2013 Navigating the Alternative Macroeconomics Perspectives &amp;nbsp; (00:51:33) \u2013 Evaluating the Supply vs Demand Story for the Post-Pandemic Inflation &amp;nbsp;  (00:55:09) \u2013 Outro ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/33348147\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/179319632"}