Talks@Bruegel: Inflation and unemployment with Joseph Gagnon

For more than 25 years, central banks in advanced economies allowed unemployment to get higher than necessary to keep inflation low, resulting in trillions of dollars in lost output. What are the root causes of this phenomenon, and how should central banks adjust their future frameworks in order to best balance economic growth and low inflation? Joseph Gagnon, Senior Fellow at the Peterson Institute for International Economics, will join us to discuss the causes, failures and successes of monetary policy.