Rethinking inflation: why we need to focus on the job ladder - Econ Brief The Phillips curve underpinning monetary policy doesn’t capture the full complexity of the links between labour markets and inflation. The concept of the job ladder and the dynamics of job-to-job swit...

The #PhillipsCurve doesn’t fully capture the complex links between labour markets & inflation; the #JobLadder & dynamics of job-to-job switching offer a richer understanding of how economic shocks translate into wage & price pressures

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ucleconbrief.co.uk/2026/02/06/r...