Sven Jari Stehn and Jan Hatzius: Fed Should Target Wage Growth: “Low inflation should be indicative of the size of the employment gap. This approach, however, relies on a tight link between slack and price inflation. And the experience of the last couple of years suggests that price inflation is not very responsive to the … Continue reading Lunchtime Must-Read: Sven Jari Stehn and Jan Hatzius: Fed Should Target Wage Growth – Business Insider