Unemployment Hurts Happiness More Than Modest Inflation, New Paper Says

Unemployment is much more damaging to society than moderate levels of inflation, making central bankers’ disproportionate focus on the level of consumer price growth misguided, a former Bank of England rate-setter now at Dartmouth College writes in a new paper. Along with three co-authors, David …

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Unemployment Hurts Happiness More Than Modest Inflation, New Paper Says