|
|
|
|
|
|
by acd
1653 days ago
|
|
|
Central banks try to keep inflation at 2% by controlling local wage inflation. However markets are globalized so price of imported goods are energy price shipping plus foreign wage inflation. Thus local central banks cannot control foreign wage inflation and thus inflation. Local inflation is also exported through export prices but that currency exchange rate can control to some extent. |
|
|