The Impossible Trade-off: Phillips Curve & NAIRU

Travel through six decades of UK macroeconomic history as economic advisor to the Prime Minister. Predict inflation and unemployment, diagnose the Phillips Curve, and recommend policy across eras — from the stable 1960s trade-off and the 1973 oil shock to Thatcher's monetarism, the Great Moderation, the post-Covid inflation surge, and the 2026 synthesis.