In an increasingly globalized world which places downward pressure on nominal wages, monetary policy should permit the rewards of productivity growth to be passed on to workers in the form of falling prices. Targeting nominal income growth to equa...
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Thomas Aubrey is founder of Credit Capital Advisory and Senior Adviser at Policy Network. Before setting up Credit Capital Advisory, Aubrey ran a number of analytics and research businesses including Fitch Solutions, the analytics division of Fitch Group.