![Central Banking](https://nginx.production.bb8-centralbanking.uk3.amazee.io/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Bank of Thailand governor calls for better inflation model
Phillips curve model under-predicts inflation, argues governor Sethaput
![Sethaput Suthiwartnarueput speaks via video link at the IMF meetings](/sites/default/files/styles/landscape_750_463/public/2021-08/51106302345_b85c04d5ac_k.jpg.webp?h=fe191fe9&itok=aI1WEyQe)
Bank of Thailand governor Sethaput Suthiwartnarueput attacked the Phillips curve in a speech on December 2, arguing that central banks need a better economic model to predict inflation and guide policy.
A radically different economic and financial landscape has forced central banks to rethink their conceptual frameworks for policy-making, Sethaput said at a conference co-hosted by the Bank of Thailand and the Bank for International Settlements.
“Most prominently, the recent surge in inflation
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com