Saturday , October 16 2021
Home / Project Syndicate / Stagflation Ahead?

Stagflation Ahead?

Summary:
Add to Bookmarks Sep 23, 2021 As price growth accelerates, central bankers are coming under increasing pressure to tighten monetary policy. But will they succeed in keeping inflationary expectations anchored without choking off the faltering global economic recovery or triggering debt crises – especially in emerging economies? In this Big Picture, Harvard University’s Kenneth Rogoff highlights several worrying parallels with the 1970s, and argues that a sustained period of high inflation may have become much more likely. And over the medium term, warns Nouriel

Topics:
PS Commentators considers the following as important:

This could be interesting, too:

Paul Krugman writes The Fed Shouldn’t Make a Call on Inflation Yet

conversableeconomist writes Reduced Wage Inequality Since the Pandemic

Miles Kimball writes David Shor Is Telling Democrats What They Don’t Want to Hear—Ezra Klein

(Casey B. Mulligan) writes Childcare in “Build Back Better”

As price growth accelerates, central bankers are coming under increasing pressure to tighten monetary policy. But will they succeed in keeping inflationary expectations anchored without choking off the faltering global economic recovery or triggering debt crises – especially in emerging economies?

In this Big Picture, Harvard University’s Kenneth Rogoff highlights several worrying parallels with the 1970s, and argues that a sustained period of high inflation may have become much more likely. And over the medium term, warns Nouriel Roubini, a variety of persistent negative supply shocks could turn today’s mild stagflation into a severe case.

2021-09-23

Leave a Reply

Your email address will not be published. Required fields are marked *