Bracing for a More Inflationary World
https://www.project-syndicate.org/commentary/inflationary-pressures-from-aging-deglobalization-climate-and-immigration-policies-by-raghuram-g-rajan-2024-07
Faced with societal aging, de-globalization, climate change, anti-immigration sentiment, and technological advances, central banks will feel pressure from many directions in the coming years, even after they bring today’s inflation under control. Difficult trade-offs will be unavoidable.
My take from Spring 2023:
https://www.ut.edu/uploadedFiles/Academics/Business/TBESpring2023_Final.pdf
https://www.project-syndicate.org/commentary/inflationary-pressures-from-aging-deglobalization-climate-and-immigration-policies-by-raghuram-g-rajan-2024-07
Faced with societal aging, de-globalization, climate change, anti-immigration sentiment, and technological advances, central banks will feel pressure from many directions in the coming years, even after they bring today’s inflation under control. Difficult trade-offs will be unavoidable.
My take from Spring 2023:
https://www.ut.edu/uploadedFiles/Academics/Business/TBESpring2023_Final.pdf