(AGENPARL) – mar 14 marzo 2023 The pandemic and war have bred new challenges for global central banks in coming years []
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Dear Colleague,
Now, economists must ask, What lessons does this era offer for monetary policy? We might begin with the lessons from the pandemic and war that are relevant for monetary policy, even if the world eventually moves back to an environment of low interest rates and low inflation. Most economists missed the inflation surge, and we need to understand why, and how monetary policy may have to change going forward, she writes.
“But some crisis effects—high inflation, supply chain disruptions, greater trade barriers—may persist much longer, or intensify. That could challenge macroeconomic stability around the world, especially in emerging markets. How can we avoid this?”
(Credit: March Cover Pete Reynolds)
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Nick Owen
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F&D Magazine
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