cover image: Changing central bank pressures and inflation


Changing central bank pressures and inflation

28 Mar 2024

Globalization, market liberalization, and other factors that helped reduce inflation in the four decades before the COVID-19 pandemic may be reversing, complicating central banks' efforts to tame the post-pandemic inflation surge, suggests a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 29. "We argue that several global economic trends will, more likely than not, increase pressures on central banks to inflate," write the authors--Pierre Yared and Hassan Afrouzi of Columbia University, Marina Halac of Yale University, and Kenneth Rogoff of Harvard University.
monetary policy economic studies brookings papers on economic activity


Pierre Yared, Hassan Afrouzi, Marina Halac, Kenneth Rogoff

Acknowledgements and disclosures
David Skidmore authored the summary language for this paper. Chris Miller assisted with data visualization.
Published in
United States of America

Related Topics