Inflation has risen so fast it's even surprised central banks. Can they do anything to bring it down? - World Economic Forum


8/10/2022 12:00:00 AM2 years 8 months ago
by Tobias Adrian, Christopher Erceg, Fabio M. Natalucci

Central banks need to note a key lesson from the high inflation of the 1960s and 1970s – acting too slowly leads to much more painful adjustments later.

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