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The Great Inflation Resurgence
Why Inflation Returned in the 2020s and What to Expect Next
Book • 2024
The book delves into the sudden surge in inflation in 2021-22 to its highest levels in 40 years in the US and Europe, following a decade of too-low inflation.
It introduces a simple economic framework and adopts a global perspective to compare inflation experiences across the US, Europe, and Asia.
The authors address key questions such as why the West experienced surging inflation despite central banks fighting too-low inflation in the 2010s, why few economists predicted this resurgence, and why China now faces deflation.
The book highlights lessons that inflation is a global phenomenon with local characteristics, the need for broad economic thinking over models during large shocks, and the significant role of fiscal policy.
The authors provide insights for central banks and financial markets while anticipating future inflation trends.
It introduces a simple economic framework and adopts a global perspective to compare inflation experiences across the US, Europe, and Asia.
The authors address key questions such as why the West experienced surging inflation despite central banks fighting too-low inflation in the 2010s, why few economists predicted this resurgence, and why China now faces deflation.
The book highlights lessons that inflation is a global phenomenon with local characteristics, the need for broad economic thinking over models during large shocks, and the significant role of fiscal policy.
The authors provide insights for central banks and financial markets while anticipating future inflation trends.
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Mentioned in 1 episodes
Mentioned by Tom Keene as a new book focused on inflation.
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