Impact of Supply Shocks on Globalization and Central Banks

The chapter delves into the repercussions of supply shocks on global trade, the challenges faced in diversifying supply chains, and the transformative role of AI in sectors like healthcare and education. Additionally, it explores the potential adaptations central banks may need to make to address supply side shocks, predicting challenges like prolonged high interest rates, rising inflation, and the political pressures faced by central banks.