
Forward Thinking on ‘megathreats,’ ‘polycrises,’ and ‘doom loops’ with Nouriel Roubini
Forward Thinking
The Future of Inflation
Inflation got close to double digits in most advanced economies. It is starting to fall but from very high level. Central banks are in a dilemma. If there is interest to fight inflation, they're going to cause a hard landing and if instead they care about jobs and growth and employment, don't raise interest rates enough. Then inflation, inflation, expectation, get the anchored. There's a price wage spiral in the double like the 70s with high inflation and persistent basis.
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