Forward Thinking on ‘megathreats,’ ‘polycrises,’ and ‘doom loops’ with Nouriel Roubini
Forward Thinking
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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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