Jan Hatzius on the Narrow Path to Avoid a Hard Landing
Odd Lots
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Navigating Tight Commodity Markets and Economic Growth
This chapter explores the implications of tight commodity markets, focusing on oil, copper, and lithium, amidst global economic growth challenges. The discussion highlights the effects of historical monetary policies, supply chain disruptions, and labor market dynamics post-pandemic, examining risks of recession and inflation in Europe and beyond. Central banks' dual mandate and decision-making complexities in maintaining economic stability are also analyzed, along with historical parallels to inform current economic strategies.
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