Project Syndicate
February 24, 2022
HKS Authors
See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
In the decade that followed the 2008 global financial crisis, some central banks overestimated the dangers of inflation and pursued unnecessarily tight monetary policies. In 2021, they fought the last war yet again, but this time by underestimating the risks of rising price pressures.
Citation
Frankel, Jeffrey A. "Fighting the Last Inflation War." Project Syndicate, February 24, 2022.