Since May 2022, central banks of advanced economies have raised interest rates rapidly, rapidly and in…
Tag: fiscal stimulus
Keeping inflation under control will be a global challenge
An inflationary negative supply shock poses a dilemma for central bankers. They should stabilize inflation expectations,…
Fiscal stimulus turning into fiscal pressure, in a big headwind for growth
Inflation-adjusted GDP grew 5.5% in the fourth quarter from the same period a year ago, its…