Disruptions and dislocations associated with COVID-19 mean current economic data may not be a reliable guide to the future. But by turning to the past, we find compelling evidence that inflation regime change is accelerating.
A single-minded approach to price stability is under threat as policymakers start to focus on what are—arguably—more pressing concerns.
Technology is advancing at a rapid pace, exerting downward pressure on prices
Central banks are being forced to address many challenges—inequality, climate change, and debt management to name but three.
A wave of policy support to stabilize the world economy has left developed nations with a growing public debt load. What path will governments follow to address the issue? History offers several debt-reduction templates.
Economic insecurity, social insecurity and political ineffectiveness: these developments have fed a resurgence of populist policies in many regions of the world. We think there’s potential for major impacts on global capital markets.