Financial and Monetary Systems
4 reasons inflation will stay stubbornly high for some time
The global economy is facing permanently higher inflation because of deglobalization, climate change, a wage-price spiral and highly liquid global markets.
The global economy is facing permanently higher inflation because of deglobalization, climate change, a wage-price spiral and highly liquid global markets.
Two economists argue that the current high rates of inflation are likely to persist for much longer than central banks' would hope.