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The Next Phase of Our Inflation Journey
SINGAPORE – What makes a journey? There is the destination, of course; but there is also the route one follows to get there, and the time it takes to complete it. This might be a useful framework for thinking about the future trajectory of inflation and interest rates – a journey with important implications for the cost of capital, valuations and multiples, debt sustainability, and more.
The Next Phase of Our Inflation Journey
Michael Spence sees flaws in projections that the US Federal Reserve will continue to cut interest rates beyond 2024.The Redemocratization of Poland
Adam Michnik interviewed by Irena Grudzińska Gross about the challenges of overcoming eight years of populist misrule.Populism’s Great Replacement of Economics
Antara Haldar urges policymakers to heed Karl Polanyi’s warning that the economy cannot be “disembedded” from society. The first step is to understand how we got to where we are today. After pandemic-era restrictions were lifted, demand surged across the global economy, sustained partly by healthy household and corporate balance sheets, which reflected the generous fiscal support........
© Project Syndicate
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