HKS Affiliated Authors


Carmen Reinhart: Inflation, the Fed, and the Big Picture. Carmen Reinhart, September 5, 2015, Opinion. "Inflation - its causes and its connection to monetary policy and financial crises - was the theme of this year's international conference of central bankers and academics in Jackson Hole, Wyoming. But, while policymakers' desire to be prepared for potential future risks to price stability is understandable, they did not place these concerns in the context of recent inflation developments at the global level - or within historical perspective. For the 189 countries for which data are available, median inflation for 2015 is running just below two per cent..." Link