Inflationary psychology could make things worse, but for now it's in check
- Written by The Conversation
ShutterstockWith the world is experiencing inflation levels not seen since the 1980s, central banks are caught between warning of the dangers of an 1970s-style inflationary spiral, and contributing to that spiral by talking about it.
It’s a problem in any part of the economy where expectations shape outcomes.
On one hand, central banks...
Read more: Inflationary psychology could make things worse, but for now it's in check
