Why inflation is not lurking in the shadows

Hancké, B.ORCID logo (12 May 2020) Why inflation is not lurking in the shadows. LSE European Politics and Policy (EUROPP) blog.
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n a recent op-ed in the FT, economist Stephen Roach suggested a future of stagflation as a combined result of the increasing brittleness of supply chains and the pent-up consumer demand caused by the lockdown. But he is wrong, Bob Hancké suggests. The real world is considerably more complicated.

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