High inflation has been the big surprise this year. It has driven an aggressive tightening in monetary policy and a sharp rise in the risk of recession, which has in turn driven a plunge in sharemarkets.
The good
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High inflation has been the big surprise this year. It has driven an aggressive tightening in monetary policy and a sharp rise in the risk of recession, which has in turn driven a plunge in sharemarkets.
The good
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The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy
byRichard C. Koo