Lessons for monetary policy from the latest inflationary-disinflationary episode
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Contributor(s): Pablo Hernández de Cos | In the last few years, central banks across the globe have faced a formidable surge in inflation, stemming from a succession of supply and demand shocks. In response, they have embarked on an extraordinarily sharp monetary policy tightening cycle. Governor Hernández de Cos looks at the lessons learned.
Lessons for monetary policy from the latest inflationary-disinflationary episode