Deutsch Intern
Senior Professorship for Economics, Money and International Economic Relations

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Discussion at Forum New Economy: Lessons from the inflation shock

03/26/2024

Co-author Jérôme Creel from the Paris-based OFCE discussed the results of a new Forum New Economy Working Paper with Peter Bofinger in our New Economy Short Cut: “Lessons from the inflation shock: A new paradigm for central banks and governments?” on 26 March 2024.

For a long time, it seemed clear that in the event of inflation, monetary authorities would have to fight it with high interest rates. Governments were not involved. Now a number of governments have responded to the inflation shock of 2022 with price brakes and other interventions – and apparently successfully. Is it time to rewrite the textbooks?

Click here  for additional information or to rewatch the debate. 

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