High Inflation: Is It the New Challenge for the Main Central Banks? - Luigi Bonatti, Roberto Tamborini - Vita e Pensiero - Articolo Rivista internazionale di Scienze Sociali

High Inflation: Is It the New Challenge for the Main Central Banks?

digital High Inflation: Is It the New Challenge for the Main Central Banks?
Article
Journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
Issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2022 - 1
Title High Inflation: Is It the New Challenge for the Main Central Banks?
Authors ,
Publisher Vita e Pensiero
Format Article | Pdf
Online da 05-2022
Doi 10.26350/000518_000088
Issn 0035-676X (print) | 1827-7918 (digital)
€ 6.00

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In this study, we briefly review the macroeconomic theory of inflation, relating it to the recent developments in advanced economies. Then, we analyse the drivers of the rise in inflation observed in 2021 in the United States and in Europe, and we illustrate the factors that may affect the inflationary scenario of the advanced economies in the longer term. Finally, we discuss what challenges the Federal Reserve and the European Central Bank have to meet in the face of current inflationary pressures.

keywords

Supply-chain disruptions, Price hikes, Temporary inflation, Expectations de-anchoring, Stagflation.

Authors biography

Luigi Bonatti, Roberto Tamborini, University of Trento. Email Bonatti: luigi.bonatti@unitn.it. Email Tamborini: roberto.tamborini@unitn.it.

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