These levels are, on average, 6% higher than the levels observed in 2019. Production and distribution disruptions are part of the supply side considerations behind the global surge of inflation. However, demand side factors, as the strong fiscal stimulus implemented to counteract the negative effects of COVID-19, and low interest rates, are also part ofContinue reading “High inflation and relatively low interest rates around the world”
Tag Archives: interestrates
Financial conditions and monetary policy: the importance of non-linear effects
In this research project, we show the importance of considering non-linearities when analyzing financial conditions and the macroeconomic-financial linkages. Conclusions include:
Alberto Ortiz Bolaños 