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The end of the inflation fight is today?
In the fall of 2020, I wrote (with T. Santos and J. Saa) that if inflation were to return, CBs would not be willing to follow through with tighter mon. pol. because of their fear if causing financial instability. https://cepr.org/voxeu/columns/tackling-inflation-if-it-reappears
🐦🔗: https://n.respublicae.eu/lugaricano/status/1635264506539683851
Today, post #svb, we are getting effectively a huge new round of QE-for-the-rich-and-connected, and, possibly, a stop in interest rate increases
🐦🔗: https://n.respublicae.eu/lugaricano/status/1635264514060058624