Rising debt levels have caused a revival of financial repression in the euro area and the USA. The Federal Reserve … total government revenues. This article argues that a slight rise in inflation could even liquidate German debt. …

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …