, the collapse of the Bretton Woods system, the Great Inflation, the Latin American hyperinflation(s), the Great Moderation … until the highest global inflation spike in two generations which started in 2021. The book covers these dynamics in … higher inflation, lower economic growth, larger budget deficits, increased private sector debt and greater global economic …

During the recent inflation episode, the paradigm of separated objectives for monetary and fiscal policies has shown … some limits. Fiscal policies have helped mitigate inflation. We advocate for the emergence of a new paradigm that gives …