Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

, culture choice and the New World Order -- 3. Growth without democracy: Has China’s time of rapid growth come to an end? -- 4 … banks in the post-Covid world -- 7. How the flows change when interest rates are normalized: Risks to economic and financial …This book explores the central economic and political issues defining the modern world. With contributions from a …