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Explicit & Implicit Reasons of Global Inflation
June 3, 2022 @ 4:30 pm - 6:00 pm +04
About the Event:
For several decades, most economies, especially those of well-developed countries, grew accustomed to very low inflation. This period of remarkably low price increases was unprecedented, and some explanations for the trend were offered.
Certain economists suggested the policy of inflation targeting as one of the primary causes of low inflation, concluding that as this policy became more widespread, the trend towards low inflation would continue. However, the last few years saw the reversal of this trend on a global scale.
Explanations for increasing inflation in the last few years include such obvious issues as logistic troubles related to Covid-19 restrictions or problems with crops of various agricultural products due to unusual weather conditions. However, some economists discuss other, much more long-term factors of inflation that render this change of inflation trend much more persistent in the long-term.
About the Speaker:
Yulia Vymyatnina, Head of the Department of Economics, European University at St. Petersburg.
Language: English
