Vítor Constâncio (@vconstancio): "A brilliant way to analyse inflation episodes resulting from large supply=chain shocks that “ …can cascade through the production chain and generate persistent inflation on its own, independently of wages or expectations” ."

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A brilliant way to analyse inflation episodes resulting from large supply=chain shocks that “ …can cascade through the production chain and generate persistent inflation on its own, independently of wages or expectations” .

The Return of Nonlinear Inflation: Part II

When inflation surprised central banks in 2021, the story settled around a familiar structure: energy prices spike, workers bargain for higher wages, expectations drift, and a wage–price spiral is at the centre of why inflation persists. That narrative still anchors the latest scenarios as the

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Global Supply Chain Pressure Index

Our index tracks the state of global supply chains using data from the transportation and manufacturing sectors.

May 18

11:39 AM

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The Return of Nonlinear Inflation: Part II

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