The Inflation Puzzle
in VBA Journaal door Gerlof de VrijInflation plays a major role in the global economy and financial markets. Globally, central banks have adopted inflation targeting as their single most important target, having been haunted by periods of hyperinflation and deflation in the past. They flood the markets with liquidity and are willing to risk many unknown and unintended consequences, just to get inflation back in its presumed comfort zone.