
Is Inflation Alive?
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Axel A. Weber
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Kenneth Rogoff
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Robert J. Barro
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Claudia Sahm
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Elmira Bayrasli
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Harold James
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Markus Brunnermeier
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Jean-Pierre Landau
Huge fiscal and monetary stimulus programs have sparked a growing debate about whether advanced economies may sooner or later experience the sort of rapid price growth last seen a generation ago. While stimulus advocates point to current weak demand and the public’s deeply ingrained low-inflation expectations, anxious hawks fear that a new and dangerous global inflationary consensus may be taking hold.