
Willem Thorbecke
Willem Thorbecke is a Senior Research Fellow at the Asian Development Bank Institute and a Consulting Fellow at Japan’s Research Institute for Economy, Trade and Industry.
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What Rebalancing?
Willem Thorbecke is a Senior Research Fellow at the Asian Development Bank Institute and a Consulting Fellow at Japan’s Research Institute for Economy, Trade and Industry.
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.