Gern, Klaus-Jürgen; Kooths, Stefan; Reents, Jan; … - 2022
savings accumulated during the pandemic. Given the widespread inflationary pressures, central banks have shifted towards a … more restrictive monetary policy stance. Against this backdrop, the outlook for global growth has weakened. We forecast … that inflation proves to be more persistent than central banks expect. In such a case, central banks would need to step on …