The End of Easy Money: Policy-Making for an Inflationary Era

For 40 years, no policy maker in the developed world has had to confront real inflation. Now, costs are rising so rapidly that governments are having to subsidize basic expenses and popular uprising is a genuine risk. Central bankers are tackling the challenge by raising rates and draining liquidity from financial markets. Yet growth remains strong and labor shortages persist. Are textbook tactics the right approach? Does policy-making for the post-pandemic era require a different set of tools? Bloomberg's Stephanie Flanders moderates a panel with Gita Gopinath, First Deputy Managing Director, International Monetary Fund, Davide Serra, Founder and Chief Executive Officer, Algebris Investments and Axel A. Weber, Chairman, Institute for International Finance at the 2022 Bloomberg New Economy Forum in Singapore.
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