Although the structural drags on inflation in commodity prices will remain post-COVID, short-term cyclical factors have risen sharply in recent...

Commodity price surges were associated with spikes in inflation in the 1970s, but have not been so in recent decades. During the period before the...

Inflation has become the all-consuming focus of investors’ attention in recent weeks. On the surface the story is simple—transitory factors...

Are we all Keynesians now? Is there much choice?

Posted by Innes McFee on Jan 20, 2021 1:30:00 PM

Over the past thirty years Richard Nixon’s famous comment “we are all Keynesians now” could hardly have rung more hollow. Since the introduction...