The Low Interest Rate, Low Inflation Conundrum
Ever since the Global Financial Crisis of 2008-09, inflation rates in the leading developed economies have remained below target. This is despite the fact that interest rates have remained at exceptionally low levels. Japan and the Eurozone have experienced sub-target inflation and negative interest rates for several years, but recently it seems the US and UK might be travelling along the same path.
Dr Greenwood will explain how economies arrived at the current predicament, and how policy-makers can escape from the low inflation, low-interest rates trap.