From low to high inflation: Implications for emerging market and developing economies

Jongrim Ha, Ayhan Kose, Franziska Ohnsorge The recent commodity price surge, in the wake of Russia’s invasion of Ukraine, has exacerbated already elevated inflationary pressures. This CEPR Policy Insight argues that over the medium term, as recent shocks unwind, inflation is expected to ease back towards targets, but the Great Inflation of the 1970s is a reminder […]

Geoff Harcourt: A Cambridge economist and an Australian patriot

Tim Harcourt  31 March 2022, The Australian economist Geoff Harcourt, a leading light of post-Keynesian economics, capital theory and economic thought, passed away in December 2021. This column, written by his son and fellow economist Tim Harcourt, outlines his life and times, including many contributions to both economic analysis and economic policymaking. Geoff regarded himself as […]