Stanley Fischer, economist, 1943-2025
He was among the most influential macroeconomists of his generation. Martin Wolf Financial Times June 6, 2025 – https://www.ft.com/content/f857d555-dba1-4352-b501-afd2108cf4a7 Stanley Fischer was the Renaissance man of contemporary macroeconomists. He was among the most influential theorists of his generation. He taught many of the leading economic policymakers of the era, including the former chair of the […]
Post-Pandemic Global Inflation, Disinflation, and Central Bank Policy Responses: A Review of the Facts, Empirical Findings, and their Implications for Monetary Policy Framework Assessments
Richard H. Clarida This paper examines the 2021-2022 global inflation surge and the belated but aggressive monetary policy response to it by advanced economy central banks. Drawing on body of recent empirical research, it identifies three primary drivers of the global inflation surge: supply shocks from pandemic disruptions and Russia’s invasion of Ukraine, accommodative fiscal […]