How to run a world-class economics department

Within the run-up to the publication of this yr’s annual financial report, the Financial institution for Worldwide Settlements’ common supervisor, Agustín Carstens, laid down a problem to the organisation’s researchers. Might they write a chapter that might shed new gentle on the inflation course of and in addition stand the check of time, lasting past the heated inflationary surroundings of immediately?

The problem encapsulates what many main central banks and associated analysis organisations intention to attain with their

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