<p><span>Huw Pill talks about the challenges for </span><a href="https://www.bankofengland.co.uk/monetary-policy">monetary policy</a><span> after Covid.</span></p>
Join us for a Princeton faculty-alumni panel discussion on managing sovereign debt in the post-pandemic context. Open to all Princeton Reunions attendees. Hosted by the JRCPPF Alumni Forum. Registration required Mark Aguiar is the Walker Professor of Economics and International Finance and Director of the International Economics Section, at Princeton University. As a macroeconomist, he studies emerging market business cycles, sovereign debt, the political economy of capital taxation, growth, and linkages between labor, consumption, and inequality. His recent work on sovereign debt concerns self-fulfilling debt crises and equilibrium maturity choice. He has served as editor for the American Economic Review, the Review of Economic Dynamics, and AEJ: Macroeconomics. Prior to pursuing an academic career he was a Foreign Service Officer. He received his Ph.D. in economics from MIT and a B.A. in history and Chinese from Brown University. Linda Goldberg 88 is a Senior Vice President at
Despite the large capital outflows during the Covid-19 crisis, emerging economies did not make extensive use of capital controls. Indeed, these have had limited effects on capital outflows, being more effective on inflows. This column shows that macroprudential measures on the financial sector, which are increasingly part of the policy mix, have a positive impact on outflows
In 2021, inflation in emerging market and developing economies reached its highest level since 2011, prompting many to increase their policy rates. This column argues that these economies need to employ credible, carefully calibrated, and well communicated monetary policies to contain inflationary pressures. Such policies tend to be more successful in anchoring inflation
The responsiveness of longer-term inflation expectations to shorter-term economic developments plays an important role in inflation dynamics. Using the new ECB Consumer Expectations Survey conducted in the middle of the Covid-19 pandemic, this column explores how consumers adjust their medium-term inflation views in response to changes in short-term inflation expectations and