Inlacja nie umarła, jest jedynie w hibernacji

Gdyby ktoś mi nie wierzył, polecam wystąpienie Claudio Borio z BIS. Oto fragment:

"Looking forward, in the wake of the pandemic, disinflationary forces are likely to prevail in the near term, owing to excess capacity and the continued impact of the secular forces. But at some point inflation could become a problem again, if underlying economic conditions and policy regimes came to resemble more those in the 1970s: a deglobalised world; high public debt; financial repression; highly constrained central bank autonomy; and a larger role of the state in the economy. If so, the winter of hibernation will have been quite long, but just a winter nonetheless."