Why that will lead to larger fiscal deficits, more debt monetisation, and higher inflation in future COMMENT | Nouriel Roubini | Inflation rose sharply throughout 2022 across both advanced economies and emerging markets. Structural trends suggest that the problem will be secular, rather than transitory. Specifically, many countries are now engaged in …
Read More »Sleepwalking on Megathreat Mountain
How current intellectual and cultural climate forebodes the madness in the great interwar novel, The Magic Mountain COMMENT | Nouriel Roubini | A host of interconnected “megathreats” is imperiling our future. While some of these have been long in the making, others are new. The stubbornly low inflation of the pre-pandemic period …
Read More »Stagflation, debt distress, financial innovation
Professor Emeritus of Economics at New York University, Nouriel Roubini speaks to Project Syndicate (PS) on that and more. Project Syndicate: In your latest PS commentary, you reaffirmed your expectation that monetary authorities’ efforts to rein in inflation will “cause both an economic and a financial crash,” and that “regardless …
Read More »The stagflationary debt crisis is here
Distress in markets shows central banks efforts to lower inflation will cause economic and financial crash COMMENT | NOURIEL ROUBINI | For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and …
Read More »The gathering stagflationary storm
Impact of negative aggregate supply shocks that have curtailed production and increased costs COMMENT | NOURIEL ROUBINI | The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth. And a big reason for the current bout of stagflation is a …
Read More »Russia’s war and the global economy
The risk is that markets and political analysts will underestimate the implications of this regime shift COMMENT | NOURIEL ROUBINI | Now that Russian President Vladimir Putin has launched a full-scale invasion of Ukraine, we must consider the economic and financial consequences of this massive historic development. The Ukraine war …
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