Table of Contents
Eswar Prasad also elaborates on how Western central banks lost control over inflation, the economic costs of inflation, the future of central bank independence, and more
Eswar Prasad also elaborates on how Western central banks lost control over inflation, the economic costs of inflation, the future of central bank independence, and more
A strong U.S. dollar and high inflation have been the defining global macroeconomic trends of the year. In an interview with The Hindu, Eswar Prasad, a professor at Cornell University and the author of “The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance”, argues that the rising U.S. dollar is a reflection of more robust economic fundamentals in the U.S. than in other major economies. He also elaborates on how Western central banks lost control over inflation, the economic costs of inflation, the future of central bank independence, and more.
