In high-income countries, consumer price inflation is running at rates not seen in four decades. With inflation no longer low, neither are interest rates. The era of “low for long” is over, at least for now. So, why did this happen? Will it be a lasting change? What should the policy response be?
在高收入國家，消費者價格通膨率正處於40年來未見的水準。隨著通膨率不再低，利率也不再低。「長期低」利率的時代已經結束，至少目前是這樣。那麼，爲什麼會發生這種情況呢？這將是一個持久的變化嗎？政策應對應該是什麼？
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