Goodhart, Gopinath and Lippi disagree on inflation

Central banks lack tools to deal with inflation, Goodhart warns, but IMF chief economist disagrees

Charles Goodhart
Charles Goodhart

Veteran macroeconomist Charles Goodhart warned that central banks face a possible international rise in inflation, provoking a lively disagreement with Gita Gopinath and Francesco Lippi.

International Monetary Fund chief economist Gopinath and Luiss University professor Lippi argued that policy-makers have more capacity to reduce inflation than Goodhart believes.

Goodhart told a seminar organised by the European Central Bank on September 28 that several factors made a major rise in inflation

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