Goodhart, Gopinath and Lippi disagree on inflation
Central banks lack tools to deal with inflation, Goodhart warns, but IMF chief economist disagrees
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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