By Brigitte Granville* – Project Syndicate
The Big Question is a new feature in which Project Syndicate commentators provide compelling answers to a timely question.
Rising price pressures have reemerged as a central concern for policymakers in many advanced economies. But with US and eurozone inflation accelerating to 8.5% and 7.5%, respectively, in March – the highest levels in decades – many are worried that central banks are not tackling the problem aggressively enough.
*Brigitte Granville is Professor of International Economics and Economic Policy at the School of Business and Management, Queen Mary, University of London, and the author of What Ails France