CAMBRIDGE — Nearly two years into the current bout of inflation, the concept of “transitory inflation” is making a comeback as the COVID-related supply shocks dissipate.

CAMBRIDGE — On the 40th anniversary of her accession to the throne, Queen Elizabeth II remarked that, “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an annus horribilis”.

CAMBRIDGE  —  The United Kingdom has had a sobering ten days, with its economy, financial system and citizens’ well-being suddenly at risk.

CAMBRIDGE  —  Financial markets’ reaction to the US Federal Reserve’s (Fed) latest policy move was reminiscent more of developing countries than of the world’s most powerful economy.

 CAMBRIDGE  —  It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine.

CAMBRIDGE — Big shocks to the global economy, such as Russia’s invasion of Ukraine, understandably capture the most attention. But a new worldwide pattern of “little fires everywhere” may be equally consequential for longer-term economic well-being.

CAMBRIDGE — The International Monetary Fund’s revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year.

CAMBRIDGE  —  A close friend who has been incredibly successful in his tech career once observed that an initial suboptimal decision is likely to lead to a series of subsequent bad decisions. Economists call this “multiple equilibria”.

CAMBRIDGE — The start of 2022 has been marked by a deepening sense of unease, and not just within governments as they confront challenges relating to health, the economy, geopolitics and, in some cases, national and financial security.