![Inflation Dynamics: Dead, Dormant, or Determined Abroad?](/summary-img/38548-K4SK8JH4.jpg?h=M&b=0)
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Inflation’s quiescence around the world remains an economic conundrum. In this scholarly report, economist Kristin J. Forbes looks at how inflation dynamics have changed since the 2008 financial crisis and details why standard inflation models have been missing the target. She points to globalization as the missing link. Although its subject can be daunting to nonexperts, this study clearly explains a topic that is gaining more attention among economists, executives and analysts.
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Kristin J. Forbes is a professor of economics at the MIT Sloan School of Management.
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