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Charles Goodhart, Manoj Pradhan
Over the past year, concerns about inflation have reappeared. The January 2021 Centre for Macroeconomics (CfM) survey asked members of its UK-based panel whether inflationary or deflationary pressures would dominate in the upcoming decade and about the main driving forces of inflation.
Should we worry about post-Covid inflation?      
Since the Global Crisis, inflation expectations have been subdued in most advanced economies. Central banks have made herculean efforts to hit their inflation targets from below. The consensus prior to Covid-19 was certainly that high rates of inflation would not be a major threat to advanced economies in the foreseeable future.  ....

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