Professor Sebnem Kalemli-Ozcan on the Fed's Path

The video discusses how the current inflationary period, influenced by COVID-19, differs from past episodes due to sectoral shifts and persistent inflation. It highlights the impact on vulnerable populations and the challenges faced by policymakers in controlling inflation. The role of monetary policy and structural economic changes are analyzed, with a focus on global inflation challenges and central bank responses. The potential long-term effects of technological advancements on inflation are also explored.

What challenges do policymakers face in managing inflation during uncertain economic times?

How do structural shifts in the economy affect inflation rates?

What potential future trends could influence global inflation rates?