About this work
Efforts to revive inflation after the pandemic created currency tensions as the United States, euro area and Japan tried to reflate simultaneously. Jonathan Fortun and Robin Brooks compared central bank forecasts in October 2020 and found a much faster projected inflation recovery in the United States. They argued that a weaker dollar against the yen and euro could aggravate this divergence and complicate the other economies’ efforts to restore inflation.
Abstract
Efforts to revive inflation after the pandemic created currency tensions as the United States, euro area and Japan tried to reflate simultaneously. Jonathan Fortun and Robin Brooks compared central bank forecasts in October 2020 and found a much faster projected inflation recovery in the United States. They argued that a weaker dollar against the yen and euro could aggravate this divergence and complicate the other economies’ efforts to restore inflation.
Cite this work
Jonathan Fortun, Robin Brooks (2020). GMV: The G-3 Struggle to Reflate. Institute of International Finance.