The Wall Street Journal spoke to Charles Goodhart about his work on inflation, focusing on his recent forecasts of long-lasting high inflation, and followed the shift in central banks' reactions in light of current events.
Tom Fairless writes: 'Mr. Goodhart’s theory about how shifting demographics are squeezing the labor force and pushing up prices has drawn the attention of central bankers in the U.S., Europe and China—and has kicked off plenty of debate about whether he is right. Major central banks including the Federal Reserve and the European Central Bank have expressed alarm about inflation’s surge and are laying plans to try to squelch it.'
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Photos: Mary Turner for the WSJ
