The Great Reversal into a higher inflation environment

In a Financial Times article written on September 8, John Plender made a favorable reference to the Forward, written by William White, to an essay prepared for the New Zealand Initiative by Graham Wheeler and Bruce Wilkinson. White suggested that central banks have systematically underestimated the importance of supply side shocks when setting monetary policy.

https://www.ft.com/content/c7c3675e-d6c9-42c1-bec3-19cbab162b91