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Completing the post-pandemic landing

Author

Listed:
  • Boris Hofmann
  • Ko Munakata
  • Tom Rosewall
  • Damiano Sandri

Abstract

The global economy is on track for a soft landing, but the outlook has become more uncertain as new challenges loom. The lingering effects of the rise in the cost of living, large fiscal deficits, heightened policy uncertainty and a stronger US dollar pose risks to the landing. In such a complex environment, risk management considerations and clear communication are key for central banks to complete the disinflation process while supporting economic activity.

Suggested Citation

  • Boris Hofmann & Ko Munakata & Tom Rosewall & Damiano Sandri, 2025. "Completing the post-pandemic landing," BIS Bulletins 97, Bank for International Settlements.
    • Handle: RePEc:bis:bisblt:97
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    References listed on IDEAS

    as
    1. Dario Caldara & Matteo Iacoviello, 2022. "Measuring Geopolitical Risk," American Economic Review, American Economic Association, vol. 112(4), pages 1194-1225, April.
    2. Grigoli, Francesco & Sandri, Damiano, 2024. "Public debt and household inflation expectations," Journal of International Economics, Elsevier, vol. 152(C).
    3. Boris Hofmann & Cristina Manea & Benoit Mojon, 2024. "Targeted Taylor rules: monetary policy responses to demand- and supply-driven inflation," BIS Quarterly Review, Bank for International Settlements, December.
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