Asia Global Institute

The Next Phase of Our Inflation Journey

Friday, February 2, 2024

The Next Phase of Our Inflation Journey

The potential inflationary impact of maintaining excessively low real interest rates amidst supply-side limitations.

Michael Spence, Advisory Board Chairman of the Asia Global Institute, discussed the challenges of achieving the target inflation rate in the United States due to supply-side constraints and diminished capacity to respond to demand-side pressures. He highlights the importance of carefully managing real interest rates to maintain a balance between supply and demand and avoid excessive inflation.

Read the full article here.


Michael Spence

Advisory Board Chairman, Asia Global Institute

Michael Spence


Room 326-348, Main Building
The University of Hong Kong
Pokfulam, Hong Kong

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