Since late 2020, the global inflation rate has risen sharply to over 6% due to unprecedented policy actions, the release of pent-up demand, persistent supply disruptions, and surging commodity prices. Jongrim Ha, M. Ayhan Kose, and Franziska Ohnsorge write that economic history can provide us clues to where inflation rates are heading and what policymakers should do to prepare.
The United Nations-brokered ceasefire in Yemen appears to be holding for now—pausing seven years of war in the country. Bruce Riedel explains how this came to be, the Biden administration’s response and role, and why the temporary conditions are so fragile.
Can protests lead to meaningful changes in government policy, particularly around the redistribution of economic resources? Belinda Archibong discusses a new study that addresses this question using evidence from Nigeria—the most populous country in Africa and the sixth most populous country in the world.
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