Larry Summers
Economics Professor, Harvard University
Larry Summers is a noted economist who has served in various significant roles, including as the U.S. Secretary of the Treasury and President of Harvard University.
Cited In
1 Article
Global Business / Economy
Is Inflation Targeting by Central Banks Actually Working — or Are We Paying the Price for a Framework Designed for a World That No Longer Exists?Inflation targeting remains one of the central pillars of monetary policy, but its limits are becoming harder to ignore. Supporters argue that a credible inflation target anchors expectations and protects confidence in central banks. Critics counter that supply shocks, geopolitical disruptions, and structural changes make rigid targets less useful than they once were. The real debate may not be whether inflation targeting works, but whether it can remain effective without becoming more flexible.