At the lecture, Prof. Ocampo provided an overview of development debates in historical perspective

Multiple shocks to the world economy The world continues to confront multiple, inter-connected crises. Amid a slow recovery from the impact of the COVID-19 pandemic, the world is facing a food and energy crisis exacerbated by the war in Ukraine, with r ...

It is crucial for central banks to maintain a “nominal anchor” to stabilize inflation expectations. Currently, exchange rate targeting, monetary aggregate targeting, and inflation targeting are used as nominal anchors.