Ukraine War Complicates Battle to Tame Inflation, Economists Say

As China hunkers down to fight its ongoing wave of Covid-19 outbreaks and the U.S. and some European countries move to tackle rising inflation, uncertainties brought forth by the Russia-Ukraine war have complicated the work of central bankers in pushing for economic growth, according to two influential economists.

If not for the war, the U.S. could have tamed inflationary pressure in two or three years through a gradual tightening of monetary policy, Nobel laureate economist Christopher Pissarides said in an interview with Caixin on March 21.