Central Banks Have Been Hedging Rampant Regulation. Will This End Now?

Inflation continues to rise fast, in June 2022 having reached 8.6 percent in the United States and in the euro area. At the same time, regulation continues to thrive. Products, production processes, supply chains and trade are increasingly regulated. What is not obvious: in the background, central banks have been hedging the rampant regulation. Prof. Dr. Gunther Schnabl in the following blog.