The full title of the Munich Security Conference (MSC) report is “Polypandemic. Development, Fragility, and Conflict in the Era of Covid-19. The sentence used by MSC Chairman Wolfgang Ischinger in the introduction of the 80-page report released in November 2020 will suffice to explain the new term:• “In a few short months, the coronavirus pandemic
From the perspective of a monetary economist, inflation is always the first item that should be addressed on the way to sustainable growth. Hence my unduly emphasis on price stability. Despite all the tragedy and loss, perhaps one of the few gains in 2020 was to bring the abstract notion of price stability down to